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Related: About this forumPic Of The Moment: Elizabeth Warren Explains the Failure of Trickle-Down
NYC_SKP
(68,644 posts)It's no secret.
K/R
cstanleytech
(26,298 posts)daleanime
(17,796 posts)It's 'who do we need'?
Spitfire of ATJ
(32,723 posts)Announcing this soon allows Republicans to attack you for a year.
Chasstev365
(5,191 posts)You are correct!
rhett o rick
(55,981 posts)point is. No one is running right up until the are running. Currently she is doing a much better job of running of those not running.
Enthusiast
(50,983 posts)Come on.
billhicks76
(5,082 posts)I love Warren and this is a perfect headline. Rebellion is brewing.
KoKo
(84,711 posts)billhicks76
(5,082 posts)She should just run in the Republican Primary given her extreme closeness to the Bush family. We don't need another scam being run on us.
Enthusiast
(50,983 posts)olegramps
(8,200 posts)Nothing will happen until the citizens demand change. As long as they sit on their asses they will continue to be fleeced by the crooked politicians and heir corporate buddies. Unionize, strike, take to the streets and recall the crooks and throw the whole damn bunch of them out of office. Few should be spared.
George II
(67,782 posts)Bluenorthwest
(45,319 posts)and into the 90's. So for her this is something she did not know back then at all.
George II
(67,782 posts)...she espoused "trickle down" for more than 10 years. If she's now considered one of the nation's economic experts, how could she not know that "trickle down" didn't work until years later?
cstanleytech
(26,298 posts)failure.
George II
(67,782 posts)Economists by the start of Reagan's second term recognized that "trickle-down" wasn't working.
SunSeeker
(51,574 posts)1982 Voodoo Economics - www.NBCUniversalArchives. :
George II
(67,782 posts)that "supply side" economics, commonly referred to as "trickle down" economics, just wouldn't work.
When Reagan was elected, I was living across the street from Central Park. Only weeks into his administration (he worked VERY fast to implement a number of his backward economic policies) I saw a dramatic increase in the number of homeless people taking up residence in the park. When discussing this with friends, I referred to them as "Reagan's legacy".
I suppose what annoys me the most is that now, about 25 years after "trickle down" was implemented, a person who supported it for a decade or more is now being almost deified because she's decided to come out and admit that it didn't work, and people are falling all over themselves saying how wonderful she is now as though she the greatest American economist since John Kenneth Galbraith.
Gary 50
(381 posts)Did you see those statistics? All of the economic gains of the last generation went to the one per cent. Supply side didn't just work, it worked perfectly. Exactly as intended. When you say it didn't work you mean it didn't lift up the poor or middle class. It wasn't supposed to. It was created to increase the wealth and power of the elite. Of course they presented it as tide which would lift all boats but they were just doing what Republicans do, fleecing the rubes.
SunSeeker
(51,574 posts)Perhaps her relatively recent conversion explains her zeal...a zeal I very much appreciate.
I think where she is right now, in the Senate shaming Wall Street stooges in her midst, is exactly where she should be.
George II
(67,782 posts)....is a very important characteristic in a President.
Kevin from WI
(184 posts)And then changed course also says something about her judgment and character. A very important characteristic in a president. I am glad that she is speaking the truth, because that is rare in politics. She is challenging the system openly, and creating a dialog that a lot of moderate dems do not want to have. Even if she does not run, she is already having an impact on this next election.
George II
(67,782 posts).....that "trickle down" didn't work. But we didn't see any speeches from her about it back in 1995.
Response to George II (Reply #54)
Cal33 This message was self-deleted by its author.
Cal33
(7,018 posts)her students at that time, though.
SunSeeker
(51,574 posts)Mnpaul
(3,655 posts)STEPHANOPOULOS: Final question, it might surprise a lot of your supporters to know that you were a registered Republican as recently as 1996.
WARREN: I was -- no, I think you're...
STEPHANOPOULOS: 1991 to 1996...
(CROSSTALK)
WARREN: I think it's four.
STEPHANOPOULOS: ... in Pennsylvania, but that's what I read at least.
WARREN: OK.
STEPHANOPOULOS: And I was just wondering, what drew you to the GOP and why did you leave?
WARREN: I was originally an independent. I was with the GOP for a while because I really thought that it was a party that was principled in its conservative approach to economics and to markets.
And I feel like the GOP party just left that. That they moved to a party that said, no, it's not about a level playing field, it's now about a field that has gotten tilted. And they really stood up for the big financial institutions when the big financial institutions are just hammering middle class American families.
http://abcnews.go.com/ThisWeek/week-transcript-sec-jeh-johnson-sen-elizabeth-warren/story?id=23471456&singlePage=true
There are still a lot Democrats who haven't moved away from these failed policies.
