We have been focusing on supply-side economics for years now. You give more and more money to top wage earners and corporations, they then, according to Republicans, take that money and invest it in the economy and create new industry, employ more people and everybody is better off. In fact, in the past 20 years, what we have seen is that these people don’t invest the money in new production, they speculate with it. They speculated on high tech, they speculated on energy futures, and they speculate on mortgage-backed securities. That is why we are in the problems that we are in.
