On 5/5/05, Robert J. Chassell <[EMAIL PROTECTED]> wrote: > * Robert J. Chassell ([EMAIL PROTECTED]) wrote: <snip> > > You do not have to wonder whether income could be $127,000 per person. > You could simply wonder whether is could be $60,000 per person rather > than the $36,000 per person as it is in actuality. > > So my next question is which elements of the long term `traditions' or > `schools of thought' regarding economic management did the Republicans > got wrong and which did the Democrats got right?
I have been of the opinion that the GOP long term has thought that representing the elite class and the large business class is best for the economy. Every economic policy and the reasons they articulate for those policies reach back to that. They had not appreciated we are a mass economy that produces goods for the great mass of people. Policies that promote low wages because of a perceived benefit for business is like muzzling the oxen that provide the benefits. The workers purchases are a major driver of the economy. This seems much more meaningful than the standard and frequent conservative response of "We don't know why the stock market and the economy do worse under GOP leadership. It's a coincidence." -- Gary Denton Easter Lemming Blogs http://elemming.blogspot.com http://elemming2.blogspot.com _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
