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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (144867)	8/1/2014 8:50:35 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 149317

"The US once was known for a massive and vibrant middle class. That was Capitalism at work" That was either socialist capitalism or capitalistic socialism at work.The MC began with SS and unions (and cheap and abundant energy), became much more robust with Medicare, and began to fall apart on 1/20/81. Not coincidentally, the rise of the MC gave birth to teenagers, which was very cool for my gen. "our government centrally plans our economy in many ways" LMAO. No, it doesn't. Governments always manage and allocate money less efficiently than millions of individual's serving their own economic interests" Not true. Right now it is taking a tiny bit from the rich, and giving it as food stamps to the poor, who only exist because of the inefficiencies of the system. Millions of individuals end up allocating their share to the Waltons, Kochs, Buffets, and Gates of the world. " it has left our economy in very slow growth mode and a yawning rich/poor divide. Most now blame that on Capitalism" More like bad tax policies and finite resources. I blame the former on Raygun, and the latter on the aliens who settled on Earth, instead of of on another, much larger, planet in a galaxy far far away. We need to replace capitalism with a steady-state economy of some sort, or we could exterminate all non-Americans and keep the party going for a while longer, until the planet gets too hot. "we will pay dearly for our own ignorance of economic history" More like "we will pay dearly for our own ignorance". We think we are smarter than yeast on a petri dish, while all the evidence clearly indicates we're not.