Tag: Reaganomics

The Big ‘trickle down’ Con!

Everyone seems focused on this comment answer to a regular folk:

“Corporations are people, my friend.”

And to a degree they should be no matter what the corporate controlled supreme’s say. But it’s the Con phrase following that should also raise the ire:

“Of course they are. Everything corporations earn ultimately goes to people.”

Revisiting Reaganomics

   Rep. Jesse Jackson Jr. has raised the ghastly specter of Reaganomics.

 “If we cut taxes for the wealthy, while maintaining massive military spending in support of two wars, then the new Republican Congress will be empowered to cut social programs in order to reduce the deficit,” Rep. Jesse Jackson Jr., a longtime friend and sometimes critic of the president, said in a statement. “So it will be a choice between cutting programs for the poor, children, the unemployed, the uninsured and veterans or allowing deficits to pile up. That was President Reagan’s strategy: A ‘starve the beast’ plan of lowered taxes and increased military spending that would force Congress to make deep cuts in program for the most vulnerable.”

 Is Obamanomics really Reaganomics? And is that a bad thing?

  Many people think that Reagan was one of our greatest presidents, and Reaganomics was his defining legacy.

 This is a good place to stop and examine exactly what Reaganomics was and what it means. Most importantly, let’s look at the raw numbers so no one can confuse us with spin.

FINALLY: VooDoo Economics!!

It’s about Damn Time somebody not only talks about but uses the labels of the failure of this so called capitalist system that did what it was long forecast it would, “Collapse”!!!!!

One of the many reasons it lasted this long, up till the beginning of the new century {I was in construction, now forced into retirement} and those like myself who were paying attention saw the collapse coming, it was getting harder for developers to find the cash for projects long before the residential collapse, was the easy credit schemes cooked up by the banks and others.

“Inside Job” the Movie!!

This is goin to be short, it just hit my in box so I wanted to pass it on.

Inside Job Trailer

{There are a few other clips at the Movie site}

“Where America Stands”

With the construction industry in the toilet across all aspects and across the country believe me I know what this country has been ignoring, we have a big problem with doing that on a whole host of issues {like sending military into invading then long occupations and not listening to them thus not caring for many when they return}, for decades should have been at least more than just started to be taken care of {some states and communities did use stimulus monies for just that but once no money preventive maintenance, or replacement, once again stops} as the collapsed economy started and those with the wealth {that’s how most of theirs is made with breaks given on taxes enhanced development packages just to attract companies and much much more} should be main contributors to upgrading our Deteriorating Infrastructure, and it ain’t just bridges and roads!!

Small Businesses Battle Credit Crunch

The Reaganomics, working as forecast, not by supporters of!

Why isn’t the economy moving, watch or read this clip report from last night. A simple explanation of how and who controls what, as the repub or conservative meme’s coming from the top to their herds about how their ideology on capitalism and the economy will cause prosperity, especially the continuing saying it will help small businesses develop and grow, for everyone, ‘Trickle Down’. There is very little private capital, their grease for the economic machine, being invested into small businesses as we talk and hear about billions between corporations and wall street and multi millions into the pockets of the corporate execs with ever growing tax write off corporate perks to go along with their huge tax cuts!

The Great Reagan Robbery

A number of economic commentators have begun to agree that an enormous, generational shift of wealth in America has occurred. This vast operation, which I shall call The Great Reagan Robbery, was nothing less that a program to cap the standard of living of the majority of Americans at mid 1970s levels and transfer all future increases in national wealth to the top 1% of the population. Here is how it was executed.

1. A telegenic pitchman for corporate America, Ronald Reagan, was elected to undermine the legitimacy of government, glorify the private sector, and demonize the poor.

2. Labor union power was crippled by direct strike breaking actions (Reagan’s firing of the Air Traffic Controllers) and anti-union propaganda campaigns.

3. Taxation was made more regressive, effecting a huge transfer of wealth from the working class to high-earning professionals and investors.

4. Speculative bubbles and financial scams, like the S&L debacle, enriched well-connected investors at the expense of the taxpayers.

5. A successful class war against the poor was launched, resulting in cuts to welfare and other programs that reduced income inequality.

6. Rapid inflation in the price of amenities Americans had once taken for granted, such as safe neighborhoods, good education, and adequate health care, enriched affluent providers of housing, education, and medicine, as these became costly “luxuries” for the general population.

7. Americans who were losing economic ground were encouraged to load up on debt, further enriching the lenders and holders of capital.

8. A blanket of ideological propaganda concealed the problem of growing inequality by fostering a culture of worshiping the rich and maintaining the myth of universal access to riches.

The bottom line on The Great Reagan Robbery is that it accomplished the most massive transfer of wealth within American society in our entire history without arousing any politically significant resistance. It was a brilliantly executed class war, in which the rich decisively defeated the rest of us.

The problem the rich now face is that they succeeded too well. The momentum of the stealthy, unstoppable, robbing machine they created is continuing to push the majority of Americans into third-world debt slavery and subsistence existence, and this sharp decline will undermine the entire economy, including the fortunes of the rich.

To the Barricades of Heaven

Running down around the towns along the shore,

When I was sixteen and on my own.

No, I couldn’t tell you what the hell those brakes were for,

I was just trying to hear my song . . .

Now I’m sitting by the highway,

Down by that highway side.

Everybody’s going somewhere,

Just as fast as they can ride.

I guess they’ve got a lot to do,

Before they can rest assured.

Their lives are justified.

I’ve been up and down that highway,

But no matter what I see,

I can’t help feeling,

We’ll never get where we want to be.

A friend said, close your eyes, and try a few of these,

I thought I was flying like a bird,

So far above my sorrow,

But when I looked down,

I was on my knees.

RePugs said close your eyes, America . . .

reaganomics Pictures, Images and Photos

And try a few of these tax cuts for the rich, the wealth will trickle down.  And America believed them.