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Tue Aug 14, 2018, 12:31 PM

'Bad economic theories that have guided the policies of both parties for more than 30 years'

Last edited Tue Aug 14, 2018, 01:18 PM - Edit history (1)

Food for thought...just want to toss some economic realities into the political conversation. 'Economic policy agenda that necessarily balances the interests of business (the few) versus the interests of labor (the many)' is a losing platform and a recipe for inequality. Article is by Nick Hanauer, Seattle-based venture capitalist.

[link:https://www.politico.com/magazine/story/2018/08/14/democrats-must-reclaim-the-center-by-moving-hard-left-219354|]

'Democrats need to stop balancing the economic interests of the top 2 percent against the interests of everyone else and start focusing on the needs of the majoritarian center—the 80 percent of families who have been left behind by 40 years of trickle-down economics. Raise wages now. That’s the kind of pragmatic centrism the majority of Americans truly want, and that our economy needs.'

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Reply 'Bad economic theories that have guided the policies of both parties for more than 30 years' (Original post)
pecosbob Aug 2018 OP
DonCoquixote Aug 2018 #1
pecosbob Aug 2018 #2

Response to pecosbob (Original post)

Tue Aug 14, 2018, 12:44 PM

1. a good, meaty quote



For you centrist Democrats who have long dominated the party establishment, it is time for you to admit that a “pragmatically centrist” agenda that enjoys neither majority support nor serves a majority of voters, is neither pragmatic nor centrist. In fact, it’s suicidal. Indeed, when Starbucks CEO Howard Schultz earnestly insists that Democrats must “go after entitlements” (“Medicare for Fewer” rather than “Medicare for All”), his only real chance of uniting voters is in opposition to Howard Schultz. And don’t you dare think for a moment that you somehow know better than voters what’s good for them, because “Econ 101!” or something. Econ 101 is bullshit—at least in the way that it’s been relentlessly misapplied to public policy these past 40 years.

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Response to DonCoquixote (Reply #1)

Tue Aug 14, 2018, 12:57 PM

2. I don't think you can be BFFs with payday lenders and with the working class

unless you really don't understand economics or don't care...

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