Robert Reich explains the economy
 

Pretty good stuff:

Much of the deficit is due to:
A) spending too much
B) lack of income

Correct answer, here: Robert Reich explains the "what's wrong with the economy" in 2 minutes, via pictures

http://www.youtube.com/watch?feature...&v=JTzMqm2TwgE

And more (the proven myth that "trickle down" is an effective economic policy)

http://www.youtube.com/watch?v=ozMpj...layer_embedded

Any mention of derivatives? If not...



CRINKLE






















TRASH CAN

:zz: Trading exotic derivatives helped cause the economic collapse, but have nothing to do with the deficit.

You are kidding right?

Watched the HBO movie Too Big to Fail last nite about the 2008 financial crisis..derivatives vaguely mentioned but it was the Geitner/Paulson show and all the back door under the table dealings...boggles the mind...:zz:

No. Seriously. Tell me how Wall Street, recklessly trading financial derivatives, which caused the economic crash and helped the housing crash along, caused our deficit?

So tell me how the bailouts, the additional safety nets for unemploymnent, the growing welfare roles didn't increase our deficit?

It added to it, but it was a very minor addition. How was the deficit caused by or due to derivatives trading?

The massive deficit occurred before for years before the economic crash that caused the Great Recession:



And the deficit was caused primary by the Bush Tax Cuts and the Bush Wars in Iraq and Afghanistan:



Did you watch the Reitch videos? I think he does a good, clear job.

Just keep listening to him. You're not going to be swayed by anyone that doesn't gag on O's cock anyways.

Who's your favorite economist? What caused the deficit? Where do you think Reitch is wrong?

i laughed alot.:tro::tro:

An economist decided to make videos explaining that if you spend to much and don't make enough you will be in the red. That was really nice of him to explain that for you.

to the economist:


Attachment 2004

You didn't watch the video, obviously - because that's not what was said.

He was trying to explain it to the Republicans and other idiots who refuse to raise taxes. They clearly don't understand the concept, and reveal their ignorance daily in Washington.

You've supported trickle-down economics on this board. Now you agree it's wrong?

As Reich explains spending too much was not the problem that got us here, or keeps us here - it was decreasing our income by giving away free tax cuts. The answer to the question is not both A) and B) - it's only B)

And the fiscally ignorant in Washington (Paul Ryan, especially you!) continue to think that we can austerity ourselves into financial wellness on a part-time income. As Reich explains, that is not only wrong, but impossible - and not at all what the economy needs. And will drive our deficit to trillions more, very quickly. And put us very readily back in a depression.

Too bad you clearly didn't watch the video, either, before wrongly assuming what was said :D

Didnt need to watch the video, you summed it up right there for everyone. I suppose you didnt watch it either.
You seriously don't think overspending is an issue that had an effect? :wf

FTFY..

Not exactly, the effect is the noun/result.

Your are correct, my bad...:o

:D