P!
He still hasn’t gotten over his defeat in the mayoral election in Munchkinland.
Another liar or economic illiterate pimping marxist class-warfare propaganda...
What economics books was this guy reading? Clueless.
"what's that squeaking noise I hear?....Did someone step on that?"
So Reaganomics failed then Reich!? So what was that ass kickin’ economy I remember?
Rush has never been as good on radio as when he had the constant parodies of Jocelyn Elders and Robert B. Reicccccccccchhhhhhhhhhhhhhhhh.
The munchkin never met a wealth redistribution scheme that he did not love!
Steal his milk crate to shut him up!!!
Their savings are sent around the world to wherever they will earn the highest return. â¨<<< YESSSSSSSS!...You finally get it! What is it u don’t understand about free enterprise now???..........
http://www.youtube.com/watch?v=opxuUj6vFa4&feature=channel_page
I guess I was too busy working to catch what he meant.....
I’m not sure whether Reich got the title “his shortness” from his physical stature or his intellect. He has always been a stupid hack. Who takes anything he says seriously?
“The Tax Deal Is Nothing Short Of Ronald Reagan’s Notorious ‘Starve The Beast’ Strategy”
Pffft. We wish.
“It will not stimulate the economy.”
Well no, they won’t, because they’re not cuts. They stimulated the economy back when they were instituted, and kept it stimulated until, ironically, a stimulus bill was passed at the tail end of the Bush presidency. (Fake) stimulus destroyed (real) stimulus.
“A disproportionate share of the $858 billion deal will go to people in the top 1 percent who spend only a fraction of what they earn and save the rest.”
What country does this bastard live in? Where do the top 1 percent “save” their money? In mattresses? In mason jars in their backyards? What (proportionally) little money they “save” gets put back into the economy via banks, where it is available for others to use. The rest is usually rolled directly back into the economy through growing the enterprises that got the 1 percenters wealthy in the first place.
“Their savings are sent around the world to wherever they will earn the highest return.”
They wouldn’t have to send it anywhere else if the government would get the hell out of their way. As it is, the regulations and tax burdens have made it cheaper to ship goods all the way across the Pacific than to simply manufacturing them here. And that’s ridiculous.
Reich is a retarded runt.
It’s a good thing Walter Mondale came along when he did and brought that disastrous policy to an end with his overwhelming 1984 presidential election over Ronald Reagan.
Oh . .
Wait . .
Reich and the rats want to continue to fatten up the already-bloated “beast” at the expense of the normal, traditional American families who made this nation great. Let them all whine. Screw them.
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You betcha!
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Revisionist History Alert!
Reich is a leftist troll.
They don't save that money in shoe boxes. Consumption is only one part of the economic equation and that 70% figure gets thrown around by Leftists as if that's our economic driver.
What they don't know about because it's not in their life experience is production.