A Blank Spot on the Map

Saturday, December 01, 2012



No, that is wrong. Spending increases do NOT explain the debt. THEY JUST DON'T. That is a fact. Most of it is from the Reagan and Bush Tax cuts and the ongoing recession. Remember we HASD a surplus projected to pay off the debt and Alan Greenspan said we couldn't let that happen. We need to focus on getting people back to work. To do that we need to understand why corporate profits are at record levels and why corporations have $1.5 trillion dollars of excess capital and yet they are not investing or hiring. Don't you agree the system is broke if corporations can make record profits without hiring up? Our trade imbalance and tax incentives to offshore production are the biggest problem.... no wait the biggest problem is that our politicians are focusing on spending and not jobs. They are putting politics before the needs of people. The corporations are doing well with the stalemate. that is undeniable. The republicans are facilitating their corp
orate bosses. If you get people jobs welfare and unemployment spending goes down and taxes paid by new workers goes up and the problem is solved without telling your children they have to retire at 80 years of age. What is killing this country is the ignorance and apathy of both the voting people and the politicians they elect. Also, propaganda promoted by Republicans via their right wing media outlets has been very successful in deceiving people who never bother to listen to both sides. The economics profession is guilty of the most massive professional fraud ever foisted on civilization with their supply side doctrine. The economy runs on demand not supply. Get good middle class jobs and the economy will boom. But supply side economics benefits only those on top and that is why they promote it.

Short Economic History of the United States

Here is the short history on our economy that says you supply siders are all wrong. 1920's laissez faire economy leads to huge income inequality and the Great Depression (with Republicans in charge), 1933 to 1980 FDR/democratic demand side economic policy dominant. Income inequality at a minimum, massive economic growth, massive expansion of the middle class, resolve WW2 in less than 4 years, invent the bomb , send a man to the moon and build Hoover dam... 1980 to present Reagan, Thatcher , Milton Friedman Supply side trickle down BS with Republican policy dominating and income and wealth inequality SKYROCKETS and here we are in the second worst recession/ economy of our modern history. Again lead into by republican policy. Again... corporate profits are AT RECORD HIGH and they are not hiring... supply side DOES NOT WORK! They are not hiring because middle class people have no jobs or money to spend to create the demand for them to invest. All that wealth is sucking out free money from the government and strangling it. It continues to grow record profits with out doing anything productive and without investing in our country or hiring workers. This is a failure of republican supply side economics policy. Republicans have a problem with minorities, immigrants and others but in the long run they will fail because of their failed economics. When the rest of the country understands that after going through some very very hard economic times the republicans will be vanquished to the history books as one more failed party. NONE of you can refute this history with any logical rebuttal that supports your position and is based on the facts. I used to vote republican but then I looked at the facts. I've debated and studied this for too long. YOU guys are mis-informed and your ignorance of how the economy really works will cause long term damage to our country over the next several decades... it already has but apparently we are going to have to hit rock bottom for the public to understand that maybe they should be voting not their hatred but on a reality based approach to the economy and their children and country's long term future.