Has our country become a Plutocracy? A Plutocracy is ruled by the wealthy, or power provided by wealth.
We've seen what has happened with Wall Street and the Bailouts. We've seen how the Koch Brothers have overtaken the TeaPartiers and brainwashed them into blindly following their Big Business, Anti Obama, Anti Middle Class, Anti Union Agenda.
As Big Business continues to outsource; As older workers continue to face rising unemployment; As the Tea Partiers continue to blindly follow the agenda of the Koch Brother's Big Business agenda:
What will happen IF the Republican/Tea Partiers achieve their agenda?
Their Agenda:
1. Eliminate Social Security
2. Eliminate Medicare / Medicaid
3. Privatize Public Education
4. Eradicate Unions
5. Outsource All/Most Jobs to Offshore Companies
6. Eliminate Safety Regulations
7. Eliminate Securities Regulations
8. Lower Taxes for the Rich!
As our Baby Boomers are encountering Old Age, needing their social security checks since their savings have been devastated by the unscrupulous dealings on Wall Street; as they are in dire need of Medicare/Healthcare; who will help care for our Elderly if the TeaParty/Republicans achieve their Big Business driven agenda?
What is to become of us if they get their way?
Paul Krugman : Republicans, worst enemies of sound economic recovery - Better economic news lately : unemployment rate dropped to 8.9 percent in February, with 192,000 new jobs added. New claims for unemployment insurance down; business and consumer surveys show solid growth
ReplyDeleteTo kill a mockingbird or to kill the American Economy ??
New York Times Columnist and Nobel Prize Winner Paul Krugman tells us how House Republicans are doing their best efforts to sink a sound and beautiful economic recovery. The fruits of Economic Extremism and Bigotry are less prosperity for America, their super-conservative ideology is not supported by research and studies.
Op-Ed Columnist
How to Kill a Recovery
By PAUL KRUGMAN
Published: March 3, 2011
http://www.nytimes.com/2011/03/04/opinion/04krugman.html?_r=2&ref=opinion
Some excerpts :
The economic news has been better lately. New claims for unemployment insurance are down; business and consumer surveys suggest solid growth. We’re still near the bottom of a very deep hole, but at least we’re climbing.
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The clear and present danger to recovery, however, comes from politics — specifically, the demand from House Republicans that the government immediately slash spending on infant nutrition, disease control, clean water and more. Quite aside from their negative long-run consequences, these cuts would lead, directly and indirectly, to the elimination of hundreds of thousands of jobs — and this could short-circuit the virtuous circle of rising incomes and improving finances.
Of course, Republicans believe, or at least pretend to believe, that the direct job-destroying effects of their proposals would be more than offset by a rise in business confidence. As I like to put it, they believe that the Confidence Fairy will make everything all right.
But there’s no reason for the rest of us to share that belief. For one thing, it’s hard to see how such an obviously irresponsible plan — since when does starving the I.R.S. for funds help reduce the deficit? — can improve confidence.
Beyond that, we have a lot of evidence from other countries about the prospects for “expansionary austerity” — and that evidence is all negative. Last October, a comprehensive study by the International Monetary Fund concluded that “the idea that fiscal austerity stimulates economic activity in the short term finds little support in the data.”
And do you remember the lavish praise heaped on Britain’s conservative government, which announced harsh austerity measures after it took office last May? How’s that going? Well, business confidence did not, in fact, rise when the plan was announced; it plunged, and has yet to recover. And recent surveys suggest that confidence has fallen even further among both businesses and consumers, indicating, as one report put it, that the private sector is “unprepared to fill the hole left by public sector cuts.”
Which brings us back to the U.S. budget debate.
Over the next few weeks, House Republicans will try to blackmail the Obama administration into accepting their proposed spending cuts, using the threat of a government shutdown. They’ll claim that those cuts would be good for America in both the short term and the long term.
But the truth is exactly the reverse: Republicans have managed to come up with spending cuts that would do double duty, both undermining America’s future and threatening to abort a nascent economic recovery.
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