George II
(67,782 posts)....if she became a republican AFTER the country experienced 12 years of republican Reaganomics/trickle down/supply side economics.
Not only that, it then took an additional 18 years for her to get around to lecturing us about how that economic policy failed, even though many realized it's failure way back in the early 1980s?
Mnpaul
(3,655 posts)That Democrats in the House and Senate helped Reagan implement these terrible policies?
That many Democrats helped elect this dog turd?
That many Democrats still won't reject these policies and continue to vote for them?
Sorry, but I will go with the ones willing to speak out now over the ones who won't openly reject them. I do not want Democrats who stay silent for fear of offending their corporate cash cow.
Enthusiast
(50,983 posts)StevieM
(10,500 posts)to update their voter rolls. So she was still listed as a Pennsylvania Republican until 1996, but she was only registered with the GOP for 4 years.
We don't even know if those four years are the ones she was referring to when she said "I was with the Republicans for awhile." She may have registered GOP to vote in one particular primary and then not bothered to switch her registration back.
Her basic point, when asked about this, was that historically she had been an independent but she had always supported candidates of both political parties. Then in 1995 she became 100% Democrat.
We don't know who she voted for in each presidential election from 1972 through 1992.
Kevin from WI
(184 posts)Perhaps you should vote for George Bush, since knowing that the economic plan was garbage from inception appears to be so important to you.
SunSeeker
(51,574 posts)What's so sickening about the GOP is they know they are selling lies. After he agreed to be Reagan's VP, George H.W. Bush tried to dismiss that bit of videotaped honesty by claiming he was just "kidding."
But I will vote for a Democrat who immediately understood Reagan was selling us a load of shit.
Dont call me Shirley
(10,998 posts)Hekate
(90,714 posts)easychoice
(1,043 posts)We are here -- it is now! Thing can change.
I love Liz.nuff sed
Kevin from WI
(184 posts)For some people the ability to grow and learn from your mistakes is a bad thing.
Erich Bloodaxe BSN
(14,733 posts)Those who actually watch something tried, fail, and then reject it as the failure it is.
JDPriestly
(57,936 posts)court.
Wikipedia has a list of her books and articles on bankruptcy and the plight of the middle class.
http://en.wikipedia.org/wiki/Elizabeth_Warren
Her first article on bankruptcy in general was written in 1987.
In 1989, she published her book As We Forgive Our Debtors: Bankruptcy and Consumer Credit in America. Oxford University Press. 1989. ISBN 978-0-19-505578-8. (with Teresa A. Sullivan and Jay Westbrook)
Her books became more and more populist, and she became a Democrat.
Some examples cited in the Wikipedia article:
A few of her later articles:
"The Vanishing Middle Class". In Edwards, John, ed. (2007). Ending Poverty in America: How to Restore the American Dream. The New Press. ISBN 978-1-59558-176-1.
Himmelstein, David U.; Warren, Elizabeth; Thorne, Deborah; Woolhandler, Steffie J. (2005). "Illness and Injury as Contributors to Bankruptcy". SSRN Electronic Journal. doi:10.2139/ssrn.664565.
Himmelstein, DU; Thorne, D; Warren, E; Woolhandler, S (2009). "Medical bankruptcy in the United States, 2007: Results of a national study". The American Journal of Medicine 122 (8): 7416. doi:10.1016/j.amjmed.2009.04.012. PMID 19501347.
The Fragile Middle Class: Americans in Debt. Yale University Press. 2001. ISBN 978-0-300-09171-7. (with Teresa A. Sullivan and Jay Westbrook)
The Two-Income Trap: Why Middle-Class Parents are Going Broke. Basic Books. 2004. ISBN 978-0-465-09090-7. (with Amelia Warren Tyagi)
All Your Worth: The Ultimate Lifetime Money Plan. Simon and Schuster. 2006. ISBN 978-0-7432-6988-9. (with Amelia Warren Tyagi)
A Fighting Chance. Metropolitan Books. 2014. ISBN 978-1627790529.
All of the above articles and books cited from Wikipedia.
Here is the Amazon web page of Elizabeth Warren's books.
http://www.amazon.com/Elizabeth-Warren/e/B001HD310U
It's pretty hard to question her integrity or the sincerity of her advocacy for working people. She is the real deal. Read her books if you don't believe me. Let her speak for herself.
It's interesting to me that when people criticize Elizabeth Warren and I ask them whether they have read her book, A Fighting Chance, it sort of ends the conversation. People who claim not to like Elizabeth Warren just don't know what she is about. She makes it clear in her book.
Sick_of_TP
(21 posts)Would you please give me a URL showing her defense of trickle down.
