BoJester

In the opinion of many economists and realists, simple facts about the current economy and three fundemental reasons for it's sluggishness.

And all three are directly caused by failed conservative policy.

The article reflects on who the REAL job creators are, the fallacy of low taxes on the wealthy, and the consolidation of wealth for the few.

Read the article and then weep for country and the oppression of conservative economic policy that ALWAYS fails.



http://www.freep.com/article/20140213/OPINION05/302130018

DASHY

It is hard to dispute Mr. Reich's view of the current state of our union when we have history to look to for verification. It is just too difficult for too many of us to admit that the current conservative economic policy is failing to provide the growth and jobs we all keep whining about. Let's go back and read our history books, stop the constant bickering and pretend we actually care about the welfare of all Americans.

SchoonerPete

Robert B. Reich is a socialist, and he is all wet in his theories. It is his theories that have created the current stagnant economy led by the inept, incompetent, serial liar Barack Obama.

Here are some links debunking Robert Reich's socialist theories and opinion.

http://thomasquinlan.com/2011/09/debunking-robert-reichs-debunking-of-six-lies/

And, refuting Robert Reich. Seven tired left-wing arguments and why they fail.

http://www.frontpagemag.com/2014/arnold-ahlert/refuting-robert-reich/

This economy is the creation of the Democrats, and the left, not Bush:

1. The Democrats created the housing bubble, and Sen Dodd filibustered a bill by the Repubs that would have reined in Fannie Mae and Freddie Mac.

2. There was NO banking deregulation, that is a myth perpetrated by the left.

3. Obama signed a $8.65 billion stimulus package that was supposed to create jobs, instead it was nothing more than a payoff to crony Democrats and the unions.

4. Obama raised taxes, and increased government regulations. Case in point, destruction of the coal industry, and newly restrictive EPA regulations. And, then there is the job k*****g and budget breaking Obamacare bill.

5. Obama has run up more debt than any President in history...and, he isn't done. More more money comes out of the government coffers to pay the interest on that debt.

6. Government entitlements have exploded under Obama.

7. Lastly, as we age we spend less. The 60s hippies and lefties decided against child bearing (more a******n, etc) and thus we have an aging population that spends less. This alone will keep this economy stagnant for years to come.

Floyd Brown Loc: Milwaukee WI

Just how does more money in fewer hands been helping our economy?

Why do so many feel that the few getting even more going to make things better?

BoJester

Don't ask him, he is brainless as well as clueless. And he isn't even rich. Which makes him a bigger fool than ever.

LAPhil Loc: Los Angeles, CA

You want to see who's rich? Note that 8 of these 9 are Democrats:
http://www.therichest.com/rich-list/nation/the-wealthiest-congresswomen-in-the-united-states/

emarine

You may want to read this twice...http://moneymorning.com/2009/01/13/deregulation-financial-crisis/

saveamerica Loc: Texas

You got to quit reading all this C*******t crap, it's screwing up your brain. Here let me help.
First off it not a conservative thing. Bo, it's a government thing and it's been going on sense Clinton. When the U.S. government forces American companies out of U.S. to foreign countries like China because, of the products they make, is the results of the EPA regulation. Also, U.S. government will Pay American companies to move out of the U.S. to China and then you have the ones that TAXES are too high to make a profit. What most people don't know is our own government has been reducing jobs and so has Obama. Obama, keep shutting down companies like Coal, Oil, every chance he gets and Obama uses the EPA and regulation to do so. So for this year, Obama has decrease jobs by 10,000 and a little over half are from the coal industry. These jobs are gone and will not be replace.
To have a strong America we have to bring jobs back to America so we can put people back to work, we don't need to help China any longer, we need to help America. It is going to take a lot of work so they will move back. You get the right person to be President and the U.S. can have more jobs than workers and unemployment could be as low as 2% but, that is where we are. We have somewhere around 35% to 40% unemployment and it could be even higher. We have 92,000,000 people out of the work force. I can remember under Reagan companies where paying over minimum wage to get worker in their doors, the labor force was so tight it was tough to keep workers and a lot of them were changing jobs a lot for higher pay.

AuH2O Jr.

That article was a joke, and only one part of it was true. That one part that was true was that consumers are the job creators. But this is axiomatic in any free market. But we don't have a free market.

Just so you know, Robert Reich isn't a trusted economist. He's just pushing his failed ideas.

What I'm really surprised at is that he happened to leave out the Gilded Age in which we had the greatest economic growth in World History. People gained bigger wages, lived longer, and the nation did better. Not to mention that there was no income tax and so the rich didn't pay for infrastructure and etc that he mentions.

LAPhil Loc: Los Angeles, CA

Your numbers are a little inflated, but you're right in priniciple. I would add Obama's refusal to approve the Keystone Pipeline as one of the detriments to our potential economic growth.

Floyd Brown Loc: Milwaukee WI

Yes the days of sweat shops, child labor, long hours low pay.

I guess any one would just die to go back to those days.

But what gets me is why they would be so sure that they would end up living on the right side of the tracks.

trucksterbud

A lesson for any with questions in their head, the growth spurt was in part due to the fact that after WWII, the economy was run by many many small and large businesses. In the Reagan years, there were as many backdoor deals as any administration, but the Pres and congress kept the people happy with the VALUE in the dollar. It wasn't until the Early Bush years that the real devaluation of the dollar took place. Don't believe me..?? Go back and look at prices for consumer products through the years - bread, meat, gasoline, diesel, cars, homes - and you will find a sharp uptick in the price line about 1991. Clinton years forward has been the most devastating to the working class as we now have an entitlement minded group in Washington, District of Criminals who SERIOUSLY believe that the answer to anything is BIGGER GOVERNMENT - which is not really a government at all but a shadow regime run by some very evil and greedy people. These people need to be arrested and charged with "Crimes Against Humanity" as any dictator who saw to the slaughter of his own people would have done to him..

No, its about the UNITED STATES INCORPORATED and the ruling elite who both control the world, and the economy/money supply.

Check the links below to get your eyes opened.

www.UNITEDSTATESINCORPORATED.com
www.CAFR1.com
http://svpvril.com/irs_dm_bc.htm
www.chicagolies.com

JimMe

So... Since 2009, the Dems have controlled the Presidency & the Senate & with Rinos in the House have gotten virtually EVERYTHING THEY'VE WANTED... So, if the Top 1% got 90% of the Economic Gains, WHO'S TO BLAME?!?

Theimpeacher

As long as Obama is in office, this country will not know anything but financial depression. What he and Michelle spend on vacations alone is just one thing that proves greed and arrogance and the way they really feel about this country. How can this country improve when we have a president that steals from the pot? He has no respect for our hard working taxpayers. Instead, he gives our monies to damn foreigners. They pay NO taxes, get free housing, free medical, free schooling, and can't speak English. He takes our jobs and replaces them with the foreigners. How will we ever get ahead when Obama brings millions of freeloaders in our country....we have more thn enough already. And another thing is they're not investigated to see if they're sex offenders or k**lers. This is the piece of cr-- you v**ed in as presidente. Thanks!