Reich doesn't site any references, he is ignoring decades of evidence, and misrepresenting opposing opinions.
In the early 20s the Government was cut by 50% and the economy boomed. Same happened in the late 40s. This alone refutes his argument.
The argument for less spending on Government infrastructure projects, is that they're inefficient, wasteful, they push up prices & discourage private investment. Simple.
And Medicare & Medicaid already have a bigger budget than defence.
This guy is telling you just what you want to hear. He's full of crap. The only thing he is saying that is accurate is giving the rich tax breaks isn't going to help. Manufacturing needs tax breaks. Move some government jobs to the private sector, where there is actually competition that perpetuates results or failure. There is no drive in government workers, they have these nice cushy jobs that they go to and perform in a mediocre way, because they don't have to worry about losing their jobs.
Lol, so are the corporations eating that money, going to sea with that money, driving that money? It seems like they are not really benefiting from the money they are sitting on, can't you grasp it? What is the point of "sitting on the money"? Have you thought about it? Maybe you are a retard?
This guy is an old school socialist stuck in a left-right political dichotomy. Although he has some very sympathetic things to say. We have more insight now. - Jobs or creating jobs is not the answer to our problems. To design a sustainable society is. - The jobs are not coming back as most things will be automated. Therefore we need a economic paradigm shift and re-evaluate our value system. - -0-
Reich is a knowledgeable spokesman for the wisdom we learn from understanding our past. The data is there to support all his clarifications of the Republican lies which have no basis in fact.
How can average citizens fall for these lies - I believe it is because our news has been taken over by the for profit corporations who have gotten richer and richer by hiding the truth from the masses.
american people are stupid their entire economy is based on consummerism if people are laid off and out of work there will be no spending meaning their will be no production which translates into no profit and no jobs its that simple the makers need the takers in order to have a productive economy.
It's not a Ponzi scheme when you consider people voluntarily gave their money to Ponzi & Madoff..... The Federal Government has IRS Code 9.2.3.5 that allows them to kill you if you don't comply. Then just based on the ever increasing percentage taken from workers, it is at the very least fraud and immoral. I won't accept it based on the fact that some 25 year old will have to pay 25% of income to afford my SSI benefit..... That is theft and immoral.
Robert Reich is just a disgusting parasite and a sad, wretched, mediocre, empty little c##t which is why he needs to hide his pathetic pointless little self behind a collective.
Robert Reich is just a disgusting parasite and a sad, wretched, mediocre, empty little cunt which is why he needs to hide his pathetic pointless little self behind a collective.
We need to kick this bum off the government dole so he stops stealing from the taxpayer. You paint your own fence Mr. Reich or contribute to help others. Let the real workers of America keep their money. End minimum wage, end unions, go to full reserve banking, end the department of education, energy, and nasa.
Lie#4 via inflation tax, stealing from a kid so he can't buy his bike. Lie#5, SS is not a ponzi scheme but you are 5 times more likely to be disabled in Alabama than Utah. Obama gutted social security. Lie#6. If a bridge needs to be built, why should a poor person get to use it for free?
Lie #1. Corporation are sitting on more debt, about $7 trillion in debt. Corprorate profits go to everyone that saves like Ralph Nadar. Instead of living off the public dole, why does he make his own corp.? Lie #2 If you shrink government, it will force people into private sector, thus 2 fence painter will get 50% more money and retirement because the painter will get more help. Lie#3 High taxes takes money away from rich people to build their dreams. Lie#4 Debt steals from poor people.
@Odysseus087 "...deaf or just plain dumb?" We'll deal with that statement later.
However, to answer you question,,, That's an easy one. Let's start with his 1st statement "If you give tax cuts to the rich & to the corporations, everybody will benefit, it will all trickle down to everybody else. A Lie, it has not happened it has never happened..." Either mr reich lives in a bubble or he simply ignors history. But then he's never run a real business. Your Turn!
@Unklebillybob When have tax cuts for the rich and corporations ever resulted in a better economy? Are you aware that the "Bush tax cuts" added to the deficit $2.3 trillion over 10 years. According to the Congressional Budget Office, nearly half the cost of all legislation enacted from 2001 to 2007 can be attributed to the tax cuts. You simply don't know what you are talking about.
@Unklebillybob When have tax cuts for the rich and corporations ever resulted in a better economy? Are you aware that the "Bush tax cuts" added to the deficit $2.3 trillion over 10 years. According to the Congressional Budget Office, nearly half the cost of all legislation enacted from 2001 to 2007 can be attributed to the tax cuts. You simply don't know what you are talking about.
