Obama Declares War on Reaganomics and the Corporate Media Freaks Out
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Bob FertikWant to meet our members? Click 'Join' above!
Barack Obama kicked off his general election campaign against John McCain with a speech in Raleigh, North Carolina on the economy - and it was a barn burner!
It was nothing less than a declaration of war on Reaganomics - the nearly 30-year-old Republican policy of giving massive tax breaks to corporations and the rich. And for that reason it was perhaps the most important political speech in the last 30 years.
Unfortunately I didn't get to hear the whole speech because the Corporate Media freaked out. FOX cut Obama off after about 10 minutes, then complained he wasn't specific - because they blacked out the specifics! CNN gave him about 20, and MSNBC gave him a few more.
John McCain, the Republican Party, and their corporate cronies are not doubt in shock. After raping and plundering the American economy for a generation, a Democrat is finally standing up to them and promising change.
Of course they will attack Obama with everything they've got, so we Democrats must step up to defend him with just as much passion as they use to attack him.
Go Barack Obama!
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Comments
Obama Speech on Economics/Reaganomics
I agree with all that Obama said in this speech, but it is not anything that John Kerry did not say four years ago.
It is simply incorrect that Obama is the only Democrat to have made remarks of this nature in the last 30 years.
Wear your PITH HELMET for that TRICKLE DOWN economics
WHAT IS REA-GUN-NOMICS ? The theory that money given to corporations DRIPS DOWN onto the little people.
In an "old day" when jobs were in the USA, when corporate CEO asswipes didn't give themselves $200 million bonuses, the concept STILL SUCKED but at least you could defend part of it.
IN TODAYS ECONOMY... money given to OIL COMPANIES goes to the SHAREHOLDERS, not the employees, money handed to wealthy people is "invested" in other countries. The ECONOMIC concept that a single dollar printed in the united states circulated several times before returning to the government does not occur any more. Wealthy owners grab up the money and invest in towering buildings in Middle East and Island havens.
WHAT WE NEED IS A TRICKLE UP THEORY ... and HERE IS MINE...
If you want a redistribution of wealth, so the OWNERS of the world still have to contribute--- and we are not stuck in an ENDLESS GAME of MONOPOLY, where the rich own the HOTELS, and we get our $200 hoping not to land on anything........ TAX THE SHIT OUT OF THE WEALTHY....... REMOVE SAFE COVER FROM THE CORPS...... and DISTRIBUTE HUGE WINDFALL MONEY ON THE POOR AND MIDDLE CLASS.....
I'll tell you this..... if you want money to get circulated quickly in the United States of America... give $100 to any AVERAGE JOSE on the street.... that money will circulate 5 times at the speed of light!!!