If you look at the link, this is just more of the ‘poor black people are to blame’. ‘They’ destroyed our economy, not those guys in the corner offices on Wall Street. If people buy it, they have only themselves to blame. Since Romney is a creature of Wall Street it certainly makes sense to keep up this meme.
Really? Obama hasn’t said that America is “broke”. He isn’t insisting on tax hikes? We don’t have “taxmageddon” coming on 12/31 if he allows the Bush cuts to expire, the Obamacare tax to kick in, and the FICA holiday to lapse? We are facing one of the most devastating tax hikes in the history of this country and the only way to stop it is to elect Romney.
Let’s face it. Neither party understands MMT. The question is which party will do the least damage. At this point, I’d argue the democrats insatiable thirst for tax hikes is the most damaging.
@Warren if your still interested in running for office now is the time to buy billboards on the nations highways with the following or similar messages and sign thhem with your name and web site. “Mosler’s Law” ” Reduced deficits, a balanced budget or return to the gold standard will result in Recession possibly a Depression” ” the Fedaral Reserve sets the bond intrest rates not the so called bond vigilantes” “Standard and Poors lowered our credit rating and the intrest rate went down not up” “Austerity only causes pain look at Europe” and most importantly for me anyway. ” the young and old do not need to clash there is a better way”
People outside of the “choir” that don’t read this blog and New Economic Perspectives need to get the message then when it hits the fan they will be ready to join the “choir”
Is anyone else pissed or confused about why gas prices aren’t moving down with the drop in crude oil? WTF is that all about? I live in LA, CA and prices seem to have risen the past couple weeks as oil drops. Thoughts/insights anyone? Warren?
perhaps they are noticing a shift in demand simply due to more economical cars on the road and so to make up the difference they are keeping prices high even in spite of oil being cheaper?
I think there is a lesson to be learned here from Mit. The language that he is using Debt is like ‘prairie fire’. It just has to be switched to a budget surplus is like ‘prairie fire’ in a demand deficient economy. You probably won’t be cited for plagiarism. It may be useful to see how the mainstream using their words and learn from that. Since rational arguments don’t work with people who have theological ideas.