Is it time for a new New Deal?

[Odysseus]

http://money.cnn.com/magazines/money...8768/index.htm

The high-tech, free-trading, wildly productive New Economy is showing its other face. Call it the Anxiety Economy. By most of the obvious measures - GDP growth, unemployment, inflation - things are good. But wages have been growing very slowly of late, and middle-class and even upper-middle-class Americans are reminded every day that their families are just a bad break or two away from a financial crisis.

More people are getting angry: The November elections heralded the arrival of a new voter bloc, the "Lou Dobbs Democrats," who blame cheap foreign labor and immigration for anxiety about our jobs.

According to Republican pollster Frank Luntz, anxiety abides, even if you don't feel personally threatened. "People think they are doing okay," says Luntz, "but that everyone else is badly off."

(cont'd)

[Tombstone RJ]

Originally Posted by Odysseus

http://money.cnn.com/magazines/money...8768/index.htm

The high-tech, free-trading, wildly productive New Economy is showing its other face. Call it the Anxiety Economy. By most of the obvious measures - GDP growth, unemployment, inflation - things are good. But wages have been growing very slowly of late, and middle-class and even upper-middle-class Americans are reminded every day that their families are just a bad break or two away from a financial crisis.

More people are getting angry: The November elections heralded the arrival of a new voter bloc, the "Lou Dobbs Democrats," who blame cheap foreign labor and immigration for anxiety about our jobs.

According to Republican pollster Frank Luntz, anxiety abides, even if you don't feel personally threatened. "People think they are doing okay," says Luntz, "but that everyone else is badly off."

(cont'd)

This article is from 2007...

[mhgaffney]

During the last 10-15 years the financial elite have rolled back the New Deal. The only thing left is Social Security.

They viewed the New Deal as an aberration -- and FDR as a traitor to his class.

Given that every political and social institution in our nation has been compromised/bought off/corrupted - the only remaining vehicle for change is a social revolution --- hopefully peaceful.

[W*GS]

Originally Posted by mhgaffney

Given that every political and social institution in our nation has been compromised/bought off/corrupted - the only remaining vehicle for change is a social revolution --- hopefully peaceful.

Bull****.

[orinjkrush]

time to ask some big questions of our American "dream".

like, in the past two decades, who has won and who has lost ground? and why?

where has the middle class gone? and Why?

why have we become so forlorn and downbeat and why?

is JFK's penis really in the Ripley's Believe it or Not museum? and why not?

[Rohirrim]

Well, it was a brilliant scheme of the Right. I think it was hatched, originally, back during the Nixon days. The New Deal programs went hand in hand with progressive taxation. One couldn't survive without the other. The Right knew they couldn't attack the programs. The people loved them. So, first, the Right attacked the taxation. Why should the oppressed rich pay more? it's just not fair. Oh, and the estate tax robs Billy Bob from inheriting Grandpa's farm. And why have capital gains tax? It kills jobs. Once they had the tax cuts for the rich all lined up they could turn around and tell the yokels, "Gee, we just can't afford all those New Deal programs anymore. Besides, you don't want to be a socialist, do you?" Worked like a charm.

[Odysseus]

Originally Posted by Tombstone RJ

This article is from 2007...

It is still relevant.

[Bob]

I think what we have been getting with few exceptions since 1933 has been one long "new" deal... perhaps we should try liberty for a change?

[Tombstone RJ]

Originally Posted by Odysseus

It is still relevant.

not really because a lot of it has already come true. We are past the "worst case scenario". What's the point of posting an article for 2007 when the crises hit in 2008?

What's relevant is how to get the US economy back on track.

[Odysseus]

Originally Posted by Tombstone RJ

not really because a lot of it has already come true. We are past the "worst case scenario". What's the point of posting an article for 2007 when the crises hit in 2008?

What's relevant is how to get the US economy back on track.

The worst is not behind us. That is the whole point. Do you know what caused the crisis in 2008? Do you know why the crisis will return? A new New Deal will focus not only on returning us to a road of shared prosperity but will take us off the road to ruin which, apparently, nobody gets we are on.

How do you get the economy on track when the whole basis for what you believe is real is wrong? How do you educate the public about the new paradigm and the new considerations that we now have to put first instead of last?

The problem is uniting under a shared vision. A new New Deal is, perhaps, one solution towards revisiting that. If our national wealth is more important than the wealth of a few we, as a group, will prosper instead just a few.

[Odysseus]

Originally Posted by Bob

I think what we have been getting with few exceptions since 1933 has been one long "new" deal... perhaps we should try liberty for a change?

Who pays for this free liberty?

[Odysseus]

Originally Posted by Rohirrim

Well, it was a brilliant scheme of the Right. I think it was hatched, originally, back during the Nixon days. The New Deal programs went hand in hand with progressive taxation. One couldn't survive without the other. The Right knew they couldn't attack the programs. The people loved them. So, first, the Right attacked the taxation. Why should the oppressed rich pay more? it's just not fair. Oh, and the estate tax robs Billy Bob from inheriting Grandpa's farm. And why have capital gains tax? It kills jobs. Once they had the tax cuts for the rich all lined up they could turn around and tell the yokels, "Gee, we just can't afford all those New Deal programs anymore. Besides, you don't want to be a socialist, do you?" Worked like a charm.

The problem is if we don't get smart about what really happened, what really is happening, and unite on a direction that isn't slamming into a wall the crisis in 2008 will be a kind memory because what caused that is still in process.

I like Apple stock because it's fun but it's being pushed up by speculation. It's not all that sweet a stock. Two questions will unmask what is going on for real. Where has there been a bull market for 10 years and who is driving that bull market.

If we don't share what we know then if deflation hits the richest guy will have the most toilet paper.