Michael Ramirez September 5, 2015 at 10:04am Share on Facebook546 Tweet Email PrintAdvertisement - story continues belowWhat do you think?
Robert Reich is one of the nationa€™s leading experts on work and the economy, is Chancellora€™s Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley.
The most troubling economic trend facing America this Labor Day weekend is the increasing concentration of income, wealth, and political power at the very top a€“ among a handful of extraordinarily wealthy people a€“ and the steady decline of the great American middle class.A Inequality in America is at record levels. I was going to say it's the left that's more of a threat, lately been really pushing that envelope too far on "social change".
C'mon FW, a bunch of fays are more dangerous than a whole Middle East run by ISIS, because we keep overthrowing Secular Dictators? And how did the Neocons get to be the biggest threat to this country; When this cocksucker came in office with a locked down Democrat controlled congress and fucked it up? Opening up our borders on every front, at a time America has never had greater nor more enemies.


Australian Deputy Prime Minister Wayne Swan went on a big tirade against US Republicans, and in particular Tea Partiers for being a massive threat to the state of the economy.
The basic gist: The Tea Partiers held up the debt ceiling deal (nearly collapsing the country) and have now foisted this fiscal cliff sequestration nonsense on the economy, thus creating a new threat.
He said "the extreme right Tea Party wing" of the Republican Party had held the national interest hostage during last year's debate over the U.S. He said it was imperative that Congress reach an agreement to support growth and avoid a "fiscal cliff" of deep government spending cuts and higher taxes in January, which he said could push the U.S.
During the actual fight itself, several German publications expressed horror that Republicans were threatening to put the world's most important market (the US Treasury market) into disarray, thus threatening the entire global economy.
He has served in three national administrations, most recently as secretary of labor under President Bill Clinton.
The 400 richest Americans now have more wealth than the bottom 150 million of us put together.Republicans claim the rich are job creators.


This is the main reason why the recovery has been so anemic.A As wealth and income rise to the top, moreover, so does political power. I mean right now "Right Now", is Obama's outright dangerous incompetence fused with malicous intent to destroy this country.
The rich are able to entrench themselves by lowering their taxes, gaining special tax breaks (such as the a€?carried interesta€? loophole allowing private equity and hedge fund managers to treat their incomes as capital gains), and ensuring a steady flow of corporate welfare to their businesses (special breaks for oil and gas, big agriculture, big insurance, Big Pharma, and, of course, Wall Street).A All of this squeezes public budgets, corrupts government, and undermines our democracy. If he and the Democratic Party stand for anything, it must be to reverse this disastrous trend. Nor can most Americans borrow as they did before the crash of 2008 a€” borrowing that temporarily masked their declining purchasing power.



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