Tuesday, June 14, 2011

A Republican Economy

This is a Republican economy. This is the economy they wanted.

This is where the money is going.

The money that would have hired people and created jobs and got money flowing through this economy to pay the mortgages and the grocery bills and the gas bill and the electricity and the middle class taxes, is instead being fed to the executive suite. This has been the pattern for the past few decades, and that is why the economy is flat.

How the Rich Became the Uber Rich (but no explanation about how we helped them to it.)

How the Middle Class Became the Underclass (but no explanation of how we voted for this to happen.)

The point is it's all driven by public policy, which is driven by money in politics, which was re-legalized by Republican appointees to the Supreme Court, who pushed every single de-regulation they could, which the super-rich demanded and paid for with campaign contributions and extortion tactics, it also got us a free predatory economy which the rich also wanted, which plundered working Americans' savings, which made the economy more unstable, which led to the financial collapse of 2008.

Are you happy now? Reagan's dreams have come true. The Republicans are ecstatic.

If you want evidence that the very very very rich are in control. Look at spending.

And do they have to carry their share of the load? No. Their money gives them license to evade taxes, and the middle class can't continue picking up the slack, which is why we have a deficit, which is why they'd like us to profitize Medicare and Social Security. Which would make things infinitely worse. Is this a solution?

Instead of listening to the attractive, expensively dressed "reporter" on some market-watch program, who probably gets his or her "scoops" by buying lunches for Wall Streeters, listen to a Pulitzer Prize-winning reporter who's covered this story honestly and aggressively for decades.

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Blogger marc said...

for what is "buying lunch" a euphemism

11:42 AM  
Blogger pasquino said...

Sex, you mean? It may be only adoration and flattery. There is a symbiotic relationship, a vendor/client relationship between financial reporters and financiers. It's unhealthy for the rest of us.

11:51 AM  
Blogger marc said...

You are correct, I was just making a snarky joke.

I think it's a matter of adoration and sucking up as you say. There was a great article which I cannot find which talks about why nobody gives sell recommendations. Ann Manning gave me your url at http://www.netrootsnation.org/node/1685

I don't blog much but read a lot and tweet the interesting ones.


12:47 PM  

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