Monday, August 15, 2011

Today's Must-Read

From the Wall Street Journal there's this interview with economist Nouriel Roubini. Roubini places blame for this economy squarely on George Bush and Republican policies:

This morning's must-read is an excellent Warren Buffett piece in the New York Times. Buffett has been saying the same thing for several years, that our tax policies coddle the rich and punish working people. Tax the rich fairly, as Eisenhower did, or even as gently as Reagan did, and goodbye deficit. A fair policy would prevent a second recession, but a second recession is exactly what the Republicans want. More people ought to be saying this out loud.

I've said it before: the engine of our economy isn't the rich, the so-called "job creators" who aren't creating any jobs. The engine of any economy is the working men and women, the people who work and earn paychecks that they spend on groceries and mortgages, cars, new refrigerators, new clothes, on goods and services.

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