White House debt talks collapse

Armistead · 07-26-11, 10:48 AM

Neal, I think you're leaving out what made this country the greatest nation on earth, we built a strong middle class. How was this done, strong regulation that gave workers a fair shake, min wages, benefits, safety protections, breaking monoploies, fair tax codes, trade laws,..on and on.
We had the highest tax rates when we built the middle class and social services were low.

The problem with less regulation and taxes is we think the elite will do the right thing, it doesn't and hasn't worked that way in decades and won't in a global market. We did lessen regulations, tax cuts under Bush, trade laws, NAFTA, etc..told this would create mass jobs, it did the reverse. Study what happened the last corporate holiday, jobs were lost, profits were invested in stock here...no jobs created.

What it did was build and elite class where about 10% now hold 80% of all real wealth. Millions forced into poverty, no health insurance, etc. Both parties saw all the wealth going one direction, so the answer was more social services to keep americans calm why the rich got richer. Now the GOP wants to keep the rich richer and I assume use the herd mentality and let the poor die off. However, the number in poverty has now exceeded what can be paid. The answer, do what we did to create a strong middle class before, but sadly corporate america owns both parties now.

Many really do seem to believe the more breaks you give corporations, the more they will give back.

Our government failed us as the economy went global, instead of setting law to make a global economy work for us, they sold out to special interest and it now only works for a few. Neither party is addressing this, the GOP wants it to continue, so do the Dems, they just want the elite to pay for the social programs since they get so much favor to gain wealth.

Every leading economist, all extreme wealthy men like Gates, Buffet, Trump says our future will be a two class society. Many today still live a middle class life, but they do so in debt, they trust employers for med insurance, etc... Facts show another crisis could throw another 50 million americans into poverty. Studies say another 50 million will lose med insurance in the next decade, but the rich will get even richer. We even here some GOP members like Bachman that want to get rid of min. wage..

Instead of bringing back jobs here the correct way, by undoing all the mess that created the problem, the GOP is saying Americans must get down to the working levels in third world nations.
That we must accept $2 per hour, no benefits, no safety regulation, etc.. If congress isn't willing to bring back laws that keeps jobs here, then no matter what breaks you give corporations they will do business where they can the cheapest. It's very dangerous to use US wealth and assets creating stronger economies in nations that may one day want to run us over.

07-26-11, 10:48 AM	#12
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	Neal, I think you're leaving out what made this country the greatest nation on earth, we built a strong middle class. How was this done, strong regulation that gave workers a fair shake, min wages, benefits, safety protections, breaking monoploies, fair tax codes, trade laws,..on and on. We had the highest tax rates when we built the middle class and social services were low. The problem with less regulation and taxes is we think the elite will do the right thing, it doesn't and hasn't worked that way in decades and won't in a global market. We did lessen regulations, tax cuts under Bush, trade laws, NAFTA, etc..told this would create mass jobs, it did the reverse. Study what happened the last corporate holiday, jobs were lost, profits were invested in stock here...no jobs created. What it did was build and elite class where about 10% now hold 80% of all real wealth. Millions forced into poverty, no health insurance, etc. Both parties saw all the wealth going one direction, so the answer was more social services to keep americans calm why the rich got richer. Now the GOP wants to keep the rich richer and I assume use the herd mentality and let the poor die off. However, the number in poverty has now exceeded what can be paid. The answer, do what we did to create a strong middle class before, but sadly corporate america owns both parties now. Many really do seem to believe the more breaks you give corporations, the more they will give back. Our government failed us as the economy went global, instead of setting law to make a global economy work for us, they sold out to special interest and it now only works for a few. Neither party is addressing this, the GOP wants it to continue, so do the Dems, they just want the elite to pay for the social programs since they get so much favor to gain wealth. Every leading economist, all extreme wealthy men like Gates, Buffet, Trump says our future will be a two class society. Many today still live a middle class life, but they do so in debt, they trust employers for med insurance, etc... Facts show another crisis could throw another 50 million americans into poverty. Studies say another 50 million will lose med insurance in the next decade, but the rich will get even richer. We even here some GOP members like Bachman that want to get rid of min. wage.. Instead of bringing back jobs here the correct way, by undoing all the mess that created the problem, the GOP is saying Americans must get down to the working levels in third world nations. That we must accept $2 per hour, no benefits, no safety regulation, etc.. If congress isn't willing to bring back laws that keeps jobs here, then no matter what breaks you give corporations they will do business where they can the cheapest. It's very dangerous to use US wealth and assets creating stronger economies in nations that may one day want to run us over.