July 24, 2012 Leave a comment
H/t: The Fifth Column
progressive politics and regressive entertainment. like peanut and butter.
April 20, 2012 2 Comments
Robert Reich appeared on The Daily Show Thursday night, making much sense on taxes, government spending, and the influence of money.
REICH: Under Dwight Eisenhower, the highest marginal income tax rate was 91%. He was a Republican. He was a former general. And, you know, nobody accused him of being a communist or a socialist. And I’m not suggesting we go to 91%. I’m just saying, in those years, we had three decades after the second World War, the economy grew faster than it’s grown since and even after all the deductions and tax credits, people at the top were still taxed around 55, 56 percent.
March 15, 2012 Leave a comment
The smart thing for governments to do in bad times is to spend more, to generate (yes) a stimulus effect on the economy when private companies are unable (or, in our current case, unwilling) to do so. Big Eddie points out that in previous recessions, such as the one faced by Ronald Reagan, Democrats and Republicans came together to do so. Now? Not so much. Government spending rose under President Reagan but has gone down under President Obama.
Back on the Block: The Difference Between Private and Public Morality
The Lefty Gazette: Robert Reich on rising gas prices: ‘This is not about supply and demand…’