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View Diary: Two million jobless Americans face their own fiscal cliff if unemployment benefits expire (112 comments)

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  •  There's no agreement on facts (0+ / 0-)

    I believe, perhaps naively, that Republicans are not insane lunatics.  From their point of view and based on what they believe to be facts, it makes sense that the reason that the country will sink into a new recession is that the most wealthy residents won't have as much money after taxes to create jobs and useful work for the rest of us.  They still cling to their belief in supply side economics.

    The writer (Meteor Blades) believes, as I do, that recession is caused primarily by lack of demand.  Suddenly unemployed and suddenly unpaid people stop buying and the whole enterprise slows down.  We believe, with good reason, in demand side economics.  If people have money, they will buy.

    Somehow, Republicans have to be convinced that their grasp on reality is unreal, that supply side economics has been known to be unworkable for at least two centuries.

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