The Truth About the Economy

Padawanbater2 · Aug 26, 2015

1. Economy doubles since 1980, but wages flat. Where did the money go?
2. All gains from the economy go to the super rich. And...
3. With money comes political power. Taxes on super rich slashed, revenues evaporate, this leads to...
4. Huge budget deficits. Middle class agitated, fight for scraps
5. Middle class divided. Buying and borrowing slow, resulting in...
6. Anemic recovery.

https://www.facebook.com/RBReich?fref=nf

abandonconflict · Aug 26, 2015

Therefore vote Democrat?

Padawanbater2 · Aug 26, 2015

abandonconflict said:
Therefore vote Democrat?

Vote for who you believe will best represent your ideals in government

abandonconflict · Aug 26, 2015

Padawanbater2 said:
Vote for who you believe will best represent your ideals in government

My point is that he is to blame as much as anyone.

bluerock · Aug 26, 2015

The truth about the economy is simple: the cyclical bull is over and the secular bear is back on. No amount of wealth redistribution, or lack thereof, is going to change a damned thing. Cycles run their course without regard for politics.

Padawanbater2 · Aug 26, 2015

abandonconflict said:
My point is that he is to blame as much as anyone.

Who is?

Harrekin · Aug 27, 2015

The economy is in the shitter, propped up only by global quantative easing (which by the way is something applauded by the left).

When that house of cards falls...

schuylaar · Aug 27, 2015

bluerock said:
The truth about the economy is simple: the cyclical bull is over and the secular bear is back on. No amount of wealth redistribution, or lack thereof, is going to change a damned thing. Cycles run their course without regard for politics.

Can rats beat professional stock brokers on Wall Street? :lol:

https://www.reddit.com/r/askscience/comments/2vnt2o/can_rats_beat_professional_stock_brokers_on_wall/

ttystikk · Aug 27, 2015

Padawanbater2 said:
1. Economy doubles since 1980, but wages flat. Where did the money go?
2. All gains from the economy go to the super rich. And...
3. With money comes political power. Taxes on super rich slashed, revenues evaporate, this leads to...
4. Huge budget deficits. Middle class agitated, fight for scraps
5. Middle class divided. Buying and borrowing slow, resulting in...
6. Anemic recovery.
https://www.facebook.com/RBReich?fref=nf

My favorite economist- even if he comes up a bit short on podium issues, lol

Seriously, we badly need him to help cut through the 'complexity' if the current situation and explain what's happened to the American system IN THE SIMPLEST TERMS POSSIBLE, so that even people who habitually disagree with anything a liberal might say out of hand can hear it and see themselves getting screwed just as badly as everyone else in the middle classes.

ttystikk · Aug 27, 2015

bluerock said:
The truth about the economy is simple: the cyclical bull is over and the secular bear is back on. No amount of wealth redistribution, or lack thereof, is going to change a damned thing. Cycles run their course without regard for politics.

Straight bullshit. Not sure who told you that, but this is a perspective skewed towards the status quo and the rich who want it to stay this way.

Otherwise, I want to hear how you think it would work.

ttystikk · Aug 27, 2015

Harrekin said:
The economy is in the shitter, propped up only by global quantative easing (which by the way is something applauded by the left).

When that house of cards falls...

I'll be damned. We actually agree on something significant.

Rob Roy · Aug 27, 2015

Padawanbater2 said:
Vote for who you believe will best represent your ideals in government

If government arises from coercion (and it does) and you think as an individual using coercion based means is wrong, how will voting for anyone that uses those same coercion based means advance your ideals?

abandonconflict · Aug 27, 2015

Padawanbater2 said:
Who is?

Reich.

He was Clinton's finance guru, right? They gutted SS in order to balance the budget when all they had to do was cut the pentagon. Seeing as how the cold war had just ended, they could have covered everything with pentagon cuts, instead they made much smaller cuts to the pentagon and gutted SS in order to create a budget surplus. That is the surplus that the dems have been waving around as (admittedly legit) proof that they are better than the pubs. Being better than the pubs doesn't make them blameless.

Top that off with the repeal of Glass-Steagall.

ttystikk · Aug 27, 2015

abandonconflict said:
Reich.

He was Clinton's finance guru, right? They gutted SS in order to balance the budget when all they had to do was cut the pentagon. Seeing as how the cold war had just ended, they could have covered everything with pentagon cuts, instead they made much smaller cuts to the pentagon and gutted SS in order to create a budget surplus. That is the surplus that the dems have been waving around as (admittedly legit) proof that they are better than the pubs. Being better than the pubs doesn't make them blameless.

Top that off with the repeal of Glass-Steagall.

AGREED, on all counts. That's why I'm not voting for her.

Bernie Sanders in '16, because we actually DO have better things to spend a trillion dollars on than more wars, more weapons and more tax cuts for the already stupid rich, yet still greedy.

Balzac89 · Aug 27, 2015

Therefore fuck the government. Cut them out.

Voting doesn't change shit

ttystikk · Aug 27, 2015

Balzac89 said:
Therefore fuck the government. Cut them out.

Voting doesn't change shit

Voting is about the only thing that still will, unless you want to believe the überclass' own propaganda.

Funny, THEY all seem to vote...

Balzac89 · Aug 27, 2015

Popular opinion is the only thing that changes the world. And popular opinion is controlled by the media.

And media is controlled by the uber wealthy.

uber wealthy control everything.

ttystikk · Aug 27, 2015

Balzac89 said:
Popular opinion is the only thing that changes the world. And popular opinion is controlled by the media.

And media is controlled by the uber wealthy.

uber wealthy control everything.

Except US. You can be as pessimistic as you want and all you're doing is shooting your own future in the ass. Soooooo, get up off your ass and get involved!

I went to a Bernie Sanders meet up last night and in spite of the fact that the elections are over a year off- and even the primaries are six months away- the room was full. And they weren't professional activist types- they were professionals with families, not exactly bored with nothing better to do with their time.

Harrekin · Aug 28, 2015

ttystikk said:
Except US. You can be as pessimistic as you want and all you're doing is shooting your own future in the ass. Soooooo, get up off your ass and get involved!

I went to a Bernie Sanders meet up last night and in spite of the fact that the elections are over a year off- and even the primaries are six months away- the room was full. And they weren't professional activist types- they were professionals with families, not exactly bored with nothing better to do with their time.

Anecdotal.

MuyLocoNC · Aug 28, 2015

Even if you could sieze all the assets of the 400 richest citizens, you would net about $2.29 trillion. Our debt is around $18 trillion with somewhere in the vicinity of $100 trillion in unfunded liabilities.

You're debating how to put out the campfire, while the cabin is burning down right behind you. You might not want to elect the guy holding the can of gasoline telling you he has the answer in hand. Just a thought.

The answer to fixing problems that arose from abandoning the constraints of the Constitution isn't to double down on stupidity.

The Truth About the Economy

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