Seriously ... I want to just get on with the class war. It's not like the wealthy haven't been waging war on the middle classes and the working classes for the last 100 years. It's time for us to start fighting back.
so many in the Middle class and the working class are willing to tolerate it . . . .with the idea that one day they will be on the otherside of it [regardless of the facts that it is the reason they will never be on the other side. ] Rocket River
The funny thing is, when we had much higher tax rates, people were still able to get rich. They did just that, but we used their tax money to build the world's greatest infrastructure, the worlds greatest educational system, and do great things like putting men on the Moon. Then, we actually took Reagan seriously.
Ron Paul rips Paul Krugman: "I pray every night his views would just disappear." <object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/HF_SaOnZa9M?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/HF_SaOnZa9M?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object> <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/gYTjiIm4h_Q?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/gYTjiIm4h_Q?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
"I think Ronald Reagan changed the trajectory of America in a way that Richard Nixon did not and in a way that Bill Clinton did not. He put us on a fundamentally different path because the country was ready for it. I think they felt like with all the excesses of the 1960s and 1970s and government had grown and grown but there wasn't much sense of accountability in terms of how it was operating. I think people, he just tapped into what people were already feeling, which was we want clarity we want optimism, we want a return to that sense of dynamism and entrepreneurship that had been missing." -Barack Obama
The wealthy always try to grab more, but it has only been in the last 30 years that we have the perfect storm of conservative media, sophisticated pr, focus groups and propaganda, the slicing and dicing of the working class to keep them voting on the basis of abortion, guns etc and for the economic interests of the wealthy. Well it is time for our side to join the class war. However we have our fifth columnists and we are divided. See the above working class folks who side with the Walton family and top folks. In 1980 the upper 1 perent had something like 9 percent of the income now it is 24.9 percent and growing. How much higher percent do we need for the top 1 percent till it starts trickling down?
I read the article a few times and I did not see the term "urgently" in it. where does he say we 'urgently' need another stimulus?
Benanke is a central banker, a globalist, a debt merchant. He would make the same decisions whether he claimed to be a republican or democrat. He will be sipping cocktails at a nice resort 5 yrs from now while the American middle class will be suffering more than ever if not wrecked. Bankers make money by lending. Central banks create fiat currency which are debt notes and then book the interest through member banks. Stimulus is just another word for economic slavery. We need wealth creation through industry, work, asset and value creation. You cannot borrow your way out of debt and this has been the most extreme effort to do so in history. We are going to pay the price until an emerging economy can take our place. I give it 5-10 yrs max.
Unfortunately for you, history is even more unkind on the thesis that you can save your way to prosperity.
Now our government is too poor, but cheers we have lots of billionaires and hedge fund managers investing in exotic financial instruments and overseas investments. Besides we could still have trickle down if we would just follow Ron Paul the great economist/thinker.
White people were still upset over civil rights and Reagan did not hesitate to use thinly veiled code words. The religious right was just coalescing, with the Moral Majority and the politico preacher Pat Robertson, the son of a GOP senator leading the charge, Jerry Falwell. I think Ronnie made a few remarks about abortion that led them to believe he and Nancy the old Hollywood couple were their kin. I agree Reagan was a catalyst but the corporate right had already started to invest heavily in think tanks and focus groups to feed to the
When the world's economic systems are falling apart all around us, that means the way of thinking about economics that lead us to this point isn't good.
That would be true if he was dictator and full control of everything needed to create employment. But since he doesn't, and correlation doesn't equal causality, this is a silly way to judge him. The standard to judge Bernanke by would be whether things would be better or worse under a different philosophy. If unemployment would be 15%, then Bernanke's been very successful. If it would be 5%, then he's failed miserably.
QUESTION: What country has the BEST Economy in the world, at this moment? What country has the most stable and consistant economy? [are they one and the same?] Last Question: What are they doing that we are not? Rocket River
Actually, not at a individual level. Saving is the best way to prosperity for most, which is why people don't understand the debt our nation carries. It would help our nation to pay off that debt, but not at the cost of wreaking the economy and all. Just like if you owed a lot of money, you wouldn't pay back your debt in a way that would say prevent you from paying for a car repair to get to work or whatever. The problem is gov't spending, it's been reckless gov't spending combined with irresponsible tax cuts. Once you start wars and cut taxes, you are committing us to a mess and that's what we got. Reversing that isn't easy and to some degree, people can't really complain. Everyone wanted the tax cuts and support for the wars was very high amongst the American public. So the public supported creating this fiscal crisis. Now the public has to deal with the consequences. Yell at Republicans or Democrats all everyone wants to, but this one should be blamed on the American people because it's they who supported the decisions that put us in this position.
I just think the title of a thread should accurately reflect the gist of the article. Urgently implies that this has to happen now. Considering he continues to suggest it, you would think he would say "It is urgent that we do this" it it were truly "urgent".
