A Sea Of Red

http://www.nytimes.com/2012/11/04/busin ... wanted=all&

This is a pretty interesting take on some of the economic problems we have today and potential ways to solve them. I really appreciate a NY Times article saying both parties are wrong to redistribute wealth to the middle class. The idea of a regressive capital gains tax is one I'd love to see fleshed out as it's got serious potential but may need a cap on how far down it can go. The statements about education are spot on and identify just one massive flaw with our almost completely broken education system.

It's kind of just for votes, unfortunately. Every American thinks theyre in the middle class. The fact is, ironically, Obama's economic policies favor the rich, because of the massive inflation he's presided over. The rich can always protect themselves from it. The middle and lower class can't. Personally I do what I can to protect myself even though I don't make much at all, but it's enough to be happy and get by.

But then again, Marx would be proud that we've divided our society into classes.

jbock13 wrote:It's kind of just for votes, unfortunately. Every American thinks theyre in the middle class. The fact is, ironically, Obama's economic policies favor the rich, because of the massive inflation he's presided over. The rich can always protect themselves from it. The middle and lower class can't. Personally I do what I can to protect myself even though I don't make much at all, but it's enough to be happy and get by.

But then again, Marx would be proud that we've divided our society into classes.

I never felt more patriotic then when I was in the 2/3 grade combined!

Middle class has a lot to do with where you live. My wife and I would be poor if we lived in San Diego with our current income. We'd be wealthy if we lived in Tupelo

The article starts out great with this:

It’s not the Federal Reserve. The Fed has been injecting more and more capital into the economy because — at least in theory — capital fuels capitalism. And yet cash hoards in the billions are sitting unused on the pristine balance sheets of Fortune 500 corporations. Billions in capital is also sitting inert and uninvested at private equity funds.

However, the author doesn't point out that the real problem is the Federal Reserve! Printing money is not capital. Ben Bernanke believes that treasury notes aren't real money. How does the chairman of the most powerful cartel in the world not believe our money isn't really money? You can't make this up. Artificially low interests rates are the worst things right now for the economy. He needs to go.

jmdickens wrote:The article starts out great with this:

It’s not the Federal Reserve. The Fed has been injecting more and more capital into the economy because — at least in theory — capital fuels capitalism. And yet cash hoards in the billions are sitting unused on the pristine balance sheets of Fortune 500 corporations. Billions in capital is also sitting inert and uninvested at private equity funds.

However, the author doesn't point out that the real problem is the Federal Reserve! Printing money is not capital. Ben Bernanke believes that treasury notes aren't real money. How does the chairman of the most powerful cartel in the world not believe our money isn't really money? You can't make this up. Artificially low interests rates are the worst things right now for the economy. He needs to go.

Agreed. The Federal Reserve has done more damage to our economy than any other single entity. Seeing that any political candidate that thinks that is automatically attacked by both parties, and presented in the poorest possible light by every media source (if they are acknowledged at all), then the next best option is finding a way to take the screwed up system and at least put policies into place that might help maximize what we do have.

jbock13 wrote:Every American thinks theyre in the middle class.

Speak for yourself, hobo. I am the 1%. Get on my level.

Jokes. I make jokes.