what an out of touch rant. when you run huge deficits you devalue the dollar and jack up inflation. when you allow 10M illegals to cross the border they will work for less and take away jobs from citizens. voters figured this out. and this rant comes from someone whose party has become the establishment.As Sec of Labor Reich should know that excess profits lead to competition and drives profits down. sounds like a 1930's speech.
And especially if you like WWIII. Biden takes his orders from the neocons. The lower and middle class will be the collateral damage in a conventional war, but in the coming one, even the elites will be effected. It's part, not all, but part of the reason Trump won.
I agree with Anonymous...................yet Reich was correct in that the corporate oligarchs own the politicians. For corporate America, inflation is not a bad thing. Their assets inflate and their prices rise as inflation rises. For the average Joe who has a checking account and rents, inflation is a disaster. That's why debasing the currency and the resulting inflation won't stop. Quantitative easing or printing money is the crack of both parties folks.
what an out of touch rant. when you run huge deficits you devalue the dollar and jack up inflation. when you allow 10M illegals to cross the border they will work for less and take away jobs from citizens. voters figured this out. and this rant comes from someone whose party has become the establishment.As Sec of Labor Reich should know that excess profits lead to competition and drives profits down. sounds like a 1930's speech.
ReplyDeleteDo a little fact checking. Biden was an excellent president and one who actually helped the middle class in economic and in social terms.
DeleteAnd especially if you like WWIII. Biden takes his orders from the neocons. The lower and middle class will be the collateral damage in a conventional war, but in the coming one, even the elites will be effected. It's part, not all, but part of the reason Trump won.
DeleteI agree with Anonymous...................yet Reich was correct in that the corporate oligarchs own the politicians.
ReplyDeleteFor corporate America, inflation is not a bad thing. Their assets inflate and their prices rise as inflation rises. For the average Joe who has a checking account and rents, inflation is a disaster. That's why debasing the currency and the resulting inflation won't stop. Quantitative easing or printing money is the crack of both parties folks.