Friday, November 5, 2010

The GOP Recipe for Keeping the Economy Down Until Election 2012

Alternet/ Robert Reich's Blog by Robert Reich

Could it be that Republicans want to keep the economy struggling through Election Day, 2012?

The real message from voters was “Fix this stinking economy.” But Republicans have no intention of doing so. With Republicans in control of the House, forget spending increases or tax cuts to stimulate the economy.

Republicans don’t believe in stimulating economies. They think markets eventually clear — once the pain is sufficient. Or in the immortal words of Herbert Hoover’s treasury secretary, millionaire industrialist Andrew Mellon: “Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life.”

Click here to read the full article.

Alternet/ Robert Reich's Blog by Robert Reich

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