Feb. 23, 2015 By Jack Jodell (in association with Burr Deming of FAIR AND UNBALACANCED.COM)
Happy start of the new week, everybody! Well, the Republicans are at it again. First, they told us if the rich were given massive tax breaks, it would free capital and a huge increase in good-paying new jobs in this country would result. NOT true – instead, only a few lesser-paying jobs were created here, while huge corporations invested their extra profits in overseas plants and hired millions of low-wage overseas workers to work in them (all the while increasing CEO and Boards of Directors’ paychecks at a record rate). Then these same conservative Republicans did all they could to stamp out labor unions, knowing full well that doing so would eliminate any leverage American workers may have once had to raise their wages. Here, of course, the result was nearly 35 years of stagnant workers’ wages with a growing and then record disparity of wealth in our country. Meanwhile, executive perks and salaries continued to rise, unchecked. Then, these same conservative Republicans clamored loudly for a massive deregulation of industry, saying that such regulations were hurting job growth and were bad for the economy in general. Yet, after deregulation, there was little or no real job growth, nor were workers’ salaries increased to any meaningful degree. But executive paychecks continued getting fatter. Then, these same conservatives duped Presidents and congresspersons of both parties into believing that so-called “Free” trade deals like NAFTA, CAFTA, and many others (including thde soon-to-be-enacted Trans Pacific Partnership, or TPP) would somehow magically create millions of new, good paying jobs here and abroad – but this, too, was a LIE. Instead, all these deals do is to further enrich the wealthiest fraction of 1%, while further stagnating domestic wages for all below them.
It is regretful that these economic conservatives have been feeding us their nonsense, and have been getting away with it, for so many decades! It is criminal that these insane liars keep spinning the same old garbage and that so many people actually continue to accept it. Their economic theories have proven bankrupt and foolhardy, yet they just keep on spouting them. Today, our resident podcaster extraordinaire, Burr Deming, explains the latest and newest conservative Republican economic folly.
The Laffer Curve hasn’t worked out.
Supply Side has pretty much ruined Kansas.
The newest Republican economic theory comes from Georgia Governor Nathan Deal.
It has lifted Mississippi from the worst economy in the nation to … well … the second worst.
It is now proposed by former Texas Governor Rick Perry.
Expect to hear it often as Republicans look for a way to explain the new Obama economic boom.
It’s the only way conservatives can look at the economic world and remain conservative.”
Link to Podcast: