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View Full Version : The Election 2012: It's Inequality, Stupid!



Gayle in MD
08-31-2012, 11:01 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"><span style='font-size: 14pt'>The Election Of 2012: It's Inequality, Stupid

Robert Reich



The most troubling economic trend facing America this Labor Day weekend is the increasing concentration of income, wealth, and political power at the very top -- among a handful of extraordinarily wealthy people -- and the steady decline of the great American middle class.

Inequality in America is at record levels. The 400 richest Americans now have more wealth than the bottom 150 million of us put together.

Republicans claim the rich are job creators. Nothing could be further from the truth. In order to create jobs, businesses need customers. But the rich spend only a small fraction of what they earn. They park most of it wherever around the world they can get the highest return.

The real job creators are the vast middle class, whose spending drives the economy and creates jobs.

But as the middle class's share of total income continues to drop, it cannot spend as much as before. Nor can most Americans borrow as they did before the crash of 2008 -- borrowing that temporarily masked their declining purchasing power.

As a result, businesses are reluctant to hire. This is the main reason why the recovery has been so anemic.

As wealth and income rise to the top, moreover, so does political power. The rich are able to entrench themselves by lowering their taxes, gaining special tax breaks (such as the "carried interest" loophole allowing private equity and hedge fund managers to treat their incomes as capital gains), and ensuring a steady flow of corporate welfare to their businesses (special breaks for oil and gas, big agriculture, big insurance, Big Pharma, and, of course, Wall Street).

All of this squeezes public budgets, corrupts government, and undermines our democracy. The issue isn't the size of our government; it's who our government is for. It has become less responsive to the needs of most citizens and more to the demands of a comparative few.

The Republican response -- as we saw dramatically articulated this past week in Tampa -- is to further reduce taxes on the rich, defund programs for the poor, fight unions, allow the median wage to continue to fall, and oppose any limits on campaign contributions or spending.

It does not take a great deal of brainpower to understand this strategy will lead to an even more lopsided economy, more entrenched wealth, and more corrupt democracy.

The question of the moment is whether next week President Obama will make a bold and powerful rejoinder. If he and the Democratic Party stand for anything, it must be to reverse this disastrous trend.


ROBERT B. REICH, Chancellor's Professor of Public Policy at the University of California at Berkeley, was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the last century. He has written thirteen books, including the best sellers "Aftershock" and "The Work of Nations." His latest is an e-book, "Beyond Outrage." He is also a founding editor of the American Prospect magazine and chairman of Common Cause.</span></div></div>


http://www.huffingtonpost.com/robert-reich/inequality-us-economy_b_1846119.html

llotter
08-31-2012, 01:46 PM
If the poor just study and work, they to can be rich, stop crying and become Republicans. There were many examples of that during the convention. The plan is to let them alone and they'll all become rich.

Or we can follow The Moron's plan and create an ever increasing number of poor dependents of their Nanny State so that they will continue voting for their masters. This plan leaves the masters in pretty good stead, not bad for them.

cushioncrawler
08-31-2012, 05:53 PM
If mitt wins theusofa will die.
If obama wins theusof might get better but will allways be sickly.
Koz krappynomicysts are patiently waiting for their cue.
mac.

Gayle in MD
08-31-2012, 06:04 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">If mitt wins theusofa will die.
If obama wins theusof might get better but will allways be sickly.
Koz krappynomicysts are patiently waiting for their cue.
mac. </div></div>

You are right Mac.

Romney, and the Republican majority, is the absolute worst thing that could happen in or country, for a whole range of reasons.

One good example of this, happened last night, when Romney made what he thought was a joke on the president, about "Obama primises to lower the level of the oceans...."

All of the totally ignorant righties n the audience thought that was real funny! Here they were just having missed a disaster in Tampa, with pictures of the high water In N.O. levies breaking, houses under water...and this idiot is making a "Joke" about President Obama's efforts to make progress in addressing the threat of climate change...high water levels in the oceans around the world...we're watching the coming climate disaster, and Romney thinks it's funny!@


We will be sunk, if Romney wins!

The lies last night were stunning! shows just how completely ignorant RWers really are! Stunning!

G.

Sid_Vicious
08-31-2012, 06:34 PM
Reminds me of a guy named George Bush.


<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">If mitt wins theusofa will die.
If obama wins theusof might get better but will allways be sickly.
Koz krappynomicysts are patiently waiting for their cue.
mac. </div></div>

You are right Mac.

Romney, and the Republican majority, is the absolute worst thing that could happen in or country, for a whole range of reasons.

One good example of this, happened last night, when Romney made what he thought was a joke on the president, about "Obama primises to lower the level of the oceans...."

All of the totally ignorant righties n the audience thought that was real funny! Here they were just having missed a disaster in Tampa, with pictures of the high water In N.O. levies breaking, houses under water...and this idiot is making a "Joke" about President Obama's efforts to make progress in addressing the threat of climate change...high water levels in the oceans around the world...we're watching the coming climate disaster, and Romney thinks it's funny!@


We will be sunk, if Romney wins!

The lies last night were stunning! shows just how completely ignorant RWers really are! Stunning!

G. </div></div>

cushioncrawler
08-31-2012, 06:54 PM
We karnt expekt obama to save the usofa singlehanded. We karnt expekt obama to realize that krappynomicysts are toxik. In the end it iz congress that will fix or kill theusofa. Who out there thinx that congress will fix. Anybody, somebody, onebody, nobody.
mac.