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Robert Reich: The 3 biggest myths plaguing the U.S. economy
Salon ^ | March 12, 2015 | Robert Reich

Posted on 03/12/2015 1:33:02 AM PDT by Cincinatus' Wife

1. The “job creators” are CEOs, corporations, and the rich, whose taxes must be low in order to induce them to create more jobs. Rubbish. The real job creators are the vast middle class and the poor, whose spending induces businesses to create jobs. Which is why raising the minimum wage, extending overtime protection, enlarging the Earned Income Tax Credit, and reducing middle-class taxes are all necessary.

2. The critical choice is between the “free market” or “government.” Baloney. The free market doesn’t exist in nature. It’s created and enforced by government. And all the ongoing decisions about how it’s organized – what gets patent protection and for how long (the human genome?), who can declare bankruptcy (corporations? homeowners? student debtors?), what contracts are fraudulent (insider trading?) or coercive (predatory loans? mandatory arbitration?), and how much market power is excessive (Comcast and Time Warner?) – depend on government.

3. We should worry most about the size of government. Wrong. We should worry about who government is for. When big money from giant corporations and Wall Street inundate our politics, all decisions relating to #1 and #2 above become rigged against average working Americans.

Please take a look at our video, and share.


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: economy; freemarket; jobs; reich; robertreich; stubbs; taxes
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To: Cincinatus' Wife

“Robert Reich said” should be, to borrow from the Germans - - “Also Spracheras Giftzwerg”.

PS “Giftzwerg” translate to “Poison dwarf”.


41 posted on 03/12/2015 3:26:27 AM PDT by GladesGuru (Islam Delenda Est. Because of what Islam is - and because of what Muslims do.)
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To: Cincinatus' Wife

True. Just the name Reich signals a barf warning! :)


42 posted on 03/12/2015 3:33:54 AM PDT by Gigantor (The Fundamentally Transformed States of America)
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To: Cincinatus' Wife

Propaganda at its most obvious.


43 posted on 03/12/2015 3:35:07 AM PDT by uncitizen (Mark Levin: "Jeb Bush? No way Jose!")
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To: Cincinatus' Wife

“The free market doesn’t exist in nature. It’s created and enforced by government.”

Not origial with Reich, and he should say so.

This is a central tenet of Marxism/Leninism, which seems to be Reich’s economic philosophy of choice.


44 posted on 03/12/2015 3:35:51 AM PDT by Jack Hammer
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To: Cincinatus' Wife

Reich.. that dwarf should be drawn and quartered..


45 posted on 03/12/2015 3:35:52 AM PDT by hosepipe (" This propaganda has been edited (specifically) to include some fully orbed hyperbole.. ")
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To: Cincinatus' Wife

https://www.youtube.com/watch?v=t1iSjl3ukro


46 posted on 03/12/2015 3:50:07 AM PDT by Road Warrior 04 (Molon Labe! (Oathkeeper))
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To: Cincinatus' Wife

You know, this moron has been spewing his bilge for decades now and I have honestly never seen him get it right a single time, not even a minor detail. What an utter communist fool. I’m surprised that someone so breathtakingly incompetent doesn’t hold a high position in Aitch’s cabinet....


47 posted on 03/12/2015 3:50:39 AM PDT by awelliott (What one generation tolerates, the next embraces....)
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To: Bushbacker1

Rush is right!


48 posted on 03/12/2015 3:58:18 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

A small mind in a small body. Who values this old Clinton lap dog’s discredited opinion on anything?


49 posted on 03/12/2015 4:00:54 AM PDT by txrefugee
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To: Cincinatus' Wife

1) the poor “induce” businesses to create jobs, but they do not force businesses to create jobs. It is the businesses, run by business CEOs, that create and fund jobs.
2). The government DOES NOT create the market. And how does a government go about “enforcing” freedom. All a government can do is either respect freedom, or encroach on it.
3) No, Robert, you are wrong. The size of government does matter and ours is too big and too intrusive (see


50 posted on 03/12/2015 4:13:59 AM PDT by WayneS (Barack Obama makes Neville Chamberlin look like George Patton.)
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To: WayneS

.. #2, above)


51 posted on 03/12/2015 4:14:37 AM PDT by WayneS (Barack Obama makes Neville Chamberlin look like George Patton.)
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To: Cincinatus' Wife

And the proof is that California and Illinois are far outpacing Texas economically. Right, little man?


52 posted on 03/12/2015 4:18:14 AM PDT by ilgipper
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To: Cincinatus' Wife

Sleazy, fast-talking snake-oil pitchman. Never was anything else.

Fortunately, when he commits his poison to the printed page, he can’t snow the reader with his high-speed babble.


53 posted on 03/12/2015 4:30:22 AM PDT by Arthur McGowan
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To: Cincinatus' Wife

His main point: the elite planner government overlords make better decisions for the good than do free people; shut up and get in line, peasant.


54 posted on 03/12/2015 4:33:33 AM PDT by ReaganGeneration2
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To: Cincinatus' Wife

So, if workers create jobs by spending money, where do inventions like automobiles and lightbulbs come from?


55 posted on 03/12/2015 4:35:17 AM PDT by baltimorepoet
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To: baltimorepoet
So, if workers create jobs by spending money, where do inventions like automobiles and lightbulbs come from?

"Green" investment in research [at universities]?

Oh, I guess not.

56 posted on 03/12/2015 4:38:54 AM PDT by Cincinatus' Wife
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To: All

He took time away from representing the Lollipop Guild to spew his commie nonsense.


57 posted on 03/12/2015 4:42:28 AM PDT by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: Gigantor

+1


58 posted on 03/12/2015 4:51:02 AM PDT by sauropod (Fat Bottomed Girl: "What difference, at this point, does it make?")
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To: Cincinatus' Wife

This sawed-off wienie must think he’s still talking to undergraduates. News flash, we saw what you’re all about when a buffoon put you into appointed office. Now just go away and shut up.


59 posted on 03/12/2015 4:54:39 AM PDT by muir_redwoods ("He is a very shallow critic who cannot see an eternal rebel in the heart of a conservative." G.K .C)
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To: Cincinatus' Wife

what will reich be when he grows up......
show me one place in the world where communism works to the benefit of the masss.....
it is a all fairey tales and utopian make believe....

the ivory tower commies have caused more death and destruciton than any other force in the world but the young and stupid keep believin the bs and drinkin the kool aid...


60 posted on 03/12/2015 4:59:09 AM PDT by zzwhale
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