Twice a week you write a column, and the thesis of that column is always the same: we, the little people, ought to want to suffer a little more in order to make sure that our reptilian corporate masters become incrementally wealthier.
Here, the superstructure you build upon your predetermined thesis is that those entrepreneurs in Racine and Yakima, to whom you have surely actually spoken rather than just making them up, are more concerned about debt than they are about the recession. Facts do not back up your assertion. Repeated public polling has shown that Americans are much more concerned about jobs than they are about debt. You dismiss the stimulus bill, whose only real problem was that it wasn't large enough, by claiming it didn't create jobs, when the more accurate statement would be that it didn't create NET jobs: it merely prevented millions more jobs from being lost.
And, of course, we could balance spending on stimulus by raising revenues, specifically by raising taxes on corporations and the very wealthy. But since you are paid very, very well by our reptilian corporate masters, you would never suggest that taxing them at the 70% rates that were commonplace until the upper class really took power with the ascension of Reagan, as such a restoration of the progressive tax code would force them to purchase a slightly less opulent second yacht. And how would THAT look?
You mock the more liberal among mainstream economists by basically calling them eggheads whose theories don't work in the real world. But the truly laughable and demonstrably false economic theory is the one which claims that making the wealthy wealthier at the expense of everyone else will result in greater prosperity for the nation. It has been tried, over and over again, and we've been trickled down on enough. This country needs more stimulus and unemployment spending, not less: while there are indeed long-term debt issues, these can be addressed quickly and easily by cutting military spending and restoring the progressive tax structure that made America prosperous throughout the mid-20th century.
Wednesday, July 07, 2010
Speaking of David Brooks
His latest column is the usual concern-trolling nonsense I expect from his unctuous, oily mouth. The real treat is in the comments that follow it: