Monday, April 16, 2012

From the NY Times…

April 16, 2012

Here’s an interesting and insightful quote from the comments section of the NY Times today… Too bad people aren’t bright enough to grasp the real problem with today’s economy.

“One does not need to be an economist to see the difference in living standards between the pre-Reagan and post-Reagan economic policies. Except for civil rights we were all better off before "conservative" economic policies took hold and deregulation became the rule of the world. The rich still had their yachts and mansions while the rest of us still could afford health care, decide whether one or two parents should work outside the home while caring for kids, education was affordable for most all, companies were still very profitable while actually making things, and Wall Street invested based upon corporate viability (rather than financial engineering.) Now, thirty years later, it is clear that our experiment (by both Republicans and Democrats) with "conservative" economic policies has failed for the vast majority of us.”