Up until Reagan, the Democrats clung to the Keynesian economic model. Clinton was the first to work with the supply-side model and the other Democrats quietly followed. We see the same thing now with the Republicans clinging to the neoliberal (supply-side) model after the 2008 recession (wasn’t supposed to happen) and the sluggish jobless recovery with mounting debt and no proven way to increase income. The honest truth is that just as Keynesian economic theory ran into real-world limits, now, so has neoliberal (supply-side) economic theory. Tax cuts, and manipulating tariffs, and the price of oil are not going to be enough to save it.
The internal division that the income inequity and partisanship — fed on one side by dreams of socialism as the cure-all and the other side by dreaming that deregulation and privatization is the only answer — has paralyzed Congress and made us angry and afraid of our neighbors. We truly need a new way to run a changing economy where gigantic mega-corporations have little need for unskilled labor, but capital investments in AI and automation will be growing.
Our opposing party system hasn’t worked for some time … neither have our Congress members. Conservatism and Liberalism are complementary and have historically worked to yield better outcomes than either could alone. I want our Congress to work together to a higher level of consensus (2/3 to 3/4 ?) before a proposal becomes a law. I don’t want fear and anger to be what I feel about my neighbors.
Our politicians have ignored the threat to jobs that increasing automation present. One commenter talked about electric cars and the changes that will result in the auto and auto service industry. Electric motors do not require the kind of mechanical support internal combustion motors need, or oil changes, or radiators, or the millions of jobs related to the current auto industry. Making it difficult to get seasonal labor means more crops are going to be mechanized, or move out of the US. And the loss of markets for crops may result in bankruptcy for many family farms, thanks to Trump’s ideas about trade wars and how easy they are to win.
Trump is loyal to $$$ only. If he puts any sanctions on the Saudi’s he knows they will sell off all their real estate deals with Trump. Bank on it! (No pun intended).
S&C = Dismayed&Depressed over 5 years ago
Darsan54 Premium Member over 5 years ago
Trump is basically saying, you gotta enough money you can murder anyone you want anywhere you want.
superposition over 5 years ago
Up until Reagan, the Democrats clung to the Keynesian economic model. Clinton was the first to work with the supply-side model and the other Democrats quietly followed. We see the same thing now with the Republicans clinging to the neoliberal (supply-side) model after the 2008 recession (wasn’t supposed to happen) and the sluggish jobless recovery with mounting debt and no proven way to increase income. The honest truth is that just as Keynesian economic theory ran into real-world limits, now, so has neoliberal (supply-side) economic theory. Tax cuts, and manipulating tariffs, and the price of oil are not going to be enough to save it.
The internal division that the income inequity and partisanship — fed on one side by dreams of socialism as the cure-all and the other side by dreaming that deregulation and privatization is the only answer — has paralyzed Congress and made us angry and afraid of our neighbors. We truly need a new way to run a changing economy where gigantic mega-corporations have little need for unskilled labor, but capital investments in AI and automation will be growing.
Our opposing party system hasn’t worked for some time … neither have our Congress members. Conservatism and Liberalism are complementary and have historically worked to yield better outcomes than either could alone. I want our Congress to work together to a higher level of consensus (2/3 to 3/4 ?) before a proposal becomes a law. I don’t want fear and anger to be what I feel about my neighbors.
dickanders Premium Member over 5 years ago
Our politicians have ignored the threat to jobs that increasing automation present. One commenter talked about electric cars and the changes that will result in the auto and auto service industry. Electric motors do not require the kind of mechanical support internal combustion motors need, or oil changes, or radiators, or the millions of jobs related to the current auto industry. Making it difficult to get seasonal labor means more crops are going to be mechanized, or move out of the US. And the loss of markets for crops may result in bankruptcy for many family farms, thanks to Trump’s ideas about trade wars and how easy they are to win.
cmxx over 5 years ago
2017 US oil imports, top 5 countries: Canada, 40%; Saudi Arabia, 9%; Mexico, 7%; Venezuela, 7%; Iraq, 6%. Source: https://www.eia.gov/tools/faqs/faq.php?id=727&t=6
Union Man over 5 years ago
Trump is loyal to $$$ only. If he puts any sanctions on the Saudi’s he knows they will sell off all their real estate deals with Trump. Bank on it! (No pun intended).
Coopersdad over 5 years ago
….Just waiting for the Saudis to turn on tRump. He might gain a new perspective on the value of money.