What Has This Nation Become?

It is NO secret that since the election of Trump as the leader of the Free World I feel that the US is going backward not forward…..as a Progressive (read Leftist not Democrat) I see trouble ahead economically….yeah I know things are just ducky right now but that is right now……what about the future…..remember that time when we say we are doing all this idiotic stuff for……

I have been writing about the disappearance of the Middle Class that NO one wants to admit……but now aMIT economist has also seen this slide and written about it (maybe the world will listen to him)……

America is regressing to have the economic and political structure of a developing nation, an MIT economist has warned. 

Peter Temin says the world’s’ largest economy has roads and bridges that look more like those in Thailand and Venezuela than those in parts of Europe. 

In his new book, “The Vanishing Middle Class”, reviewed by the Institute for New Economic Thinking, Mr Temin says the fracture of US society is leading the middle class to disappear.

https://www.independent.co.uk/news/world/americas/us-developing-nation-regressing-economy-poverty-donald-trump-mit-economist-peter-temin-a7694726.html

I wish I could lay all the blame on Trump but that would be disingenuous….the truth is every president since Ronald Reagan has made the slide worse with policies that favor the uber-rich and ignored the plight of the working stiff.

The long the problem is ignored the more that our beloved nation looks more and more like some developing Third World nation……

Is that what you want?

Time to learn some basic economics before you vote…..

Modern Monetary Theory is having a moment.

The theory, in brief, argues that countries that issue their own currencies can never “run out of money” the way people or businesses can. But what was once an obscure “heterodox” branch of economics has now become a major topic of debate among Democrats and economists with astonishing speed.

For that, we can thank Rep. Alexandria Ocasio-Cortez (D-NY), who told Business Insider in January that MMT “absolutely” needs to be “a larger part of our conversation.” That was the most vocal mainstream support MMT had gotten, which for years had been championed by economists like Stephanie Kelton (a former adviser to Bernie Sanders), L. Randall Wray, Bill Mitchell (who coined the name Modern Monetary Theory), and Warren Mosler — as well as a growing number of economists at Wall Street institutions

https://www.vox.com/future-perfect/2019/4/16/18251646/modern-monetary-theory-new-moment-explained

This will be for those too damn lazy to read……

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11 thoughts on “What Has This Nation Become?

  1. Similar things are happening around Europe. The Wealth Gap is polarising, with the poor getting poorer, and the rich getting richer. Those formerly in the ‘middle’ now tend to end up in one or the other extremes, normally ‘poorer’. No hours-contracts, minimum wage, no pay rises, and rising costs of fuel and everyday essentials mean that people who were once ‘comfortably off’, are now struggling to get by.
    At the other end of the scale, the ‘very rich’ hardly notice a thing has changed, except their increased profits!
    Best wishes, Pete.

  2. I wish I could lay all the blame on Trump but that would be disingenuous….the truth is every president since Ronald Reagan has made the slide worse with policies that favor the uber-rich and ignored the plight of the working stiff.

    Bingo!

    1. I have listen to several reps from the border area and not all agree with you….I guess it depends on one’s definition of “invasion” chuq

      1. 100,000 a month from just 3 countries when I think we accept 1.2 million a year from all countries under normal immigration protocols seems out of control. We are being overrun.

      2. I do not see these “invaders”……my area looks like it always has….but then I am not looking for a reason to hate…..I have been hearing this for decades now and it gets louder the closer we get to an election….and then it is just an issue to be dealt with….NO one is serious and a wall will not help…..chuq

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