If you shrink government, job creators pay less in taxes and can afford to hire more people. If you reduce regulations, they can do it with less compliance overhead.
@tsilb demand creates jobs - while there is always the argument for lease paper work - rich people do not create jobs - demand creates jobs - everyone is finding that out now - as the middle class doesn't have the disposable income to spend which equals a stagnant economy. The public and private sector are intertwined and government is NOT evil - people are.
I really wish the right wing would secede again so the rational people in the money producing states that are overwhelmingly blue states can have a sane country to ourselves!
@theworldismine22 If I hear one more conservative say class warfare like they know what that means I'm going to scream! The poor are losing ad the rich are winning we want to even the playing field that doesn't mean we hate rich people that just means we recognize that no man is an island and what affects one affects all.
Robert Reich and Paul Krugman should run the country. He makes so much sense, its crazy that more people don't listen. I guess the people not listening are wealthy job creators, millions of them out there, not a care in the worl....what, a lot of unemployment, more poverty, more children in poverty...? Oh, pass it on.
GREAT JOB ..KEEP IT UP TAKE DOWN THE SUPER RICH MASTERS
timber2403 1 week ago
Reich doesn't site any references, he is ignoring decades of evidence, and misrepresenting opposing opinions.
In the early 20s the Government was cut by 50% and the economy boomed. Same happened in the late 40s. This alone refutes his argument.
The argument for less spending on Government infrastructure projects, is that they're inefficient, wasteful, they push up prices & discourage private investment. Simple.
And Medicare & Medicaid already have a bigger budget than defence.
Very poor video.
LibertyDownUnder 2 weeks ago
Comment removed
LibertyDownUnder 2 weeks ago
This has been flagged as spam show
This guy is telling you just what you want to hear. He's full of crap. The only thing he is saying that is accurate is giving the rich tax breaks isn't going to help. Manufacturing needs tax breaks. Move some government jobs to the private sector, where there is actually competition that perpetuates results or failure. There is no drive in government workers, they have these nice cushy jobs that they go to and perform in a mediocre way, because they don't have to worry about losing their jobs.
splnh1 1 month ago
Comment removed
splnh1 1 month ago
One of the greatest uncorrected travesties this nation continues with are the changes that were made and not fixed in the 1986 tax code.
phatphred 2 months ago
Lol, so are the corporations eating that money, going to sea with that money, driving that money? It seems like they are not really benefiting from the money they are sitting on, can't you grasp it? What is the point of "sitting on the money"? Have you thought about it? Maybe you are a retard?
johammbass 3 months ago 2
MrCally1 4 months ago
Reich is a knowledgeable spokesman for the wisdom we learn from understanding our past. The data is there to support all his clarifications of the Republican lies which have no basis in fact.
How can average citizens fall for these lies - I believe it is because our news has been taken over by the for profit corporations who have gotten richer and richer by hiding the truth from the masses.
brendafos 5 months ago 4
american people are stupid their entire economy is based on consummerism if people are laid off and out of work there will be no spending meaning their will be no production which translates into no profit and no jobs its that simple the makers need the takers in order to have a productive economy.
doctorw2 5 months ago 3
It's not a Ponzi scheme when you consider people voluntarily gave their money to Ponzi & Madoff..... The Federal Government has IRS Code 9.2.3.5 that allows them to kill you if you don't comply. Then just based on the ever increasing percentage taken from workers, it is at the very least fraud and immoral. I won't accept it based on the fact that some 25 year old will have to pay 25% of income to afford my SSI benefit..... That is theft and immoral.
TheKaffeeKlatsch 5 months ago
This has been flagged as spam show
Robert Reich is just a disgusting parasite and a sad, wretched, mediocre, empty little c##t which is why he needs to hide his pathetic pointless little self behind a collective.
Oh! poor little Robby!
coltrane1966 5 months ago
Robert Reich is just a disgusting parasite and a sad, wretched, mediocre, empty little cunt which is why he needs to hide his pathetic pointless little self behind a collective.
