I don't think this point of view is going to be some great insight to many who visit DailyKos. But one reason I think it's worth a post is because of who is making the point. Below is an speech that was considered too controversial to post at www.ted.com
Another reason it is worth a post is that I think the biggest problem with economics these days is you have a huge number of people, including most all Republicans, even very poor ones, who simply believe the 'big lie' from the Republicans about the relationship between government and economic growth. Most people don't understand economics, so it's easy to fall prey to arguments like: 'We've all seen inefficient government, look at the DMV line ups. So who knows how to spend your money better, you or the government?' Case closed I guess, right?
These are the kind of arguments we need combat. And we are only going to do it by pointing to rich people who agree and with equally simple arguments. I think. We need to dumb it down! Lets try things like:
- The US economy grew best in the 1950s and 1960s when top marginal rates were 70%-90%
- If you don't think government spending can end a depression, who do you think borrowed to finance WWII?
- The US is a leader in aviation today because big government made the investment in the early 1940s
- Like in the 1950s and 1960s - middle class incomes grow fastest when government recycles money into things like education and infrastructure
When the republicans talk about 'going back' these days, they are talking about going back to the misery of the early 1900s. We need to point to the 50s and 60s.
Forget the rich for a minute - on a side note the implied disloyalty to America of some of the right wing arguments directed at MIDDLE CLASS voters always amazes me. These people claim to love their country, claim to care about the deficit, and yet won't give up ANYTHING to help their country. They are essentially saying: "Give up my expensive cell phone contract for a cheaper one? Or give up my right to drive an expensive car in favor of a cheaper one? Hell no, screw the government, screw the country, I want my cheap crap and I can't cut back even 3 or 4% to pay higher taxes to help America".
Anyhow - on to the rich people, who, as we all know, set the agenda in this country: From the link below: "...Nick Hanauer. He's a venture capitalist from Seattle who was the first non-family investor in Amazon.com. Today he's a very rich man. And, somewhat jarringly, he's screaming to anyone who will listen that he, and other wealthy innovators like him, doesn't create jobs. The middle class does - and its decline threatens everyone in America, from the innovators on down. "
Link to the transcript of the speech:
It's a very short speech but I have pasted a few notable passages and a conclusion below: