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Sava
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GO GO GO!
Mar 2001 time: 23:31
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quote: Originally posted by MrFun
It's that bad??
Why are people not calling this a depression then? |
because super rich corporations are still making money... its known as a growth recession. The GDP still grows because the outliers at the top scew the numbers. This was the case during the 80's... Bush has continued Reagan's economic policies of "rich get richer screw everyone else", only Bush has coupled it with expanding "free trade" so that American jobs are being exported. You'd think America would have learned after 8 years of voodoo-economics doing jackshit not to give Repugs the power to enact their dopey economic plans... apparantly not. I guess it takes millions of job losses, stagnation of wages, and excessive wealth concentration at the top to really wake people up.
The fact is, things have been getting progressively worse since the 60's. Clinton helped create an opprotunity for job creation as we saw almost record low unemployment numbers, but all of that went to **** once Bush got in office.
Personally, I think we need to put back in place the progressive taxation system during the 50's and 60's and use revenues to create public education jobs, a national health-care system, and improve our infrastructure. This will put people to work and give consumers money to spend, spurring the economy. We also need to put a stop to wasteful government pork and corporate welfare. Business should get its money from the market economy, fueled by consumer spending... not by tax-credits or handouts. But as long as corporations, the rich elite, special interests, and mass media influence our government, this rejuvenation of the American Dream isn't likely to happen.
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