Kamala Harris Sends Debate Crowd Roaring By Exposing The Myth Of Trump's Economy

[guillaumeb]

From the article:

Kamala Harris sent the crowd roaring on Thursday night after she tore Donald Trump to shreds for bragging about an economy that isn’t working for the middle class.
Harris said Trump likes to brag about the low jobless rate, but the problem isn’t that people aren’t working. It’s that they’re working multiple jobs to make ends meet – and they still aren’t able to put food on the table.

To read more:

https://www.politicususa.com/2019/06/27/kamala-harris-sends-debate-crowd-roaring-by-exposing-the-myth-of-trumps-economy.html

The US corporate media plays an enormous role in propagating the myth of a robust economy.

The truth for the working class is that since the Reagan years, wages have been, at best, stagnant for workers. Yes, the stock market makes huge gains, and various economic bubbles have presented the illusion of a good economy, but the truth is that the economy is only good for the rich, and the upper middle class of professionals.

And while Bernie Sanders has been presenting this class based economic message for many years, he still fails to link class based, predatory capitalistic economics, with its racist foundation.

Race is the prime factor used by predatory capitalists to divide workers.

[rampartc]

1. she is correct.

the "very serious people" know that much of an economy is mob psychology, and that the job of treasury secretaries and federal reserve chairmen is to keep that mob moving to stimulate the economy.

[guillaumeb]

6. Well put.

Yes, the economy is a shared belief. If confidence fails, the market crashes.

And the various bubbles are designed to give the illusion that the average worker is doing well.

[rampartc]

12. "the fundamentals of the economy are sound"

or are they?

a great little book is john Kenneth galbraith's "the great crash, 1929." a quick read and extremely informative in an age of "new deal denial."

[guillaumeb]

14. My opinion is that the economy is unsound, and unsustainable. It is debt based.

After the New Deal, and when unionization was high, much of the working class became the middle class.

Not enough, and not non-white workers, or females, but wealth was far more equitably distributed. When the top 400 individuals have more wealth than the bottom 90% that economy is built on debt.

[rampartc]

15. we need to rebuild that kind of post wwii economy

but sustainable (a lot of the new deal was about conservation) and inclusive. that is why i am a democrat.

[guillaumeb]

16. Agreed.

But the political will is lacking, and in a time when the SCOTUS has defined money as speech, those with money can out shout the rest of us.

[rampartc]

17. no one said it would be easy.

and even defeating trump is necessary but not sufficient.

[Wounded Bear]

2. We're actually coasting on the remnants of the Obama economy...

[marylandblue]

3. We are, but there is a deeper problem not captured by GDP and unemployment numbers.

We should be tracking wealth distribution, not just total wealth and total jobs. We should count how many people work a full time job and still can't pay for basic necessities.

The problem long predates Obama but got worse after 2008. Obama prevented a much worse recession but could not solve the underlying wealth distribution problem (And before anyone goes there, I am not blaming Obama, he played the best hand he could with the cards he was dealt).

[Wounded Bear]

4. Absolutely...

Not to mention that we'd probably be in even better shape if the Repubs weren't riding the brakes during the Obama years.

[guillaumeb]

9. And the 400 plus filibusters

acted as a brake as well.

[guillaumeb]

8. An excellent answer.

Even gross indicators such as GDP or the unemployment rate do not really capture what the mass of people experience.

The rich are so rich that even though the GDP rises, or the stock market gains, most of those gains accrue to the 1%.

[Wounded Bear]

13. The "under"-employment rate is sky-rocketing...

Too many people working 2-3 low end jobs.

[Kaleva]

5. She did very well last night.

[guillaumeb]

10. Like HRC, Harris is very intelligent.

And sadly, that is seen as a negative for many male voters.

[oregonjen]

7. A lot of jobs with low hourly wages are just under the full time status, so the company avoids

giving their employees benefits, including health insurance. How does one pay rent or mortgage, health insurance, food, and then have money left over for anything else like college loans?

[guillaumeb]

11. Amazon, McDonalds, Wall Mart, and others all use this model.

It is predatory, unregulated capitalism at work.

All of the costs associated with a company paying an actual living wage are externalized onto the mass of taxpayers.

[Andy823]

18. Kick. nt

[guillaumeb]

19. She is impressive.

Not perfect, but impressive.

And such a contrast to the ignorance and incoherence of Trump.

[Andy823]

20. Yes she is impressive

And nobody is perfect. I think we have some great candidates running this year. I also think that over the next few months the field will shrink down, and we will be left with the ones that will have the best chance to take on trump.

[guillaumeb]

21. I agree with you on this.

More than a few seem, to me, to be motivated by a desire for recognition.

Harris is not among them.