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Originally Posted by horseofcourse
In essence everything done is backwards and common knowledge on any specific topic is 100 percent wrong. The deficit fetish is so outlandish it's insane. Every single person in America knows the worst thing to do right now is slash government spending.
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Except those that don't realize they are insane.
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People aren't spending, business' aren't spending, the very last thing you need right now is drastic spending cuts by the government, yet that's what we do. At some point you address the deficit...mainly when the economy is good, (like in the aughts!!), but I believe dick cheney's direct quote was "deficitis don't matter". Somehow in 2009 deficits suddenly became the only game in town at exactly the opposite time it should be.
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I read something about Obama's current advisor inner circle. You might notice things have changed a bit since Rahm left. He was definitely a strong attenuating political force in there. They recommend to him that he compromise down to get anything passed (considered a success), rather than take the strong necessary stand that will be met with complete opposition. Thus we get weak tea, like patent reform, rather than an aggressive jobs program.
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Trickle down is a disaster and everyone knows it. The original author David Stockman has stated it as 100 percent fact, yet we continue it. His initial attempt with Reagan was a joke and he stated it as fact as having zero percent basis in reality.
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Stockman has since repudiated it completely as the nonsense it is.
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Inverted totalitarinaism is here completely
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I'd characterize it as a plutocracy.