What's Wrong with the Economy in 2:38 Minutes

Wed, 06/15/2011 - 13:51
Submitted by Betty Dodson

Robert Reich is my latest heart throb. This guy is so smart he can lay out America's financial problem in 2 and a half minutes. I've already sent him a love letter but since I didn't hear back, I'm gonna send another one.

Liberating women one orgasm at a time

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Hmmmm

Wed, 06/15/2011 - 14:56

Thank You for this. 

How will it all end?

Wed, 06/15/2011 - 19:22
Deera (not verified)

Thanks for this post.  I wonder how the super rich are going to maintain on increase their wealth with the middle class losing their purchasing power.  Who is going to buy all of the cheap shit from Walmart and who is going to support the constant turnover of electronic gadgets?  Maybe the rising middle classes in China and India can fund the US Super Rich.  It is a slave/master relationship.  The master can't live without the slaves and the slaves have become dependent on the master.
What is so sad is that humans have the technology and know-how to feed everyone, keep everyone healthy and to stop all of our needless procreation.  But because we are so damn hung up on whose god is better, whose dick is bigger and we are so goddamn afraid of a happy, orgasmic pussy that so many are suffering.
If only some of us could make do with less so that other could have the bare necessities.  I believe that if the fucking super rich paid their fair share, we had a national health system, got the hell out of these stupid wars we might stand a chance.  We should also throw in unlimited birth control, good sex-ed and some good porn and let the orgasms begin!

Thank you Deera. I'd say you summed up our problem

Wed, 06/15/2011 - 20:16

 under 2 and a half minutes with the following statement:
"Because we are so damn hung up on whose god is better, whose dick is
bigger and are so goddamn afraid of a happy, orgasmic pussy that so
many are suffering."
Yeah! You tell 'em sister!

That's His Solution?

Svetlana Ivanova's picture
Thu, 06/16/2011 - 23:00

Reich seems to have left out a dot. Apparently, lowering the top marginal tax rates has doubled the size of the economy. He doesn't include that dot in his diagram. Neither does Reich explain how reducing growth and, therefore, jobs by raising the top rates would  help the middle class.

Offshoring manufacturing jobs has had more to do with the decline of the middle class than lowering the top marginal rates has. Trying to tax the rich will simply lead to capital flight and more offshoring of jobs.

Eliminating regulations, except for consumer protection and worker safety, and reducing public debt and deficit spending so that the capital markets aren't dominated by government borrowing would do more to improve the economy than Reich's simplistic  "solution" of taxing the rich.

Amen to getting rid of those stupid wars. That would help reduce government spending and public debt (among other non-economic good things).

The Economy in 2.3 minutes

Wed, 07/06/2011 - 20:08
ozjohn39 (not verified)

I would LOVE to see these "20% own 40%" claims backed up with real verifiable data.

Often these claims go as high as 10% and 90%,  and always set off my BS detector.

The REAL reason most economies around the world are down the gurgler is that 'The People' are demanding ever more 'benefits' from ever less taxation. Ever less work for ever more pay,  and 'free' this and 'free' that.   And what the Government cannot or will not provide,  they get with borrowed money.
ALL with a balanced budget of course but who carse about that, the kids and grand kids will pay in due course!
44 MILLION on food stamps??  Most 'workers' not paying ANY (or very little) tax??
I have the solution!!!   Tax "the rich" at 100% and all the problems will be solved - ONCE!!!  The rich will stop producing, sell up, and MIGRATE!
The USA is in hock for US$14 TRILLION, and adding to it by US$1.6 trillion every year, year after year.
The sacred cows (benefits) are untouchable,  taxes are untouchable,  and someone says they can SOLVE it!!!!!
The world wide GFC is on the way, SOON  Global Financial COLLAPSE  that is.

ozjohn

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