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Post by aztec70 on Jun 12, 2012 17:23:07 GMT -8
robertreich.org/Idiot conservatives will say that if the rich would just have more tax breaks it will all get better.  I will say it again. Idiot conservatives.
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Post by AlwaysAnAztec on Jun 13, 2012 9:46:30 GMT -8
Great article. The 1% will NEVER be able to spend enough to make up for what the middle class is no longer spending. Too bad the goal of the people who really run the Republican party (Koch, etc) is to eliminate the middle class.
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Post by sdsustoner on Jun 15, 2012 17:16:46 GMT -8
AlwaysAnAztec:
That's not true. They also want to starve the gov funds enough to eliminate any and all gov spending outside military, which they seemingly seek to always want to increase. And then turn around and say we need to spend more wisely.
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Post by oxymoron on Jun 15, 2012 19:44:02 GMT -8
Great article. The 1% will NEVER be able to spend enough to make up for what the middle class is no longer spending. Too bad the goal of the people who really run the Republican party (Koch, etc) is to eliminate the middle class. definitely right. |
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Post by aztecwin on Jun 16, 2012 5:59:05 GMT -8
robertreich.org/Idiot conservatives will say that if the rich would just have more tax breaks it will all get better. I will say it again. Idiot conservatives. The real idiot is the person who posted a link to to top of a blog that now has us reading about the probable overturning of ObamaKare. If I were to fall into the simple minded tactic of attacking the author and refusing to read what he says and believes, it would be so =short. Reich is obviously very accomplished, but has just fell on the wrong side of Economic theory. Tearing down the rich, who are the source of lots of Capital, is no way to improve the lot of the rest of us. You have to put in place policy that will inspire investment with a reasonable expectation of a return on that investment. |
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Post by Deleted on Jun 16, 2012 5:59:34 GMT -8
What RR says is true, however , it is only part of a very complex problem. Globalization , technology, banking etc. all play a part.
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Post by aztecwin on Jun 16, 2012 6:04:47 GMT -8
What RR says is true, however , it is only part of a very complex problem. Globalization , technology, banking etc. all play a part. Getting closer. We are now in a global economy and we can not insulate ourselves from the rest of the world nor will tearing down the domestic sources of capital make any positive impact. |
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Post by aztecsrule72001 on Jun 19, 2012 14:48:12 GMT -8
robertreich.org/Idiot conservatives will say that if the rich would just have more tax breaks it will all get better. I will say it again. Idiot conservatives. The real idiot is the person who posted a link to to top of a blog that now has us reading about the probable overturning of ObamaKare. If I were to fall into the simple minded tactic of attacking the author and refusing to read what he says and believes, it would be so =short. Reich is obviously very accomplished, but has just fell on the wrong side of Economic theory. Tearing down the rich, who are the source of lots of Capital, is no way to improve the lot of the rest of us. You have to put in place policy that will inspire investment with a reasonable expectation of a return on that investment. Seriously is it that hard to post the link to the actual blog post? I think he's referring to this one but I'm an idiot conservative so who knows robertreich.org/post/24974761785 |
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Post by aztecsrule72001 on Jun 19, 2012 15:11:08 GMT -8
As for the article I disagree with RR, he thinks the problem is lack of consumption by the middle class, I think the problem is lack of production. Our wealth of late has been built on consumerism/debt (fake wealth), the foundation of this country's wealth was built on production/savings (real wealth).
I already pointed to the decline of median income in the thread I started a while back, RR thinks this was caused by globalization/automation (production doubled between the 1950s and the mid 1960s, this was the period RR cited as our greatest boom) and lack of bargaining strength but ignores the impact that inflation has had on these families.
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