Posted on 02/05/2009 8:24:15 AM PST by Callahan
Obama is the most remarkable Democratic communicator of my lifetime, I think, and even he's not rising to the task, yet. He needs to lay out his priorities, clearly; he needs to simplify his pitch, yet he also needs to add some depth to his and our understanding of how we got here. This economic crisis is not just about bad mortgages and/or the housing bubble bursting, and it won't be solved by reinflating that bubble, the Republicans' latest dumb idea. These problems have been building since at least the 1970s. Here's how Reich laid it out on Salon....
(Excerpt) Read more at salon.com ...
Thank you!
Very much!
I hope to publish this, but maybe someone in power will listen to it and plagiarize the crap out of it, if it stops Porculus, its worth it.
In listening to your explanation, I think we are on the same page, just looking from a different angle. You call it devaluing the wage, I call it inflation. We both feel the same thing caused it, but perhaps for different reasons. I feel prices went up due to the fact that there was disposable income, you seem to be saying that the value of a dollar decreased due to there being so many workers, is that correct? I think we are both shooting the same target
I agree wholeheartedly. I wish my kids could be kids back when I was one. I was merely pointing out that the average family had more “stuff” (as George Carlin so aptly pointed out). I often point out to my kids that things are made today to be disposable so we have to keep consuming instead of making things. I am not old enough to remember with fondness the 50’s or even the 60’s ( I was born in 1967)
I listen with fondness about my dads and moms stories about growing up in the 40’s and 50’s and I know they still own some stuff from this period and still use it. I am kinda hoping that this financial collapse brings us back to those principles, cause the disposable society sure don’t work. I agree that it is an illusion, but too many people a have been convinced it is real. This is most evident that we have an illusion in the WH now.
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