Shamus Cooke: The Rich Are Destroying the Economy
Cooke ..
The rich have a win-win situation: they got free bailout money, which increased the deficit; and because the deficit is too high, the rich want higher interest rates for investing in U.S. Treasury Bonds. In both instances working people pay the bills. This insanity cannot be stopped by conventional measures, since politicians are tone deaf to anything that doesn’t ring of corporate cash. The jobs crisis continues as a result of the policy agreed to by both Democrats and Republicans .. The corporate-led discussion around cutting social programs to fix the deficits — on a state and national level — can be challenged by a nationally coordinated campaign of unions and community allies demanding: Tax the Rich! This demand is significant because it can address both the deficits and the jobs crisis: a massive public works program can be funded by taxing the corporations and the wealthy to pre-Reagan levels
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This entry was posted on Sunday, June 19th, 2011 at 10:35 AM and filed under Articles, Economics, Politics. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.
One Response to “Shamus Cooke: The Rich Are Destroying the Economy”
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Great article, thanks for posting, particularly the comments on the article itself.
Posted on 20-Jun-11 at 11:45 am | PermalinkMB