Reich Connects the Economic Dots.mov

[MrGidderz]

America needs higher taxes for the rich but tax cuts for the middle classes and an improved education system and as a European I recommend a good health system ;)

[justgivemethetruth]

We are being social engineered by the very very wealthy through corporate vision of regimentation. The people of this country do not deserve this disenfranchisement and marginalization.

[justgivemethetruth]

I wish this guy was in the White House, he gets it, he can explain it, and he knows what to do about it ... the perfect combination for leadership in America!

[bobjenz]

Awesome...

[JEFF9K]

All these problems could be solved by not electing Republicans.

[korn1536]

@JEFF9K Close...all of these problems could be avoided by not electing Republicans or Democrats (especially Democrats) but instead Libertarians, the only party that understands real economics.

[korn1536]

By the way, he's completely wrong. Graduating as a business economist myself, I find it hard to believe this guy is actually an economist. I guess there's good and bad economists just as there are good and bad doctors or any other field. Wealth distribution is only good for those without wealth; of course those without wealth want it, but there is no Right that guarantees you money. When you take something from someone that you did not earn (either through fair or unfair means) it's theft.

[JEFF9K]

@korn1536 . . . That's ridiculous. Libertarians believe in laissez-faire economics, which has failed every single time it has been tried, everywhere in the world.

[korn1536]

@JEFF9K Please cite an example. Where has there been a laissez-faire govt that caused a failed economy? It's funny you make a claim that it hasn't work "everywhere in the world" when it's never been fully attempted anywhere in the world before. When the US had a more free market they rapidly became the wealthiest nation in the world. When govt regulation came they quickly became bankrupt. Most people who claim free markets have failed are ignorant to the fact that it wasn't really a free market.

[korn1536]

@JEFF9K Oh yeah, I almost forgot, the 14+ trillion dollar national debt has been caused by Republicans and Democrats. Under Bush, the economy tanked, but under Obama it has tanked even worse. So how can "not electing Republicans" solve anything when Democrats are just as, if not more, guilty of corrupt spending? The real problem is people sticking blindly to party lines and defending indefensible actions by their party.

[JEFF9K]

@korn1536 . . . . The recent book The Shock Doctrine, by Naomi Klein, lists every example of laissez-faire trying and failing. It also mentions that it keeps being tried in a stronger, freer form and keeps failing even worse. Laissez-faire is TOTALLY INDEFENSIBLE.

[korn1536]

@JEFF9K I figured as such. I am perfectly capable of reading books by opposing economists, however Naomi is not an economist. She is a socialist and an activist, so it's like asking a slave owner if slavery works. I asked for one example or even one name of country that lassez faire govt failed in. (By the way, it's ironic that the capitalism in which she says doesn't work is the exact thing that made her rich).

[korn1536]

@korn1536 Oh yeah, and she's been debunked several times already, so it's pretty stupid person to cite as a reference. Principles of economics don't change because one activist would like them to. It's a matter of proven examples vs flawed theories.

[JEFF9K]

@korn1536 ..... Ridiculous comment. You are making the AD HOMINEM logic error, among others. Robert Reich is considered by many to be among the smartest people in the world. If you are smarter than him, you shouldn't be wasting your time with comments.

[korn1536]

@JEFF9K Wow still no example. Of course not because one does not exist. I'm obviously wasting my time trading blows with someone who knows nothing of economics. We'll agree to disagree. I'll base my opinion on real life situations, my economic background, references of competent economists, & history...you can base yours off of pure B.S. and a book by a socialist activist, and we'll both be happy. Anyway, feel free to spout whatever nonsense you wish, I'm not visiting this idiot's page anymore.

[wuezili]

@korn1536 @JEFF9K Neither of you guys know anything. Jeeze.