by James Turnage, author of “Four More Years”

“They won’t open the stock market if Elizabeth Warren is the next president.”

This facetious remark originated from Leon Cooperman, the billionaire boss at Omega Advisors; an obvious Trump supporter. Remember, it was Elizabeth Warren in conjunction with President Obama who placed restrictions on the actions of Wall Street; the same Wall Street which was at the root of near depression in 2008.

Trump removed all regulations meant to force transparency from Wall Street. Trump makes a big deal about the stock market’s big numbers. He refuses to acknowledge the fact that the rise began under President Obama who saved our nation from economic failure. Most importantly, successes on Wall Street are not indicators of a surging economy; they are proof that the rich are getting richer.

“The Democratic Party seems to be leaning towards the left on policies, which is very harmful for the economy. I don’t like the shift to the left,” he explained to CNBC, adding that the market, of course, will open, but it won’t be pretty.

“It would be a bear market and they go on for a year and go down 25%,” he said. “You don’t make the poor people rich by making rich people poor.”

Here’s what would happen with a President Warren; (that sounds so wonderful). Our economy would become fair for all. The rich would pay their fair share.

In 1981 Ronald Reagan began reducing the top tax rate. When he took office the maximum rate was 70 percent. Three years later it was 28 percent. The budget deficit began to rise. When he left office in 1989, our nation was one-trillion dollars in debt and the unemployment rate had risen to 12 percent. George H.W. Bush inherited a recessive economy and was forced to raise taxes; which guaranteed his reelection loss in 1992.

In 1993, Bill Clinton raised the maximum rate to 39.6 percent. When he left office in 2001, our economy was enjoying a surplus. Then George W. Bush placed our nation in two wars and reinstated “trickle-down economics.” When he left office in 2009, the deficit was several trillion dollars and the unemployment rate was rising.

When Trump took office, our nation was in full recovery mode. Trump not only gave the wealthy two tax breaks in two-and-one-half years, he foolishly cut the corporate tax rate drastically. Walmart, Amazon, and other mega-companies paid zero dollars in taxes last year. In his short time in office Trump has added one-trillion dollars to the deficit.

Facts prove that all Americans experience a better quality of life under Democrats.

Senator Warren is a progressive candidate. She will reduce income inequality and be a fighter for the working class. Time for real change, and time to take our country back.

By the way; she will remove Trump’s tariffs and trade will strengthen once again.

“The truth lives here;” spread the word.

Op-ed by James Turnage

SOURCE

Image courtesy of DonkeyHotey

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