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Kamala Harris, reparations, and guaranteed income Did Mudboy Slim finally kill this place? "Why Young Americans Are Not Taught about Evil" "New Rules For Radicals — How To Reinvent Kamala Harris" "Harris’ problem: She’s a complete phony" Hurricane Beryl strikes Bay City (TX) Who Is ‘Destroying Democracy In Darkness?’ ‘Kamalanomics’ is just ‘Bidenomics’ but dumber Even The Washington Post Says Kamala's 'Price Control' Plan is 'Communist' Arthur Ray Hines, "Sneakypete", has passed away. No righT ... for me To hear --- whaT you say ! "Walz’s Fellow Guardsmen Set the Record Straight on Veep Candidate’s Military Career: ‘He Bailed Out’ " "Kamala Harris Selects Progressive Minnesota Governor Tim Walz as Running Mate" "The Teleprompter Campaign" Good Riddance to Ismail Haniyeh "Pagans in Paris" "Liberal groupthink makes American life creepy and could cost Democrats the election". 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Protest and Clashes outside Trump's Bronx Rally in Crotona Park Netanyahu Issues Warning To US Leaders Over ICC Arrest Warrants: 'You're Next' Will it ever end? Did Pope Francis Just Call Jesus a Liar? Climate: The Movie (The Cold Truth) Updated 4K version There can never be peace on Earth for as long as Islamic Sharia exists The Victims of Benny Hinn: 30 Years of Spiritual Deception. Trump Is Planning to Send Kill Teams to Mexico to Take Out Cartel Leaders The Great Falling Away in the Church is Here | Tim Dilena How Ridiculous? Blade-Less Swiss Army Knife Debuts As Weapon Laws Tighten Status: Not Logged In; Sign In Economy See other Economy Articles Title: Rich People Create Jobs! And five other myths that must die for our economy to live Source: Mother Jones URL Source: http://motherjones.com/politics/2011/10/rich-people-dont-create-jobs Published: Dec 26, 2011 Author: Kevin Drum Post Date: 2012-01-26 13:09:11 by lucysmom Keywords: None Views: 2586 Comments: 5 In the movie Groundhog Day, Bill Murray's character is forced to relive a single day over and over and over—waking up to the same song every morning, meeting the same people, having the same conversations—until, after thousands of repetitions, he finally realizes what a shmo he's been his entire life. With that epiphany, the calendar starts to flip forward again. His life reboots, and he once again gets to hear new songs, meet new people, and have entirely new conversations. When it comes to the economy, we're stuck in our own version of Groundhog Day—and this one doesn't seem to be coming to an end. America is in a deep and persistent slump, and unemployment is mired at more than 9 percent. Yet when you turn on the TV, all you hear are the same manufactured sound bites delivered in the same apocalyptic tones from the same pack of talking heads—over and over and over. Groundhog Day has turned into the eighth circle of hell. Like the charts in this story? Get more info on them or check out these 12 charts exposing the dirty secrets of the jobless recovery. Unfortunately, these zombie talking points aren't just wrong; they're dangerous. If we're ever going to revive the economy, we've got to tackle them head on. Here are six of the worst. Myth #1: The stimulus failed. Click for Full Text! Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: Not Badeye, A K A Stone, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, mininggold, brian s, mcgowanjm (#0) Myth #3: Lower taxes are the best way to grow the economy. There's no greater orthodoxy in the Republican Party than unconditional fealty to tax cuts. In a recent GOP debate, when the candidates were asked whether they'd walk away from a deficit deal that included just $1 in tax increases for every $10 in spending cuts, every single hand shot up. Amazing! Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul lucysmom  posted on  2012-01-26   13:12:33 ET  Reply   Trace   Private Reply   #2. To: lucysmom (#0) Myth #1: The stimulus failed. How about 'trickle down'. Let's get that one buried along with it's advocates. Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET mininggold  posted on  2012-01-26   13:14:06 ET  Reply   Trace   Private Reply   #3. To: mininggold (#2) How about 'trickle down'. Let's get that one buried along with it's advocates. That's covered in Myth #6: If you unshackle the rich, they'll rev up the economy. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul lucysmom  posted on  2012-01-26   13:47:27 ET  Reply   Trace   Private Reply   #4. To: lucysmom (#3) That's covered in Myth #6: If you unshackle the rich, they'll rev up the economy. The rich seem plenty unshackled in my area and yet they seem to have become hoarders. They say it's because of 'uncertainty' and regulations. Most of which they caused or directly created. Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET mininggold  posted on  2012-01-26   13:51:50 ET  Reply   Trace   Private Reply   #5. To: mininggold (#4) They say it's because of 'uncertainty' and regulations. Most of which they caused or directly created. Remember when the wealthy claimed they deserved their rich rewards because they were the risk-takers? Now the sensitive creators in the free market need to be coddled and made to feel secure before they rain down blessings on us poor, unworthy folk. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul lucysmom  posted on  2012-01-26   14:15:25 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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