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on point's Journal
Posted by on point in Latest Breaking News
Tue Aug 02nd 2011, 10:42 AM
One of the problems we face is that economic model and analysis used by the repukes, and now obviously by Obama is wrong.

The whole supply-side model does not work. We got into the economic difficulty, including the large accumulated debt and the deficit by following this model.

The longer we follow this model, the worse our economic situation will get and the more everyone will stand around saying 'gee it's bad and getting worse what can be done to fix the economy?"

There can be no fix unless the erroneous diagnosis is dropped. Big business and the wealthy are not starving for capital, they are awash in it.

Robert Reich and Paul Krugman have got it correct, but no one is listening to them, least of all the President who seems beholden to the Chicago School of Economic Fools who brought us this supply-side delusion.

It is no accident that there is a population overlap on right between those people who don't believe in science (evolution, the age of the earth greater than 5000 years, climate change), don't know history (the repukes created the debt, 6 Trillion under the Bush the Liar alone and debt cutting only makes the recession worse as any empirical study will show), and are not fact based logical people. They BELIEVE in things. Facts and logic do not matter to them Our country is in the hands of delusional fools and until they start being called out on all of these things, we are headed for the destruction of the country. I am afraid it will only be this that will finally force them to open their eyes and go 'oh I guess we were wrong". I only hope then there are enough pieces left to try and put the country back together again.
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