Epstein Secrets

have little or nothing to do with government programs. In fact, Medicare is far more efficient than private health insurance. As such I agree with Reich that the President forget about a "grand bargain." In fact, he should stop talldng about the budget deficit and start talldng about jobs and wages,

who supported income equality, gay and women's rights, as well as an economy that grows bottom up instead of trickling down, as thirty-plus years of Reaganomics has proven a disaster for the Middle Class. Mitt Romney and his supporters pooh-pooh President Obama as a community organizer. But if they think th

ount " The other difference is that now the super-rich are global. And that's not sort of a cultural ch

e Reagan, he also began his term with an economic slump, then claimed that the recovery from that slump proved the success of his policies. And like Reaganomics — but more quickly — Bushonomics has ended in grief with the economy in free-fall on a way to a full-fledged depression. The root of the problem ca

ows that too much concentration of wealth at the top, and too much stagnation everywhere else indicate an economy nearing collapse. For example, as Reich shows (Figure la & b), both the crashes of 1928 and 2007 followed on the heels of peaks in which the top i% owned 25% of the country's total wealth.

onally or not, serves to concentrate wealth at the top by extracting it from everywhere else. This belief system is called variously neoliberalism, Reaganomics, the Chicago School, and trickle-down economics. It is easily recognized by its signature ideas: deregulation; privatization; cut taxes on the rich;

are still determined to defend tax cuts for the rich and undo desperately needed financial regulations

y night that by the account of his own advisers is more campaign document than a plan for governing. He's running against Republicans in Congress, Reaganomics, wealthy bankers and inequality. Normally a President at the start of his fourth year would be running on his record, accentuating the legislation

rowing disparity of income and wealth between the rich and the poor (Chart 2), and the loss of national

component to inflation and if the US is driving that now, then Eurozone inflation expectations should firm, it can be argued. And if we are in for a Reaganomics-style fiscal stimulus, then it is quite possible that we will get the dollar strength associated with that experience; if so, the Eurozone might get