Everything we do affects us all

August 12, 2011

Roubini-Karl Marx was right...Capitalism can Self Destruct...Markets Aren't Working


'Calling rioters criminals doesn't solve the problem, poor and desperate people tend to riot...Our fiscal woes are George Bush's fault...You can't have guns and butter and lower taxes.'
-Wall Street Journal

3 comments:

  1. I agree with Roubini, but then, I've taken numerous graduate level economics courses. IMO, every American should be required to take an economics 101 class because it's obvious to me that they don't know as much as they think they know on the subject. One example of this are the comments posted on the ajc.com vents promoting the "fair tax." These people do not not know what they're asking for, and these are the same people who think deep spending cuts in the worst economic downturn since the Great Depression is a way to jump start our struggling economy. Also, we cannot forget the fact that republican members of Congress, rw radio entertainers, and Fox News entertainers have no deep knowledge of economics, or that there are millions of Americans who take every word that flows from their lips as the gospel truth. I hate to think about it, but I always wonder what the republicans' lower socioeconomic supporters will do if they continue their war against America. It seems as if they think that the republicans will create some sort of "carve out" in their legislation that will protect them from their horrible economic policies, but you and I know that the movers and shakers in the GOP have little respect/regard for the majority of the rank and file members of the party.

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  2. true, but we just have to hit back with the tax facts...
    From 1940-80 the wealthiest Americans paid between 70% and 90% in income taxes
    and that's how we built...the American Dream. Between 1940-80 we fought and paid for WWII, Korean War, Vietnam War, we built our entire US Interstate Expressway system, we Made every car we Drove and we wore just the cloth What we Sewed and WE WENT TO THE MOON SIX TIMES-AND WE PAID FOR IT ALL!

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  3. By the way, my google acct is screwed up and I can't post as Chip Shirley

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