Robert Reich on This Week is saying exactly what I said

[johnaries]

here:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=3449579&mesg_id=3449579

"This election is a referendum on Supply Side Economics". "Trickle-Down doesn't work!"

He also said to Will the Shill "try telling the Average American they're better off today than in 2001". "I will!". :puke:

Later, Reich talked about the Tax Policy Center's research and echoed that Obama's MIddle TAx cuts is what we need because he puts money in consumer's pockets who actually buy things. McCain's tax cuts put's it in the pockets of the wealthy who won't buy because they already have what they want. They will only use it to make more wealth for themselves. will the Shill said they will invest it in making new jobs. Will, they won't create new jobs if no one is buying anything! Are they creating more jobs with the current tax cuts? No! They are cutting jobs because consumers can't afford to buy their products. Idiot!

[kentuck]

1. I think this is a winning debate for Democrats.

And they should explain it more often.

[lonestarnot]

2. w/o a doubt!

[johnaries]

4. Yes, absolutely. And the more Repubs say "you're better off

now than in 2000" the more Americans will look at their own situations and say "No, we're not. You're either out of touch or lying" and vote Dem. It's time the end the Government of the Rich, by the Rich, and for the Rich.

[varelse]

3. Yes, clearly

it needs to be explained more often. :(

[johnaries]

5. As Reich said: Trickle Down doesn't work.

If Americans don't pay attention to clear explanations but only "sound bites" - this is the sound bite we need to repeat over and over. Trickle Down doesn't work. Let's return to something that does work. Putting money back in the pockets of the people who do the buying.

Sorry, George Will. But buying goods will create a lot more jobs than giveaways to the rich.

[followthemoney]

6. Robert Reich called the system 'trickle out" some time ago.

This is apparent by examination of the trade imbalance developed over the years.

The collapse of the Soviet Union was thought to be impossible until it happened.

The collapse of the U.S. economy is absolutely impossible, likewise.

[johnaries]

8. Trickle-out - I hadn't heard that one.

Obviously referring to out-sourcing of American jobs.

Bush tried to lower the trade imbalance by de-valuing the Dollar. It worked, but as usual Bush didn't consider other consequences. the de-valued Dollar is largely responsible for increased oil prices (along with speculation - yeah, investors have plenty of capital but instead of investing it in "new jobs" they are using it to speculate on oil. Take THAT, George Will) and a lot of the mess we're currently in.

A de-valued Dollar is one answer to illegal immigration, though. If the Peso is worth more than the Dollar, Mexicans will stop immigrating - legally or illegally.

[TBF]

7. Reich is a bright guy - I've always enjoyed his blogs...

http://robertreich.blogspot.com/

The latest is about the economics behind the $4.00/gallon of gas. He's always interesting to read.

[johnaries]

9. Thanks for the link!

I'm reading it now and greatly enjoying it. He makes a lot of sense.

[Vinca]

10. It's hard to imagine why, after 8 years of failed Bush economic policies,

Republicans would still parrot the same, old lines. There's no sense in continuing the same failed policies in order to fix the outcome of the last 8 years. They're idiots. They keep saying cutting taxes brings in more tax revenue (sounds like a magic trick), but never explain why we're now in debt we'll probably never get out of despite Shrub's wonderful tax cuts to fat cats. According to their misguided logic, we should be swimming in money.