Mitt Romney isn’t a bad guy because he was born with a silver spoon in his mouth. Mitt Romney isn’t a bad candidate for president because he is a multimillionaire with three large homes. We the people have enjoyed the results of successful presidents from many points in the American spectrum; rich, poor, and middle of the road. The problem for Mitt Romney the candidate, is that he does represent the kind of business that has nearly destroyed our way of life, and did destroy the lives of millions of our fellows.
Read the rest of this entry »Archive for the 'Economics' Category
Debt Tragedy Explodes, Godzilla Feared Next!
John had been working for a large plumbing contractor that offered good insurance and a strong wage, but in 2008, he inexplicably chose to be laid off. When reached for comment, Mitt Romney remembered, “Back when I was a younger man, I was afraid of the pink slip, but when my boss came to lay me off, I just said no thank you, and went back to work. Later at the club, when my boss and my Dad were talking business, Dad cleared the matter up, and I was able to return to a more normal existence. John Everyman had his chance, he had his choice, and he chose to be laid off.
Read the rest of this entry »The Uncommon Sense Of Austerity
What our democracy is telling us, via historic and current reporting of financial data, is that fiscal austerity is uncommon sense. The short terms challenge to fiscal stability is the jobs deficit, not the budget deficit. The jobs deficit means consumers have less money to buy the goods and services of businesses big and small. The jobs deficit and massive top-end tax cuts are the reasons revenues have fallen.
Read the rest of this entry »What Is A Pro-Growth Strategy?
Saint Ronnie the Gipper slashed taxes in the 80′s, and the result was lower growth than in the 70′s. W. slashed taxes in the first decade of this century, and the result was the lowest growth since the 1930′s. The greatest growth happened in the second half of the 30′s (under FDR’s New Deal), in the 40′s (during the War Effort), and in the 50′s. Those three stretches are characterized by growing income equality; the 21st Century version of America is characterized by growing income inequality.
Read the rest of this entry »The Economic Rights Of The Many
We have worked hard to “improve” the business climate in America since 1980; how is that working out in your community? We have worked hard to “improve” the incentives to become rich since 1980; has that created more opportunity for you and your family? When intellectual grave-robbers like Art Laffer and Alan Greenspan sold Ronald Reagan (and 55% of the rest of us) supply-side economics, the pitch was simple; the rewards earned due to lower taxes on the wealthy and large corporations would “trickle-down” into the economy at large.
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