Robert Reich is RIGHT .... We need more tax cuts and supplements to the Middle Class LINK

[Blackhatjack]

http://www.huffingtonpost.com/robert-reich/why-we-are-moving-toward_b_610017.html

"Double-dip watch: Retail sales in May took their biggest nose-dive in eight months, according to Friday's report from the Commerce Department. Remember: Consumers account for 70 percent of the nation's economic activity. American Corporations are sitting on huge piles of cash but they're not investing, and they're creating only a measly number of new jobs. And they won't invest and create jobs until they know there are customers out there to buy what they sell."

SKIP

"But the pendulum may now be swinging back to the earlier era in which demand always seems on the verge of trailing the nation's productive capacity. The biggest ongoing threats are chronic recession or even deflation, because consumers don't have enough money to what the economy is capable of selling at full or near-full employment. Despite gains in productivity, little has trickled down to America's middle class.

John Maynard Keynes is being exhumed because his Depression-era worry about inadequate demand is once again the nation's central economic problem.

Keynes prescribed two remedies -- both of which are now necessary: Government spending to "prime the pump" and get businesses to invest and hire once again. And, as Keynes wrote, "measures for the redistribution of incomes in a way likely to raise the propensity to consume." Translated: Instead of big tax cuts for corporations and the rich, tax cuts and income supplements for the middle class."

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[Angry Dragon]

1. Feed the middle

[xchrom]

2. wealth acquisition in the middle floats the most boats.

it's a shorter hop to the poor when the middle class is growing wealth -- which isn't necessarily the same thing as just consumption.

[Warpy]

3. They need to feed the bottom, too, since they spend 100%

of what they get.

It's time to sock it to the top. They've gotten a free ride on our backs long enough.

[xjymnastjme]

4. Tell Congress!

This is really something you should say to Congress! Much bigger waves can be made if you directly contact the powerful people who can pass bills and regulations if the public supports it! They could use our ideas to formulate bigger and better actions, but not if we don't tell them what we want, think, or need!

Unfortunately, we're only allowed to contact our state representatives and Senators via email, but I just tried this service on GripeGenie's website (www.GripeGenie.com ) called Contact Congress. Instead of only being able to contact our state's representatives and senator, this site gives us access to all of Congress! It's easy to pick which leaders or committees to contact, or even every member of Congress!

We should really start acting on any issue we truly stand for where regulations and decisions can achieve what we're seeking. While posting on these blogs promotes a smaller virtual community, our message doesn't get to those who can really DO something about it! It just bothers me because I'm sure politicians can't or don't read all the article and blog comments about our issues!

The exact effort put into these blog replies and posts is all it takes to contact your state's rep/senator or anyone else in Congress via GripeGenie.com!!

Check it out and make a difference with your comments and ideas! Create the change you're seeking!

[femrap]

5. Just tax the

rich and the corporations...just their fair share. Or we could go back to the days Ike and impose that 92% tax rate.

The rich don't use most of their $$$ anyway. It just sits around like they do...a lazy, dim-witted bunch.