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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (81702)

7/6/2018 11:44:38 AM

From: koan

Read Replies (1) | Respond to of 364734

The GOP never recognizes we live in a "society" and it is important to keep that society healthy by keeping the people in the society health; and that often means using the societies wealth for things like education and health care and shelter.

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The wage issue is kinda cool. CEOs don't want to pay workers. This is showing up in the numbers again today. When voters force them to pay more, they pay more. Where does all the money that used to go to workers go? To them, the board and investors. Machines do the work, investors get the profits and the country declines (GDP is rapidly becoming irrelevant). How much a machine produces doesn't tell us much about the economy.

We'll need to switch to a system based on consumer spending to tell us how the economy is doing and forget GDP.

To: zzpat who wrote (81702)	7/6/2018 12:33:20 PM
From: Katelew	Read Replies (3) \| Respond to of 364734

How about focusing on consumer saving instead of spending? When an economy is stellar enough that people can spend somewhat freely but still have enough left over to save, that's a great economy. Just a thought---not an argument.

To: zzpat who wrote (81702)	7/6/2018 12:39:00 PM
From: Wharf Rat	2 Recommendations Recommended By bentway Terry Maloney Read Replies (1) \| Respond to of 364734

"We'll need to switch to a system based on consumer spending to tell us how the economy is doing and forget GDP" Bobby Kennedy on GDP: 'measures everything except that which is worthwhile University of Kansas, March 18, 1968 Even if we act to erase material poverty, there is another greater task, it is to confront the poverty of satisfaction - purpose and dignity - that afflicts us all. Too much and for too long, we seemed to have surrendered personal excellence and community values in the mere accumulation of material things. Our Gross National Product, now, is over $800 billion dollars a year, but that Gross National Product - if we judge the United States of America by that - that Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder in chaotic sprawl. It counts napalm and counts nuclear warheads and armored cars for the police to fight the riots in our cities. It counts Whitman's rifle and Speck's knife, and the television programs which glorify violence in order to sell toys to our children. Yet the gross national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country, it measures everything in short, except that which makes life worthwhile. And it can tell us everything about America except why we are proud that we are Americans. If this is true here at home, so it is true elsewhere in world.