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Reply #112: Well, isn't he? [View All]

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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-29-07 07:42 PM
Response to Reply #109
112. Well, isn't he?
Hey buddy, you have got to stop drinking the kool-aid. Forbes ideas don't work and there is plenty of recent historical evidence for it. The guy, whose name starts with an "F", that you ought to be listening to is Henry Ford, founder of Ford Motor Company, who said that he wanted to make an automobile that his auto workers could afford to buy.

Inherent in that statement is what makes real economic growth. If the lowest paid worker has enough money from his labor at the end of the day to meet his needs and has some left over to spend and to put away for an emergency or his retirement, then everyone benefits. The more money the common worker spends, the better businesses whom he is buying from do. That translates into better profits, which are reflected in the stock market.

Now when people are unemployed or living from hand to mouth, corporations have to rely on corporate welfare and deregulation from the government for this so-called "competitive market" as well as the myriad of tax loopholes. This is what Forbes advocates. These ideas, based on Milton Friedman's economics have been proven to not work by the economies who have tried all or part of them.

The most prosperous era of our country was post World War II when FDR's socialist type programs were implemented enabling the ordinary factory worker to own a home, a car, have health care and a decent retirement waiting for him when the time came. In no way were the rich being forced to do without. We had a prosperous middle class then too. Conservative economics have ruined all that in the last thirty years. I can remember a time when there were no homeless in the streets. Even the poor had shelter due to enlightened social programs. Now we are becoming like Dicken's England. Too bad.
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