Comments about ‘Mark Weisbrot: Fixing the economy: Work-sharing, more state funding is what nation needs’

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Published: Sunday, Dec. 30 2012 12:00 a.m. MST

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KDave
Moab, UT

You are saying we should have elected Obama. We did , however these policies have not worked so far.The only way interest on our national debt can stay at 1% is if the economey continues to flounder and unemployment stays high, so I suppose we are OK for the next four years.

Redshirt1701
Deep Space 9, Ut

This letter is wrong on many levels. First, more government is not the answer. Just look at the past 100 years and the recessions that have occurred. Most are over within 18 months to 2 years, except the Great Depression and the current fiasco.

Now, ask yourself, what is the difference? In 1920 we experienced a recession that was equal to the recession that sparked the Depression. Why did the 1920 recession last 18 months, and the depression last 11 years? What was the difference? The answer is simple, and is hated by all liberals. The government did nothing except cut tax rates and cut spending.

So why did the depression last so long? According to historians and economists, the depression was prolonged as a direct result of government intervention.

History has taught us that more government spending is not the answer, unless you are looking to destroy an economy.

Kent C. DeForrest
Provo, UT

More federal spending is not really the answer, nor is more low-paying jobs. The only real solution to our growing inequality, which lies at the heart of our economic woes, is for more of the profit to go to those who actually create it--the people who produce, ship, and sell the products--and less of it to go into the bank accounts of executives and investors who are drastically overpaid. We have an increasing imbalance between those who control capital and those who don't. The results are inevitable.

Worker ownership of businesses makes sense on many levels. It creates greater incentives for workers to work hard and create quality products. It discourages companies from shipping jobs off to low-wage countries. And, most importantly, it puts more disposable income in the wallets of the consumer class, so that demand increases and spurs job creation. Our current system of supply-side, trickle-down economics creates all the wrong incentives and leaves too many people out of the economic equation. The result is that the consumer of last resort, the government, has to pick up the slack.

Screwdriver
Casa Grande, AZ

The reward for capital is at all time highs and even those rewards are going to the wrong people.

The capital they, the "capitalists" are using is nothing other than socialism capital from the Fed given to them so cheaply as to be considered free. Why then, if the capital is coming from the people's governmental debt and the devaluation of our hard earned dollars are the middlemen getting all the rewards for the risk they haven't actually taken?

The fed is comprised of the nation's largest banks - they are the benefited middle men.

The fed has become a scheme for the wealthy to use the poor's money, labor and good-will to make themselves rich for having never lifted a guilded finger. No, let THEM eat cake!

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