Robert Reich: 'Austerity Is a Terrible Mistake'

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signalmankenneth

Verified User
Sustained recovery is only possible if the middle and working classes have money to spend.

http://www.alternet.org/print/economy/robert-reich-austerity-terrible-mistake

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The biggest lie yet by a leftit dunce like Reichtard; that we are experiencing austerity. Only unthinking gullible twits can fall for the ignorant gobbledeygook that erupts from the Reichtard.
 
Truth Detector said:
The biggest lie yet by a leftit dunce like Reichtard; that we are experiencing austerity. Only unthinking gullible twits can fall for the ignorant gobbledeygook that erupts from the Reichtard.
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Shut up retard.

Everything you say is the exact opposite of the truth.
 
There is a reason the market does substantially better under democrats.
The astounding economic ignorance of the right.
 
Rune said:
Shut up retard.

Everything you say is the exact opposite of the truth.
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hey... TD is the smartest motherfucker in the universe. Doubt it? Just ask him! He's smarter than a West Point valedictorian four star general, and he's smarter than a Nobel Laureate in Economics.

Now... I'll grant you that he never actually DEMONSTRATES any of that supposed brilliance, but he certainly proclaims it in very convincing fashion!
 
maineman said:
hey... TD is the smartest motherfucker in the universe. Doubt it? Just ask him! He's smarter than a West Point valedictorian four star general, and he's smarter than a Nobel Laureate in Economics.

Now... I'll grant you that he never actually DEMONSTRATES any of that supposed brilliance, but he certainly proclaims it in very convincing fashion!
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:legion:
 
Threedee said:
Anyone?
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Both of you could have read the link;
Reich, 67, argues that the human costs of sweeping cuts to unemployment benefits and to food stamps in the US and to social security in the UK needs to be highlighted urgently and in tandem with any discussion of the policy's economic futility. "With austerity you have only to think for half a moment about the economic reality," he says. "The issue is not the deficit per se. The issue in all our countries is the ratio of the deficit to GDP – to the entire economy. And if you embrace austerity and thereby reduce economic growth you actually end up potentially in a worse place than you started, with a higher ratio of public debt to GDP. At the same time you are generating huge amounts of human suffering unnecessarily. It takes a huge toll on individuals, on families and on communities."With no sign of austerity abating, the veteran campaigner warns against heeding declarations from politicians on the right, such as the chancellor, George Osborne in Wednesday's budget [5], as they boast of recovery and insist that the upturn in the UK's economy means the austerity medicine is working and more cuts are necessary [6]. Rather, he stresses, the post-crash recovery has been "the most anaemic recovery from a deep recession on record", pointing out too that "95% of the economic gains since the recovery began in 2009 [in the US] have gone to the top 1%", and that continuing to slash public expenditure is plain wrong.
 
maineman said:
hey... TD is the smartest motherfucker in the universe. Doubt it? Just ask him! He's smarter than a West Point valedictorian four star general, and he's smarter than a Nobel Laureate in Economics.

Now... I'll grant you that he never actually DEMONSTRATES any of that supposed brilliance, but he certainly proclaims it in very convincing fashion!
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When did he fuck your mother and is he your real father?
 
Rune said:
I know someone who recently became unemployed. Why should this person get 24 weeks when so many others got 99?
How can anyone on the planet justify cutting food stamps?
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simple it isn' their money.

Feed them yourself if you care so much. Otherwise STFU. It is easy to be generous with other peoples money. Nothing brave in taking that stance at all. Any pussy can do that
 
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