For those of us that are OLD….we can remember the theory that Reagan was so fond of….the promises of trickle down economics….a theory put forward by one Laffer (a name well said to describe the BS)…basically it is an economic theory that says if the top 10% of the population gets tax cuts, tax breaks and other benefits that the good stuff will trickle down to the rest of us……sorry to say but it has been proven to be a crock of crap……
Now that you have a small amount of info on the down side how about “trickle up economics”? Is there really such a thing? You bet your butt there is…..,just look at the economic happenings of today….but you would like a simple definition….something not too hard and easy to remember……. the flow of wealth from the poor to the affluent.
This video can help explain trickle up better than me…..and it will be more easily retained by those that care to learn…….http://on.msnbc.com/j6I92G
All income and benefits are flowing up and yet those on the bottom are asked to sacrifice time and time again….when does it become a “Shared Sacrifice”?
For the last couple of days I have been studying Fed chief Bernanke’s latest press conference……and have come to the conclusion that he has NO idea what to do next to save the economy…..and the title says it all!
Michael Snyder has made an excellent point……
Is the U.S. economy improving? That is what Federal Reserve Chairman Ben Bernanke would have us believe. Bernanke declared today that the “recovery appears to be proceeding at a moderate pace” and that everything is going pretty much as planned. Sadly, the mainstream media and most of the American people still seem to have faith in the economic pronouncements of Helicopter Ben. They seem to have forgotten all of the Bernanke quotes from before the financial crisis. Bernanke pledged that there would not be a housing crash and that there would not be a recession. It is amazing that anyone still believes that Bernanke has any credibility left.
Bernanke for once was pretty honest with his analysis……(okay, that is sarcasm)
Brutally honest, Bernanke admitted that he had no clue what was actually causing the current fragility in the U.S. economic recovery. While the FOMC statement assigned blame outside of the U.S., pointing at Japan along with rising food and oil prices, Bernanke was put on the spot by a reporter who noted the inconsistency behind that explanation and a lowering of long term forecasts. Bernanke took the hit, admitting only some of the factors were temporary and that he didn’t know exactly what was causing the slowdown, but that it would persist. “Growth,” said Bernanke, “will return into 2012.”
Come on! Bernanke knows damn well what is causing the lag in the economy……his policies as well as the spending frenzy that politicians have been on for 20 years has everything to do with the condition of the US economy……..there is only one thing that we should recognize……
Sadly, this is about the best that our economy is going to get.
What we are experiencing right now is “the recovery”. As we move forward things are going to get progressively worse.
A lot of people don’t like to hear that we are in the middle of a long-term economic decline, but that is the truth.
The era of tremendous economic prosperity for America is coming to an end.
An economic nightmare is coming.
You better get ready. (thanx to Michael Snyder)
Oh there are many things that are a joke in the US…..FinReg, health care, the two party system, our educational system….but the biggest joke is…….the electoral system for electing a president. The punch line is that if we eliminate it then our democracy will fall into mob rule…..
Anybody that has read my site knows that I am NOT a big supporter of the electoral college, in fat I feel that it is time to eliminate if completely…….but here is my post from 2008……..http://bit.ly/kPOplE
Not much has changed in the past couple of years….it is still an antiquated system from a long gone era of our country’s history……..
I received the below in an email from a friend in New Mexico….it deals with the bastard system known as the Electoral College……
The symbol of modern democracies is the right granted to its citizens to vote. As if voting were the end goal of the freedom of expression and self determination of a people. Unfortunately this is the extent to which the arbiters of U.S. policy allow for its citizens to exercise their right to conduct change. It is a ritualistic undertaking that takes place once every four years in which the masses are genuinely encouraged to exercise their responsibility as a participatory body. As if waking from a deep 4 year slumber we are suddenly compelled to ignite our desire for political action in an overwhelming national expression of deep political concern which has been conspicuously absent for the preceding 4 years.
What principal of governance states that the so called right to vote is the end goal of a democratically run state? Why is this symbol presented to us as our crowning glory over all other backward states? The reason is because the right to vote is essentially inconsequential, the policy makers know this fact very well, but they make concerted efforts to deceive the population into thinking that CHOICE, in and of itself, is sufficient. But when the choices are between two evils, which they certainly are, then whether we choose a hydra over a minotaur to run a country hardly matters at all.
While it is true that the historic precedent of allowing its citizens to vote in an electoral system isn’t unique to modern societies, it is unique with respect to powerful states. In the past a powerful state was synonymous with a totalitarian state, with its inherent cruelties being much of the cause for its supremacy in the world. But a genuine shift has taken place in the modern world in which internationally powerful states (most notably England and the United States) are recognized as being free states in the sense that its citizens direct the actions of its leaders and not vice versa. With the invention and advancement of mass media techniques policy makers have discovered that it no longer matters whether or not people are given the freedom to choose, so long as we limit their options and opportunities. The options are limited to a meaningless two party system in which we are offered a choice that ranges between absolute evil and opportunistic cut throat capitalism – the spectrum of choice is so narrow it’s rendered meaningless. It’s the difference between destroying the world in 50 years or 75, what will you decide? And the opportunities are limited to a leap year ritual that requires citizens to place an “X” beside their favourite TV personality, and then to quietly and obsequiously go back to work and allow the rulers to rule and the citizens to work day in and day out until then next ritual gathering.
When has change ever occurred over the course of a single night? Whether we are speaking of personal change or national, changes of radical undertaking have always been gradual, repetitive, concerted, and even painful. The notion that we can participate once every four years and then promptly go back to watching television soap operas or the latest buzz in Hollywood is a testament to our complacency. The U.S. electoral system is a mastery of the elements of deception into fooling people into thinking that change can occur suddenly and without significant effort. If it were a viable system then the options for alternatives would be greatly diversified and it would not be limited to a single day every 1300 days.
By using E-Democracy, that is using the internet and such, we can eliminate this caveman type of political system…..we can then go to a real democracy, one of people participation in ALL aspects of the governing of their country….
As sucky as the system is now….why not try something new? The Electoral College is a dinosaur and needs to be in a museum……if you want change then change….and this is an excellent place to begin!