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The best part of the the 2nd Presidential Debate was when the moderator called Romney on a lie.
The worst part is that half the country believes Romney/Ryan have any love for "high wage jobs." To be more accurate, many of the people supporting the Romney/Ryan are doing so for reasons other than economic. They are convinced that the Democrats are godless people who are hell bent on corrupting their children. Still, There seem to be some combination of three attributes that drive Republican voters: The compulsive need to control everything; bone deep ignorance; and, a highly charged fear of the unknown future. The first attribute describes the national power brokers and the local self-appointed patriarchs (mostly religious leaders).
Well, I'm not surprised that the election is close. Hell, Dubya was elected (more or less) and reelected (more or less) and will likely go down in history as one of the worst presidents to date.
What I can't understand is why Obama isn't talking about the failure that Supply Side Economics is. Why in the world are the Democrats letting Romney/Ryan get away with saying that cutting taxes allows companies to high more people. Companies higher more people when they have a need, not when they have more money. Demand drives job creation. And only demand.
In the Great Depression, there were plenty of goods on the shelves. The businesses that didn't go broke in the bust were still producing. Unemployment was high, but MOST people had jobs. And most people were NOT SPENDING MONEY. Demand was low. No new workers needed. And, for some reason, Obama never mentions that it took 10 years and WWII to dig out of that.
He also refuses to mention that in a global economy, our recovery is linked to the world economy. We are growing very slowly because the rest of the world is slowing down. The fact that we are growing at is quite a surprise to me! And he doesn't really talk about the root financial issue: Crooked bankers. And it doesn't matter if we talk about investment bankers or the bankers that loan money for houses and cars. It is a giant game of manipulation for the highest short term profit. And it always has been.
And then there is gasoline. The president missed an opportunity last night. He should have laid the blame for gasoline prices exactly where it belonged. The commodities speculators and refiners. We are being manipulated and we have been manipulated since the heyday of Standard Oil. There really is no competition in the oil industry.
Bah. Or, more the point, baaaaaaa.
The worst part is that half the country believes Romney/Ryan have any love for "high wage jobs." To be more accurate, many of the people supporting the Romney/Ryan are doing so for reasons other than economic. They are convinced that the Democrats are godless people who are hell bent on corrupting their children. Still, There seem to be some combination of three attributes that drive Republican voters: The compulsive need to control everything; bone deep ignorance; and, a highly charged fear of the unknown future. The first attribute describes the national power brokers and the local self-appointed patriarchs (mostly religious leaders).
Well, I'm not surprised that the election is close. Hell, Dubya was elected (more or less) and reelected (more or less) and will likely go down in history as one of the worst presidents to date.
What I can't understand is why Obama isn't talking about the failure that Supply Side Economics is. Why in the world are the Democrats letting Romney/Ryan get away with saying that cutting taxes allows companies to high more people. Companies higher more people when they have a need, not when they have more money. Demand drives job creation. And only demand.
In the Great Depression, there were plenty of goods on the shelves. The businesses that didn't go broke in the bust were still producing. Unemployment was high, but MOST people had jobs. And most people were NOT SPENDING MONEY. Demand was low. No new workers needed. And, for some reason, Obama never mentions that it took 10 years and WWII to dig out of that.
He also refuses to mention that in a global economy, our recovery is linked to the world economy. We are growing very slowly because the rest of the world is slowing down. The fact that we are growing at is quite a surprise to me! And he doesn't really talk about the root financial issue: Crooked bankers. And it doesn't matter if we talk about investment bankers or the bankers that loan money for houses and cars. It is a giant game of manipulation for the highest short term profit. And it always has been.
And then there is gasoline. The president missed an opportunity last night. He should have laid the blame for gasoline prices exactly where it belonged. The commodities speculators and refiners. We are being manipulated and we have been manipulated since the heyday of Standard Oil. There really is no competition in the oil industry.
Bah. Or, more the point, baaaaaaa.