- Sep 15, 2008
- Reaction score
The shot heard round the world from the podium in DC
yay demonRats.. yay for youse
yay demonRats.. yay for youse
he's such a skank.The class warfare has been going on for a long time, Obama is just starting another skirmish for political reasons. I noticed he provided no specifics, nothing that can be scored. It is therefore not a plan, it's just another political campaign speech.
1) Compressing and simplifying the tax code, and thus encouraging the accumulation of private fortune without limit. This in turn encouraged investments in short-turnaround, high-short-term return investments such as financial instruments over the longer-turnaround investments that actually create wealth and employ people.
Read my signature.1) Compressing and simplifying the tax code, and thus encouraging the accumulation of private fortune without limit. This in turn encouraged investments in short-turnaround, high-short-term return investments such as financial instruments over the longer-turnaround investments that actually create wealth and employ people.
2) Deregulation of business, particularly the financial industry. Together with the tax changes noted above, this encouraged and allowed the kind of complicated financial shell-games that collapsed in 2008. Before that, though, it encouraged the increased share of the economy taken up by the financial sector, as opposed to the sectors such as manufacturing and services that genuinely produce wealth.
3) Anti-union policies. Together with the encouragement of outsourcing (below), this was responsible for a long-term decline in real wages.
4) Tax and trade policies that encourage outsourcing. This encouraged manufacturers to shed expensive American labor for the kind of cheap labor available in third-world countries. As the manufacturing jobs, which let many working-class people live middle-class lifestyles, were replaced by service jobs, the government's anti-union policies prevented the unionization of the service industry that might have kept wages high in spite of this change.
There are some other minor policies but those were the main ones.
Note that the Clinton administration was in some ways as culpable here as the Reagan and Bush administrations (both Bushes), and that the Obama administration has not reversed any of this to a significant degree. This is not a Democrat/Republican issue, although arguably the Republicans have been worse.
"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."
Didn't understand the caging comment.
Felons are not supposed to vote, why shouldn't we make sure they don't?
Neither are illegals, or people that vote more than once. What's so bad about making sure people who are trying to vote are entitled to that privilege and are not abusing it?
There are some signs that the rest of us are beginning to fight back at last. This is what conservatives mean by "class war." Strictly speaking, they're right. A massacre is not really a war. A war requires two sides.If there's a "class war" going on, raw data would show that it's the top couple percent of the wealthy crippling everyone else, so if you're one of those guys, why worry? You're winning. Chillax wit a bahamma mamma and a stogey.