Thursday, March 31, 2011

Lessons of the Great Depression

Are we destined to repeat the great depression, because we failed to learn from it? Reagan initiated trickle down economics, deregulation, and the corrosion of collective bargaining rights. We slowly continue to implement it. Our wealth is being concentrated in the hands of the top 1% of Americans. The percentage of wealth concentrated in the top 1% of our population has only been this high one other time since 1913 (before the great crash and depression). Workers bargaining rights and progressive income taxes had insured that wealth was more evenly distributed and that America had a strong middle class. If giving the wealthy more money creates jobs and the wealthy have more money than they have had since 1929, why is unemployment so high? If their trickle down economic were a vaild theory , record wealth at the top should correlate with record employment. The hidden truth is that jobs are created when the middle class has money to spend and create small businesses. Trickle down creates increases in poverty, homelessness and unemployment. What direction are the extremists in this country pushing? To cut public jobs (increasing unemployment). Roosevelt took us out of the great depression with a public jobs program--not massive public job cuts. To cut Social Security benefits. Many elderly and disabled individuals who paid in and relied upon these benefits will be driven into the streets. Maybe we will throw them into concentration camps or execute them--like the Nazi's. To dismantle collective bargaining rights What will be left besides the rich, the slave labor (that makes them wealthy) and millions of homeless left to die in the streets. We must not sit back or be driven by these insane and faulty slogans. We must make this Country understand the dangerous path we are on before we all end up real life characters in "The Grapes of Wrath".

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