Tax Cuts and Supply Side Economics

It is economic incentive that drives enterprise, not the supposed nobility of spirit of the wealthy. That idea is aristocracy. Our nation is founded on the self-evident truth that aristocracy is a lie, and that powerful elites do not share their money, power, and privilege with the people. We now have a new aristocracy, created by transferring literally trillions of dollars in wealth to the wealthiest people in our society

Robert Mercer -Backer of Cruz

an example of how wealthy donors have been empowered by the Supreme Court’s 2010 decision in the landmark Citizens United case, which paved the way for super PACs. Unlike candidates, super PACs can accept unlimited amounts of money from individuals and corporations to support a candidate so long as they do not officially “coordinate” with the campaign.

GE Capital Retreat – NYTimes.com

“wholesale funding.” is industry parlance for borrowing in the markets, Lenders take the cheap, short-term money and lend it for higher rates to companies and individuals. in 2008 investors who lent in that short-term market fled, leaving the financial firms that borrowed there without funding. It was a Wall Street version of an old-fashioned bank run