Oh! poor little Robby!
coltrane1966 5 months ago
We need to kick this bum off the government dole so he stops stealing from the taxpayer. You paint your own fence Mr. Reich or contribute to help others. Let the real workers of America keep their money. End minimum wage, end unions, go to full reserve banking, end the department of education, energy, and nasa.
pirucreek 5 months ago
Lie#4 via inflation tax, stealing from a kid so he can't buy his bike. Lie#5, SS is not a ponzi scheme but you are 5 times more likely to be disabled in Alabama than Utah. Obama gutted social security. Lie#6. If a bridge needs to be built, why should a poor person get to use it for free?
pirucreek 5 months ago
Lie #1. Corporation are sitting on more debt, about $7 trillion in debt. Corprorate profits go to everyone that saves like Ralph Nadar. Instead of living off the public dole, why does he make his own corp.? Lie #2 If you shrink government, it will force people into private sector, thus 2 fence painter will get 50% more money and retirement because the painter will get more help. Lie#3 High taxes takes money away from rich people to build their dreams. Lie#4 Debt steals from poor people.
pirucreek 5 months ago
Great video, intelligent guy. And he is telling it how it is.
mbmart2005 5 months ago
This man has never run a business, but thinks he can tell business owners how they should run a business. Yea, Right!
Unklebillybob 5 months ago
@Unklebillybob are you deaf or just plain dumb? what specifically did he say that you disagree with?
Odysseus087 5 months ago
@Odysseus087 "...deaf or just plain dumb?" We'll deal with that statement later.
However, to answer you question,,, That's an easy one. Let's start with his 1st statement "If you give tax cuts to the rich & to the corporations, everybody will benefit, it will all trickle down to everybody else. A Lie, it has not happened it has never happened..." Either mr reich lives in a bubble or he simply ignors history. But then he's never run a real business. Your Turn!
Unklebillybob 5 months ago
@Unklebillybob When have tax cuts for the rich and corporations ever resulted in a better economy? Are you aware that the "Bush tax cuts" added to the deficit $2.3 trillion over 10 years. According to the Congressional Budget Office, nearly half the cost of all legislation enacted from 2001 to 2007 can be attributed to the tax cuts. You simply don't know what you are talking about.
Odysseus087 5 months ago
This has been flagged as spam show
@Unklebillybob When have tax cuts for the rich and corporations ever resulted in a better economy? Are you aware that the "Bush tax cuts" added to the deficit $2.3 trillion over 10 years. According to the Congressional Budget Office, nearly half the cost of all legislation enacted from 2001 to 2007 can be attributed to the tax cuts. You simply don't know what you are talking about.
Odysseus087 5 months ago
If you shrink government, job creators pay less in taxes and can afford to hire more people. If you reduce regulations, they can do it with less compliance overhead.
tsilb 5 months ago
@tsilb demand creates jobs - while there is always the argument for lease paper work - rich people do not create jobs - demand creates jobs - everyone is finding that out now - as the middle class doesn't have the disposable income to spend which equals a stagnant economy. The public and private sector are intertwined and government is NOT evil - people are.
JourneyHome 5 months ago
@JourneyHome Yes, demand creates jobs. And rich people pay those people.
How can we create demand? Less spending, therefore less taxes, therefore more money for everyone to spend. Let your dollar be your vote.
tsilb 5 months ago
This has been flagged as spam show
Do you care if Obama gets more than 2 terms?
InCMPunkWeTrust 5 months ago
I really wish the right wing would secede again so the rational people in the money producing states that are overwhelmingly blue states can have a sane country to ourselves!
evange03 5 months ago
The only thing that trickles down is piss and we are drowning in it.
reverenceforall 5 months ago
America is stuck on stupid Professor....stupid is the "New Smart.."
TJTele 5 months ago
Straw-man arguments, race-baiting, and class warfare **yawn**
theworldismine22 5 months ago
@theworldismine22 If I hear one more conservative say class warfare like they know what that means I'm going to scream! The poor are losing ad the rich are winning we want to even the playing field that doesn't mean we hate rich people that just means we recognize that no man is an island and what affects one affects all.
evange03 5 months ago 5
"They" keep winning because self-defeating liberals suffer from mass cynicism, defeatism and fatalism.
It's time we snapped out of it.
Arxces 5 months ago
Robert Reich and Paul Krugman should run the country. He makes so much sense, its crazy that more people don't listen. I guess the people not listening are wealthy job creators, millions of them out there, not a care in the worl....what, a lot of unemployment, more poverty, more children in poverty...? Oh, pass it on.
surfjacyt 5 months ago 3
The truth has a liberal bias...
bludgerdb 5 months ago 13
This has been flagged as spam show
Ron Paul's plan will balance the budget in 3 years without raising taxes!
Social programs remain untouched as the BIG problems are resolved.
Government employees will be phased out as they quit/retire or moved to other jobs. Learn more at /watch?v=IQAHziV3HoM
vechorik 4 months ago
"They" win.
saying most republicans are full of shit seems like saying you know who's name.
Mooremilk 5 months ago
awesome awesome awesome
TheJsmth1234 5 months ago 12