Elizabeth Warren Fights Back Against the "Magical Accounting" of Trickle-Down Economics

[Political Junky]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

 

[g5000]

<more>

There's a lot hiding in that <more>. Like "tax the rich more".

Warren didn't spell out how she'd achieve these goals.

So just another whiner with no answers.

 

[Toddsterpatriot]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

and trickle-down voodoo economics

What's trickle-down voodoo economics and how is it to blame for Obama's weak recovery?

and loose Wall Street regulation are to blame.

We've added regulations non-stop since 2001, what the hell is she talking about?

 

[Stephanie]

oh brother, hope the people have had enough of progressive/Democrats after Obama. They kicked them totally out of power after only six years of them so don't fall for their BS now

Especially this socialist/fascist lizzy warren

 

[Uncensored2008]

Fight BACK?

Warren is spewing idiocy to entice fuckwits like you to support her. Despite the tears of the forum leftists, Hillary is toast. Warren has a vagina, which is the only qualification the demagogue party is seeking in their nominee, so she is launching her presidential campaign.

 

[mascale]

In Matthew 25:14-30, one person gets five talents, and puts it to the exchangers for usury income. One person gets two talents, and puts it to the exchangers for usury income. One person gets one talent, and buries it for safekeeping, or any other reason. The usury rate is a fixed rate doubling of each original gift. So the household should have been enriched 8 talents, but was only enriched seven. The Pythagorean Theorem, of the greater deities of Greece, would support that. The poor got thrown into a version of foreclosure, but everyone else seems to have been better off.

Except that originally, the difference between 5 talents and two talents has become the difference between 10 talents and 4 talents--more or less like in modern times, and recent current events. "Trickle Down" is really not the problem The problem is arithmetic. A remedy like Obama-Biden's, "Make Work Pay Refundable Income Tax Credit" offered every filer $400.00 per filing person. The lower income market was engaged in the recovery. That follows Matthew 20:1-16, wherein that householder is "Good."

So the Republicans took the Jesus Remedy away from America, and ran the Mormon for President instead. That Mormon did lose. The Method of Matthew 25:14-30, however, tends worldwide to be statute. Bank of Dubai has maybe a different explanation, but there is profit concept applied in Moslem financial morality.

Again, however, the simple statistical problem was not known to Moses. Deuteronomy 23:19-20 prohibits usury, and likely the inverse-usury remedy, for all believers. As for everyone else, "Screw "Em" comes into play. The prophet Mohammed missed the statistical point, and remedy. Adam Smith, founder of economics and capitalist theory, missed the statistical point and remedy. Karl Marx and Engels, famous revolutionaries, both missed the point and remedy. Gay Maynard Keynes missed the point and remedy. Milton Friedman, more or less, went back to the Moses Atrocity, for Friedman's arithmetic. It was even on TV. Create the fixed percentage usury. The Ivy League tends to celebrate all the point missers, and remedy missers, and continues even now, to miss the point. The New Senator from Clinton's Arkansas seems to be on board with the Ivy League. They are regarded better, and everyone else not so. The Clinton Administration, out of Arkansas, did not miss the point. There is an equal amount tax credit, based on number of children, in their economics. Democratic Leader, Senator Alan Cranston of California, got the raised and indexed, standard deduction and personal exemption, equal amounts, into the 1986 Federal Income Tax reform. President Ford, and the earlier term Governor Brown, got the remedy arithmetic into one year legislation in those terms.

And so the U.S. ordinary folk are left with the continuing failures of all history. Possibly another Clinton can be more diplomatic about it. It would be said a "Litlle F---ing Deal," or something.

"Crow, James Crow: Shaken, Not Stirred!
(Many White Eyes not understand power of Medicine Lodge, even on Lands of Many Nations!(?? Many plants easily available now, even in Amerika!)

 

[Rozman]

And which party has been in power the last 6 years?

 

[occupied]

Upward economic mobility has all but stalled for the working/middle class, it would be in conservatives best interests to address this instead of ignoring it and calling people commies.

 

[occupied]

And which party has been in power the last 6 years?

No party has been in power the last six years except both branches of the "protect the plutocrats party".

 

[bripat9643]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

So she's blaming Obama and the Dims for "trickle down" economics? Are they the ones who plotted the economic course we've been on for the last 6 years?

 

[bripat9643]

And which party has been in power the last 6 years?

No party has been in power the last six years except both branches of the "protect the plutocrats party".

So Obama and the Dims have been protecting the plutocrats?

 

[NoTeaPartyPleez]

And which party has been in power the last 6 years?

No party has been in power the last six years except both branches of the "protect the plutocrats party".

So Obama and the Dims have been protecting the plutocrats?

Basically, Obama and the Dems and the Republicans are all protecting the powerful and wealthy. Who do you think contributes buckets of cash to their campaigns. People in Ferguson, MO?

Money talks. If Obama wasn't shackled by both sides of Congress you'd see universal healthcare instead of the ACA, for starters.

 

[occupied]

And which party has been in power the last 6 years?

No party has been in power the last six years except both branches of the "protect the plutocrats party".

So Obama and the Dims have been protecting the plutocrats?

To a certain extent, certainly not balls-to-the-wall like republicans can be counted on to do no matter what, but I am still terribly disappointed that not a single banker went to prison, the big banks are bigger than ever and nothing was really done to prevent 2008 from happening again.

 

[Stephanie]

SNIP:

The Party of Snobbish Elites
A gentrified cocoon of progressive privilege has cost Democrats the middle class.
By Victor Davis Hanson

• 
  
  

Comments
441

​

Victor Davis Hanson
Democrats for over a century were associated with the American middle class.


Working-class voters once believed that Democratic-inspired intervention into the economy — minimum-wage laws, overtime pay, Social Security, Medicare, workers’ compensation — protected their interests better than unfettered free-market capitalism.

Republicans often had trouble selling the argument that an unleashed economy and new technology would relegate poverty to a relative, not absolute, condition — something like suffering with a cheap, outdated iPhone 4 while the better-off could afford an iPhone 6.

Why, then, have Democrats lost the working class — especially white, lower-middle-class voters?

There are several obvious reasons.

For one, high-profile progressives are largely rich, and their relatively small numbers live in a gentrified cocoon. Politicians, academics, media personalities, celebrities, and other Democratic-aligned professionals had just the sort of academic brands or technological, linguistic, cultural, and service skills that were well-compensated during the transition to globalism.

Their out-of-touch privilege, however, led to agendas — radical green politics, hyper-feminism, transgender advocacy, forced multiculturalism, open borders — that were not principle concerns of the struggling working classes. A techie in Silicon Valley, an actor in Hollywood, a trial lawyer in Washington, or a professor at Yale had the income to afford the steeper taxes and higher housing, energy, and college costs that were the natural dividends of their own political agendas.


ALL of it here:
The Party of Snobbish Elites National Review Online

 

[occupied]

SNIP:

The Party of Snobbish Elites
A gentrified cocoon of progressive privilege has cost Democrats the middle class.
By Victor Davis Hanson

• 
  
  

Comments
441

​

Victor Davis Hanson
Democrats for over a century were associated with the American middle class.


Working-class voters once believed that Democratic-inspired intervention into the economy — minimum-wage laws, overtime pay, Social Security, Medicare, workers’ compensation — protected their interests better than unfettered free-market capitalism.

Republicans often had trouble selling the argument that an unleashed economy and new technology would relegate poverty to a relative, not absolute, condition — something like suffering with a cheap, outdated iPhone 4 while the better-off could afford an iPhone 6.

Why, then, have Democrats lost the working class — especially white, lower-middle-class voters?

There are several obvious reasons.

For one, high-profile progressives are largely rich, and their relatively small numbers live in a gentrified cocoon. Politicians, academics, media personalities, celebrities, and other Democratic-aligned professionals had just the sort of academic brands or technological, linguistic, cultural, and service skills that were well-compensated during the transition to globalism.

Their out-of-touch privilege, however, led to agendas — radical green politics, hyper-feminism, transgender advocacy, forced multiculturalism, open borders — that were not principle concerns of the struggling working classes. A techie in Silicon Valley, an actor in Hollywood, a trial lawyer in Washington, or a professor at Yale had the income to afford the steeper taxes and higher housing, energy, and college costs that were the natural dividends of their own political agendas.


ALL of it here:
The Party of Snobbish Elites National Review Online

There is no more snobbish elite than the one that has told you that they must be protected from the consequences of their own reckless mistakes and held blameless by the taxpayers and made you believe it.

 

[deltex1]

Tell Pocahontas to get working on the employment numbers...another Obabble fiction.

 

[squeeze berry]

trickle down wampum in her case

 

[Rexx Taylor]

Warren hates the middle class. they make too much money , therefore they should all be taxed 40/60% to help pay for Liberals summer homes and expensive cars.

 

[occupied]

Warren hates the middle class. they make too much money , therefore they should all be taxed 40/60% to help pay for Liberals summer homes and expensive cars.

You people deserve the serfdom you have fought so hard to achieve, the rest of us are going to fight instead of collaborate.

 

[The Rabbi]

Upward economic mobility has all but stalled for the working/middle class, it would be in conservatives best interests to address this instead of ignoring it and calling people commies.

They do, idiot. The first step is getting rid of Democrats, who have stalled this economy for 8 years.