Democratic Primaries
Related: About this forumKamala Harris Sends Debate Crowd Roaring By Exposing The Myth Of Trump's Economy
From the article:
Harris said Trump likes to brag about the low jobless rate, but the problem isnt that people arent working. Its that theyre working multiple jobs to make ends meet and they still arent 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.
primary today, I would vote for: Joe Biden
rampartc
(5,439 posts)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.
primary today, I would vote for: Undecided
guillaumeb
(42,641 posts)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.
primary today, I would vote for: Joe Biden
rampartc
(5,439 posts)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."
primary today, I would vote for: Undecided
guillaumeb
(42,641 posts)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.
primary today, I would vote for: Joe Biden
rampartc
(5,439 posts)but sustainable (a lot of the new deal was about conservation) and inclusive. that is why i am a democrat.
primary today, I would vote for: Undecided
guillaumeb
(42,641 posts)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.
primary today, I would vote for: Joe Biden
rampartc
(5,439 posts)and even defeating trump is necessary but not sufficient.
primary today, I would vote for: Undecided
Wounded Bear
(58,737 posts)primary today, I would vote for: Joe Biden
marylandblue
(12,344 posts)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).
primary today, I would vote for: Joe Biden
Wounded Bear
(58,737 posts)Not to mention that we'd probably be in even better shape if the Repubs weren't riding the brakes during the Obama years.
primary today, I would vote for: Joe Biden
guillaumeb
(42,641 posts)acted as a brake as well.
primary today, I would vote for: Joe Biden
guillaumeb
(42,641 posts)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%.
primary today, I would vote for: Joe Biden
Wounded Bear
(58,737 posts)Too many people working 2-3 low end jobs.
primary today, I would vote for: Joe Biden
Kaleva
(36,360 posts)primary today, I would vote for: Joe Biden
guillaumeb
(42,641 posts)And sadly, that is seen as a negative for many male voters.
primary today, I would vote for: Joe Biden
oregonjen
(3,342 posts)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?
primary today, I would vote for: Undecided
guillaumeb
(42,641 posts)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.
primary today, I would vote for: Joe Biden
Andy823
(11,495 posts)primary today, I would vote for: Joe Biden
guillaumeb
(42,641 posts)Not perfect, but impressive.
And such a contrast to the ignorance and incoherence of Trump.
primary today, I would vote for: Joe Biden
Andy823
(11,495 posts)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.
primary today, I would vote for: Joe Biden
guillaumeb
(42,641 posts)More than a few seem, to me, to be motivated by a desire for recognition.
Harris is not among them.
primary today, I would vote for: Joe Biden