Quotation for Today: Do Republicans Worship a False Economic Deity?

The meme for this election season is political candidates, mainly Republicans, extolling themselves as "job creators."  The quotation for today provides insight into who are the true job creators, and as you might have guessed, they are not the people who are praised and deified by Republican politicians.

Quotation for Today: Romneynomics Is Wrong for America

Republican presidential wannabe, Mitt Romney, has made the return to Bushnomics the central idea of his political campaign. These are the same economic policies that provided tax breaks for American companies that off-shored thousands of American jobs to foreign countries. Conversely, President Barack Obama has advocated tax breaks for American companies who create jobs for Americans, not foreigners.  


Across the jump, the quotation for today captures the essence of the economic policies that GOP presidential wannabe, Mitt Romney, thinks is good for America.

Quotation for Today: American Capitalism: A Failed Economic System

The quotation for today introduces an interview conducted by The European, and it emphasizes the extreme economic and financial degradation that American middle- and working-class workers have experienced. 

A Thousand Words, Vol.1, Issue 17

Matt Browne, Senior Fellow at the Center for American Progress, wrote in his Huffington Post article that Mitt Romney is an advocate of David Cameron-style economic policies.  To see how well Mitt Romney's favorite economic policies have worked in the real world, go here.


The companion story by Paul Krugman can be read here.


Matt Browne's Huffington Post article.

Quotation for Today: Republican-Controlled Congress Is Obstructing U.S. Economic Recovery

The quotation for today gets to one of the core reasons as to why the economy of the United States is sluggish. Although the reason cited for economic sluggishness in the United States has nothing to do with regulations or the economic policies of the Obama Administration, it does help highlight the failure of the Republican-controlled Congress' economic policies; policies that have blocked job-creating actions, thereby obstructing the economic recovery in the United States.

A Thousand Words, Vol.1, Issue 13.

In economics and finance, the notion of a wealth effect -- increased consumption based on a perceived increase in wealth -- is well known.  Conversely, true wealth increase (measured by income change) is a bit different, as pictured here.


David Cay Johnston's companion article to the true-wealth-increase picture can be read here.


Related information:


Permanent insecurity for the 99 percent.

A Thousand Words, Vol. 1, Issue 1.

The failure of American political leadership during the past three decades is well captured in a picture that accompanies a story about Apple and Foxconn.  The picture can be viewed here.

Quotation for Today: Swiss Mitt: The Quintessential Davos Man?

The quotation for today, across the jump, explores the issue of who among the people gathered at the World Economic Forum in Davos, Switzerland pays taxes at a higher rate.

Quotation for Today: Wrongheaded Republican Economic Policies Harm Nation

The quotation for today, on the other side of the break, highlights the fact that the United States  --  mainly due to wrongheaded Republican economic policies over the past 30-plus years  --  has fallen far behind other first- and second-world nations in investing in its infrastructure, manufacturing, education, job skills and alternative energy.

Quotation for Today: Tax Laws Embedded With Economic Inequality

The quotation for today, on the other side of the jump, emphasizes the economic inequality embedded in the tax laws of the United States.

Killing Europe Cruelly With Economic Austerity

The European Union is embarked on the ruinous path of economic austerity during a recession.    


Across the break are a few highlights from Jeff Madrick's article on the destructive effects of the economic austerity measures implemented in the eurozone.

Le Figaro.fr: France Adapting Economic Strategy

The downgrade of France's debt to "AA+" from "AAA" has the French government  reviewing and changing its economic strategy.

Quotation for Today: Corrosive Nature of Income and Wealth Inequality

 “I spent four years in undergraduate school, four years in medical school, three years as a resident and three years as a fellow. You have to look at the people who are complaining.”

Anu Chandok, M.D.

Quotation for Today: Leveraged Buyouts of Governments

“I cannot have success with my policies if the E.U.’s policies don’t change.”

Mario Monti 

Quotation for Today: Romney's Vision for America

“He did it to try to save the business.”

Mitt Romney

Gangsters and Banksters: A Serial Tale Part V

In this international tale of Gangsters and Banksters, we look at what could be illegal trading on non-public information -- insider trading -- by the wife of a Swiss banker, and not just any run of the mill Swiss banker.

Quotation for Today: Kitchen Table Economics

"... when people in D.C. talk about deficits and debt, by and large they have no idea what they’re talking about — and the people who talk the most understand the least."

Paul Krugman

Lawrence O'Donnell and KIND

On the other side of the break is an MSNBC video that features Lawrence O'Donnell discussing the charitable organization Kids in Need of Desks (KIND).  

Quotation for Today

The enclosed quotation is part of an article that gives us a clear look at free-market economics and its accompanying ideology, and who benefits from free-market ideology and not truly free markets.

Le Figaro.fr: Economic Forecast for France

The new economic forecast for France is now public and it effectively condemns to the economic dustbin (poubelle économiques) the expansionary-austerity policies of French President Nicolas Sarkozy and German Chancellor Angela Merkel.