Please, next time add a Barf Alert to commie propaganda like this.
the myth is that spending creates job
as opposed to investing create jobs
They’re not the same
In what world can an economics Ph.D. be so flamingly ignorant and obtuse, especially about his first “point?” My only answer to that is that he’s never held a real job in his life so he has no insight to how things work.
Hey Reich, where do you think the middle class gets the money to spend ( besides those that work for the government or are on the government dole )?
( On a side note: I always suspected that Reich held 2 cabinet positions. Donna Shalala was just him in drag. Never saw the two of them together )
A sawed off little troll who has a chip on his shoulder. Nothing but a little communist/socialist whose only credentials are that he was a friend of Slick in college.
“The free market doesn’t exist in nature. It’s created and enforced by government.”
Gee, just like Obamacare.
But it’s not rigged when big money comes from Soros, Gates, Zuckerburg, etc. and unions?
Give me a break! Reich used to be a lot smarter when he was six feet tall.
Communist, a short communist.
The real job creators are small businessmen. CEOs often use government to block competition from emerging, preventing job creation. Government can only compel, not create, and consistently sides with the crony capitalists who want government protection from competition and can afford to pay for influence. Spending by the working class and the poor creates demand, which is different from jobs, unless you want to count the jobs created in China and Indonesia. It’s the little guy working 80 hours a week who creates jobs as he hires people to fill the roles he has created.
The free market is what exists in nature when both sides have the integrity to choose voluntary exchange and the power to refuse outside compulsion. Government is force, the opposite of freedom. We need some government to protect against those with no integrity, but today’s bloated FedGov has become exactly what a limited constitutional government was supposed to protect the people against.
We should worry about the size of government, which must be small enough that it is not “for” anyone. Government should be for freedom - providing for common defense and securing the blessings of liberty. Any government big enough to be for one group over another is big enough to be worth controlling and manipulating, big enough to attract exactly those people that it is supposed to defend us against.
There are tons of evidence that “economists” like him are WRONG, and Economists like Thomas Sowell are RIGHT, but the failure of socialism and all forms of wealth redistribution do not deter liberals one single bit.
If it doesn’t work, nobody calls them on it, it isn’t recorded for future reference, the failure of liberal economic policies simply goes down the memory hole, chalked up as wrong time/plan/leadership/execution/funding, etc.
They NEVER, even for one gazillionth of a second, consider that the fundamental idea of theirs, that wealth production lies DEFINITIVELY in the hands of each worker, and not in any form in the people who take chances, invest their money and build a business.
Amazing.
I detest liberals and everything about them.
I hate to break it to him but the free market most certainly exists in nature. Maroon some folks on an island and a market will emerge without government initiatives.
Government is the servant of the people as they inhabit the market; when it starts thinking it’s the boss it destroys the market and then the people.
I hate to break it to him but the free market most certainly exists in nature. Maroon some folks on an island and a market will emerge without government initiatives.
Government is the servant of the people as they inhabit the market; when it starts thinking it’s the boss it destroys the market and then the people.
Where does their money to spend come from, Bob...can I call you Bob?? In the midget's world, obviously from government largesse.
isn’t this guy late at the Elf 2 set.
Wretched little dwarf that he is. He perverts economic principles to support his elitist big government argument
“Macroeconomics” is the pretend scientific study of non-scientific phenomenon by persons who do not understand anything much about the reality of their subjects’ variables, in order to do something apparently useful with a very expensive Ivy League education.
GM & their unions, big pharma, big agriculture (ethanol subsidies, etc.), Solyndra, Keystone XL pipeline (gotta keep Warren Buffet & his railroads happy), George Soros, et al.
"The free market doesn’t exist in nature. It’s created and enforced by government."
The free market doesn’t exist in nature. because Government weenies like Robert Reich have destroyed it with endless rules and regulations that are It’s created and enforced by government.