This virus is a deadly threat to Republican econom
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Posted On: 04/05/2020 4:08:20 PM
This virus is a deadly threat to Republican economic ideology.
If this virus drags on for many months, and parts of our economy shut down for many months, it will change our country permanently. In some ways it already has.
The belief of gutting government, gutting healthcare, deregulation, gutting the safety net, keeping wages low, will no longer be accepted by the American people. We will return back to more of a New Deal type society.
https://www.democraticunderground.com/100213237202
4. They also think people laid off will return thankful for their job.
Corporations that failed to save anything in retained earnings, sending most of their money to share holder profits and now they have their hand out again from taxpayers. Workers will definitely have more power when this settles down.
12. Reagan was so wrong when he said that government is the problem.
He was missing a word. BAD government is the problem, and that is all we have had from Republicans. We have had five recessions—some short, some long—since Reagan was elected in 1980. All of them were under Republican administrations.
Republicans have no economic ideology other than transferring as much wealth as possible to the uber rich as possible. The trickle-down theory is a sham. Just look at Kansas. It took W nearly eight years to create a recession. Trump took only three, and we’ll be lucky if it’s only a recession and not the second great depression
If this virus drags on for many months, and parts of our economy shut down for many months, it will change our country permanently. In some ways it already has.
The belief of gutting government, gutting healthcare, deregulation, gutting the safety net, keeping wages low, will no longer be accepted by the American people. We will return back to more of a New Deal type society.
https://www.democraticunderground.com/100213237202
4. They also think people laid off will return thankful for their job.
Corporations that failed to save anything in retained earnings, sending most of their money to share holder profits and now they have their hand out again from taxpayers. Workers will definitely have more power when this settles down.
12. Reagan was so wrong when he said that government is the problem.
He was missing a word. BAD government is the problem, and that is all we have had from Republicans. We have had five recessions—some short, some long—since Reagan was elected in 1980. All of them were under Republican administrations.
Republicans have no economic ideology other than transferring as much wealth as possible to the uber rich as possible. The trickle-down theory is a sham. Just look at Kansas. It took W nearly eight years to create a recession. Trump took only three, and we’ll be lucky if it’s only a recession and not the second great depression
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