Republicans want to kill the government that accomplished that. They want to go back to Downton Abbey days. The rich stay rich; the poor stay servants.
Imagine that a substantial group of the most prominent astronomer insisted that the sun goes around the earth, as anyone can plainly see. There would likely be huge numbers of people who refused to accept that the earth goes around the sun. This is the state of modern economics.
It is therefore somewhat amazing that the last 40 years of experience, and the trillions and trillions of dollars spent, have done nothing to alleviate poverty. Which begs the question, have anti-poverty programs supported by Republicans and Democrats for decades been a colossal failure?
According to an aide present at the weekend retreat, Rep. Paul Ryan brought a version of John Maynard Keynes treatise, The General Theory... as a joke. "He thought he'd crack Eric and John up, but a funny thing happened when they started flipping through the book," the aide said.
For a three-month period, every American will get a perfect credit score, and the federal government will guarantee all loans made as a result of this "score stimulus."
The American people don't serve Paul Ryan. They're not "The Help." He's "The Help." And right now, by demanding austerity that Americans already rejected, Paul Ryan is back-talking the boss. It's insolent, insubordinate and disrespectful.
The fact that government devotes too much to Social Security is no argument for spending too much on the military. With the threat of runaway deficits, debts, and interest payments, the U.S. cannot afford any budget sacred cows.
We need active industrial and social policy on an ambitious scale if we are ever to put this economy back onto the high-investment, high-wage growth trajectory from which the Reagan years took us away.
The U.S. has not had a budget in four years. As the country increased the national debt by about $5 trillion in deficit spending, it never went over budget. Ridiculous, no?
The wealthy are well represented, as is their worry over a potential raise in their tax rate. The media largely ignore the poor and the unemployed, however, those most suffering in the economic climate.
What happened to jobs? The pubic wants government to do something about jobs and getting the economy moving, and in D.C. the only thing is this weird argument about ... anything but jobs and getting the economy moving!
Henry Ford famously decided in 1914 to pay many of his workers the then incredible sum of five dollars a day, which was substantially higher than the prevailing wage at the time. Ford's revolutionary approach to industrial wages should now be applied to America's retail sector.
The challenger will always try to talk down the economy. Obviously we're far from out of the woods. The GDP is growing barely at trend, unemployment is still too high, and millions of foreclosures remain in the pipeline, though filings are at the lowest level since July 2007. So it's a mixed bag, but nothing like the dark picture that Gov. Romney and his supporters have been trying to paint. We're slowly sailing out of a storm. Too slowly, in my humble opinion, due to the refusal of policy makers other than Bernanke and Co., to put some policy-induced wind in the economy's sails. But remember, when Bob Dole tried Romney's argument back in 1996, it was a huge loser for him. The timing isn't nearly as supportive for the president, but the truth is that things are slowly getting better and Romney's claims to the contrary may be drowned out by this reality.
Ron Baron refused to reveal his choice for president, but he dropped major hints that he thought his customers were not seeing things the right way. He noted that while many of his wealthy friends voted for Obama in 2008, most were switching to Romney. He seemed puzzled by that.
emale voters want solid answers to real concerns, and Tuesday night will be the last best chance for both candidates to appeal to them. And what do these majority voters want?
I have been receiving many hate-letters since speaking at the RNC. Here is a response to one letter from a small business owner.