"The Economic Whodunit"

[applegrove]

The Economic Whodunit

By E.J. Dionne at Real Clear Politics

http://www.realclearpolitics.com/articles/2013/04/29/the_economic_whodunit_118149.html

"SNIP........................

The two economists would have added to their credibility by showing a bit more humility about their data problem. But the damage was done. Europe and the United States moved prematurely to austerity. Tens of millions of people have suffered from joblessness or lower real incomes. Reinhart and Rogoff didn't force these decisions, but they abetted them.

Now, through the sequester cuts, we are compounding the problem. It's outrageous that Congress and the administration are moving quickly to reduce the inconvenience to travelers -- people fortunate enough to be able to buy plane tickets -- by easing cuts in air traffic control while leaving the rest of the sequester in place. What about the harm being done to the economy as a whole? What about the sequester's injuries to those who face lower unemployment benefits, who need Meals on Wheels, or who attend Head Start programs?

Instead, we should be using this period of low interest rates to invest in our infrastructure. This would help relieve current unemployment while laying a foundation for long-term growth. But anti-government slogans trump smart-government policies. For reasons rooted in both ideology and the system's bias against the less privileged, we hear nothing but "deficits, deficits, deficits" and "cuts, cuts, cuts."

To paraphrase a French statesman from long ago, this is worse than a crime. This is a mistake. Its costs are being borne by good people who ask only for the chance to do productive work.


........................SNIP"

[safeinOhio]

1. It would cost the government nothing

and do the most good for the economy to raise the minimum wage to $10.00/hour. Almost all jobs are now paying less. Just like the deficit has not raised inflation, neither would it. In fact, those in low paying jobs would, with that kind of raise, increase demand with the raise so much, unemployment would drop in half. Henry Ford proved that raising wages increases demand and leads to higher profits.

[ruffburr]

2. Ayan Rand's, Bullshit Theories-

Destroying the country, All I can say is Fuck You Ayan Rand and the bullshit you rode in on, As far as those promoting this crock of shit WAKE THE FUCK UP !!!!!!! What More Proof DO YOU NEED!!!!