Robert Reich explains the 7 Economic Lies in 2 minutes and 30 seconds. This is an old one, but a good one.
For the next week, I’m only going to post videos about the economy. Ones that breakdown the myths that we hear in the media and from the pundits. A lot of them will be from Robert Reich – an economic genius.
Watch Peter Gourevitch, political scientist and founding dean of the School of International Relations and Pacific Studies at UC San Diego, talk about austerity.
Robert Reich has served in three Presidential Administrations: Ford, Carter and Clinton. The man is a brilliant economist. Below is one of his videos:
I happen to be against continuing the payroll tax cut. I don’t think it is wise to extend it for another year. I’ve said that I didn’t like the idea of it.
That said, I saw an article that stated along with the tax cut, there would be a tax raise on those making more than a million dollars. This raise would be used to offset the financial effects of the tax cut. If there is going to be a way to make up the money Social Security loses, I would be willing to rethink my opposition to the payroll tax cut.
Since then, I’ve heard that the raise is now off the table. Now, I’m back to my original opposition.
This makes me one of what the right calls the elite. See, I can think for myself and weigh all of the options. The right doesn’t like people who can think for themselves.
They, also, don’t like the Americ
Worker. The GOO is against this tax cut.
Is that a fact?
Yes, it is.
Tax cuts / breaks for those earning more than $250,000 per year. You beach! Those people work hard for their money.
Tax cuts for the little guys. Not on you
life – the American worker is nothing more than a lazy bum looking for a handout.
Make sure you remember how the GOO is too busy making nice with the CEOs, who are jacking up their stock profits, while running away with their double digit raises, to care about what happens to the American worker.
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