The Mudcat Café TM
Thread #109917 Message #2304636
Posted By: Jack the Sailor
02-Apr-08 - 01:30 PM
Thread Name: BS: Election debate instead of insults?
Subject: RE: BS: Election debate instead of insults?
Wolfgang,
I came here from Canada, a country where the majority of the citizens doe consider social justice a worthy goal. I will tell you that many Americans, even kind generous ones, do not. They think that everyone should have to work for every cent. Making sure that poor people work for what they get is what they consider social justice.
I think that that writers analysis is way off the mark and that his conclusions do not follow from evidence he presents in subsequent paragraphs.
One thing he needs to consider is that the opinion poles he is reading are not designed to get an accurate gage of public opinion. They are designed to support the idea of the horse race between the two candidates and to keep that horse race exciting.
This is how I think it is. There are very very few people who support Obama now who won't vote for him in November. Same for McCain. The vast majority are undecided.
There is a religion in this country that is merely a discredited economic theory in the rest of the world. It stems from Ronald Reagan's "Reagonomics" Which basically said that tax cuts to the rich stimulate the economy and everybody benefits.
It was a confidence game then. It is a confidence game now. Back then when Reagan cut taxes, the economic engine was fueled by astronomical debt and military spending. The effect of the tax cuts was buried in an avalanche of debt. Reagan gave credit to the tax cuts that was not deserved. It is worthy of note that when Bush's father took office, Reagan's fiscal irresponsibility bit him in the ass and Propelled Clinton to power.
Our Bush, cut taxes and has been saying for seven years that his tax cuts have been the engine for economic growth. Mean while the biggest growth engine in the economy has been artificially low interest rates and a lack of oversight on the banking industry which mad a lot of bad loans, infusing cash into the economy, and then collected their fees and then sold the debt as bonds which were fraudulently sold as top rated bonds. There has also been record military spending but since a lot of that was spent over seas and has gone to shell businesses in the Caymen Islands and elsewhere, the economic stimulus from this spending has not been as great as in Reagan's time.
But still, the taxpayers see tax cuts for the wealthy and general prosperity at the same time, and since the mouth piece, figure heads keep repeating the mantra, they end up voting for tax cuts for the wealthy.