Bachmann to rebut SOUA

[Z06PDQ]

HotAirPundit: Michele Bachman To Give "Alternate" Rebuttal To State Of The Union Address

[ChasC5]

It’s always entertaining to hear from the Intellectual Right.

[Exotix]

*Who in their right mind would miss this ?*

~ Disk jockey to radio audience on an upcoming Marilyn Manson show ...

[mrvette]

She is much too nice......put ME up there, and I"ll make that man look like a jackwagon in a nanosecond......

he would be forced to resign.....seriously.....

Beck is much too nice......

[Exotix]

Originally Posted by mrvette

She is much too nice......put ME up there, and I"ll make that man look like a jackwagon in a nanosecond......

he would be forced to resign.....seriously.....

Beck is much too nice......

You would've been better at the (R) Value Voter's Summit ... only requirement was to be able to speak in right-wing mental asylum ...

[mrvette]

Originally Posted by Exotix

You would've been better at the (R) Value Voter's Summit ... only requirement was to be able to speak in right-wing mental asylum ...

Just WHERE did you get your political education???

seriously.....where???

[Z06PDQ]

opdnews.com

The President will have to devote a big part of his speech to the economy, but which economy? Corporate profits are up but jobs and wages remain in the doldrums. People with lots of financial assets, or who are deemed "talent" by large corporations, are enjoying a solid recovery. But most Americans continue to struggle.

In order for the public to understand what must be done, the President has to be clear about what has happened and why. Corporations are profiting from sales of their foreign operations, especially in China and India. Here at home, they're catering to rich Americans. But an important key to their profits is their reduced costs, especially payrolls. The result has been fewer jobs and lower pay.

The Great Recession accelerated trends starting three decades ago -- outsourcing abroad, automating work, converting full-time jobs to temps and contracts, undermining unions, and getting wage and benefit concessions from remaining workers. The Internet and software have made all this easier.

He should point out that the U.S. economy is now twice as large as it was in 1980 but the real median wage has barely budged. Most of the benefits of economic growth have gone to the top. In the late 1970s, the richest 1 percent of Americans got about 9 percent of total income. By the start of the Great Recession they received more than 23 percent. Wealth is even more concentrated.

This is the heart of our problem. Most Americans no longer have the purchasing power to get the economy moving again. Once the debt bubble burst, they were stranded.

The President should make it clear corporations aren't to blame. After all, they're designed to make profits. Nor is it the fault of the rich who have played by the rules. The problem is the rules need fixing. He should stress that a future with no jobs or lousy jobs for most Americans is not sustainable -- not even for American corporations, whose long-term profitability depends on the revival of broad-based domestic demand. (Watch out for the upcoming "correction.")

The solution is to give average Americans a better economic deal.

For starters, he should propose to expand the Earned Income Tax Credit (essentially, a wage subsidy) all the way up through the middle class. And he should make the tax system more progressive: The rate on the first $50,000 to $90,000 of income should be cut to 10 percent; the next $90,000 to $150,000, 20 percent; and the next $150,000 to $250,000, 30 percent. Make up the revenue by increasing taxes on the next $250,000 to $500,000, to 40 percent; from $500,000 to $5 million, to 50 percent; and anything over $5 million, 60 percent. Tax capital gains the same as ordinary income.

In addition, he should call for strengthening unions by increasing penalties on employers who illegally deter them.

He will have to call for reducing the long-term budget deficit, but must make sure to distinguish between public investments that build future productivity (education, infrastructure, and basic R&D) and expenditures that improve our lives or keep us safe today. The former -- essentially the nation's "capital expenditures" -- shouldn't be cut at all. Indeed, they should be substantially increased. A "capital budget" separate from the regular federal budget would help draw this fundamental distinction.

Finally, he should recommend that Congress make college affordable by allowing federal loans to be repaid as 10-percent of earnings for the first 10 years of full-time employment.

Importantly, he should make it clear this isn't redistribution. These measures would be good for everyone. Rich Americans will do better with smaller share of a rapidly-growing economy than a large share of one that remains in a deep hole.



Robert Reich
Robert Reich is Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written twelve books, including "The (more...)

[Exotix]

Originally Posted by mrvette

Just WHERE did you get your political education???

seriously.....where???

Probably where your children did ... from you ...

[mrvette]

Originally Posted by Exotix

Probably where your children did ... from you ...

THEN IF you bothered to listen to ME, instead of your commie profs....you would actually KNOW something....

so which brand name was on your indoctrination institution...???

[Exotix]

Originally Posted by mrvette

THEN IF you bothered to listen to ME, instead of your commie profs....you would actually KNOW something....

If Libs are *tolerant & compassionate* then how come your children set to flight so far the hell away from you , that your existence is relegated to posting the same stuff on forums ... that set your children into flight ... oh, and blaming their mother ain't mak'n it ....

[ChasC5]

Originally Posted by mrvette

She is much too nice......put ME up there, and I"ll make that man look like a jackwagon in a nanosecond......

he would be forced to resign.....seriously.....

Beck is much too nice......

Yea Yea and don't forget your Gun, please don't forget your Gun.

Also, don't forget to reach for it.

It will be entertaining target practice for the SS.

[mrvette]

Originally Posted by ChasC5

Yea Yea and don't forget your Gun, please don't forget your Gun.

Also, don't forget to reach for it.

It will be entertaining target practice for the SS.

Too many friends on the SS, Postal Insp, DHS, and one FBI and one CIA the CIA guy was beyond top secret, he was one of the chiefs....

so show me where Beck is rong?? come on you two....

pony UP.....

[ChasC5]

BS

Originally Posted by mrvette

Too many friends on the SS, Postal Insp, DHS, and one FBI and one CIA the CIA guy was beyond top secret, he was one of the chiefs....

so show me where Beck is rong?? come on you two....

pony UP.....

Beck could bust a grape with his foot.

All this talk about Guns is just that.

When in fear, pretend to be a bad azz