Well…as you know, I have been doing wedding stuff for the past few days and haven’t really had any desire to do any political stuff but today is different…there have finally been studies done on the ALEC pushed economic policies of cutting budgets, tax cuts for the rich, and deregulation, and guess what? All of that right wing conservative nonsense is just that, nonsense…and the facts are in to prove it. In all states that have implemented those policies, including Michigan, growth is slower, jobs are scarcer, and budgets are in disarray. Take the state that has implemented more of this nonsense than any other, Kansas, who trails the entire country in job creation and has a huge hole in its budget that is a direct result of tax cuts for the wealthy and business that shifted the burden to the lower and middle class. And now, who does the idiot governor Brownback blame? Obama, of course…and tax increases that are only figments of Brownback’s imagination…and the funny thing is that the deficit is falling faster than ever under Obama and the federal government ran a 120 billion dollar surplus last month. I want this moron to tell me how federal policies that apply across the country only hurts red states? I hope we can use these studies to hammer these idiots this fall…but, most of the country is not fact-based so maybe it won’t work…geez…
Tag Archives: economic growth
Is anyone surprised?
Well… I have to laugh at the surprise that has been coming out of some quarters in Europe that the economy there has slowed markedly over the past few months with the head of the IMF now saying the continent will go back into recession this year. What did they expect? When you slash spending and pay for workers, the result has always been slowing growth…just as Keynes postulated in his economic theories that have been so derided by the right here in the US. One of the things that everyone seems to be ignoring in the headlong rush to austerity across the globe is that you can never cut your way to growth….that cuts in spending and infrastructure investment will certainly mean years of slower growth instead of the robust growth that comes from deficit spending in a recession. I feel we have lost the ability to be objective in economics as the partisanship of politics and ideology have blinded us to what works in climbing out of recession…but, I think that is the aim of the repubs with their only stated goal over the last 3 years is to defeat Obama; no matter how much damage is done to the country…geez…