ALBliberal
(2,342 posts)The only thing I dont get about her is why does an Economics Professor NOT get that trickle down economics doesn't work? Why does it take an economics professor so long to figure it out? Otherwise I adore her.
TheNutcracker
(2,104 posts)Please start assembling a team. NOW. You can remain in the senate, as Kerry did if it does not work out. But...as a REAL alternative, YOU WILL WIN!
Autumn
(45,108 posts)Putting this woman in the White House will begin to turn things around. It will be difficult to do but having someone who actually WANTS to turn things around to help the poor and working class is half the battle, and so far her and Bernie are the ones speaking out loud and proud about the inequality. Thank you for posting this Skinner.
world wide wally
(21,744 posts)Thank you, trailer park conservatives.
We know that you "think" you are freedom loving, but does the word "duh" mean anything to you?
appalachiablue
(41,146 posts)right wing like we've never seen, especially Elizabeth for her truth telling about banks & Wall Street. The great transfer of wealth in 32 years from regular Americans to the top 10% has decimated this country, we can never get that money back, but we have to try to stop more destruction from the banks, the TPP & neoliberal economics.
Recently a poster quoted a comment WILL ROGERS made during the early Hoover years of the Depression (1929-1933), how Mr. Hoover didn't understand that the money would Trickle Up, that at least some should go through the hands of the workers at the bottom, if only temporarily- to paraphrase. I found it shocking that the infamous con of 'trickle down economics' was known 50 years before & was successfully reused by Reagan-Bush.
dixiegrrrrl
(60,010 posts)All the time we were supposed to be saving for retirement, the value of the dollar has been eroded, esp. thanks to the Fed.
and to hidden inflation.
So each dollar we did manage to save is worth only 26 cents now.
and dropping.
appalachiablue
(41,146 posts)affordable & independent Left Media in several formats to reach people about the critical state of our country. DU & other online news sites are great resources, if you know about them. But too many don't, even open-minded, but very busy people who barely follow M$M, maybe MSNBC.
There's a lot of work do to defend our democracy & remaining way of life, clearly.
WillyT
(72,631 posts)DesertDawg
(66 posts)Hi, first time poster.
Ex-Repub(please don't hate me for that!!) but I absolutely LOVE Ms. Warren and her message, I hope she decides to run. THIS is what America NEEDS. This is WHO America needs.
Spitfire of ATJ
(32,723 posts)Funny how a Populist message is only unpopular in DC.
another_liberal
(8,821 posts)I also voted Republican once.
Oh, the follies of youth!
DesertDawg
(66 posts)Thank you Spitfire!
A_L, I hear you. Sadly my follies of youth last until the age of 30 and has been a several year process of crawling out of(long story for another time or Journal entry) the muck.
Anyways back to Ms. Warren and her excellent message.
calimary
(81,322 posts)Glad you're here! Welcome! Hey, many of us here believe that souls can be saved! There are many here who are ex-GOP. Driven out by what they used to think and believe was the THEN Republican Party. Now, it's the republi-CONS - because all they offer now is a CON job. And the more who recognize that and desert them, the better.
I believe Elilzabeth Warren, too, is a former Republican. Just look what we can have - when people's eyes are finally opened!
DesertDawg
(66 posts)Just like I am. For me I was driven out thanks to many things, starting with disenfranchisement over the GOP destroying the Economy in 2008. That got the ball rolling onto the research, and deeply evaluating myself and my Beliefs. Now I find the GOP vile, disgusting, Anti-American as you can get and the cancer in this country. They cannot be compromised with, SHOULDN'T be compromised with and need to be defeated once and for all or there won't BE an America anymore.
Elizabeth Warren, in my view is the person to defeat them. She knows that same evil I know first hand, and she WILL resonate with the people leaving the GOP, the Independents and the others. That i've zero doubt.
StevieM
(10,500 posts)another_liberal
(8,821 posts)It's time to wake the hell up!
EndElectoral
(4,213 posts)The problem now to reverse the trend requires money to help reverse the propaganda machine that obfuscates Warren's message, and that money is vastly controlled by the 10%. Elections, appointments, news organizations.
The message isn't resonating with even the people who are hurt, hence the recent elections. I've even spoken to people who buy into the message promulgated by the right wing for crying out loud.
We're losing the foundation of a decent living wage for the middle class and the bedrock of aiding the poor. Now everyone who wants some modicum of income equity is claimed to be a welfare moocher except the rich who readily accept corporate welfare because they are deemed "job creators."
Something is seriously wrong here, and it seems to be trending even further toward benefiting the 10% via trade pacts like the TPP. The news organizations demonize anyone as fringe, class bashing or weirdos that protest against this inequity of wealth expansion occurring because that 10% pays for their homes and dinners.
Honestly, it will take an extensive movement that needs to capture vast majorities of the people to begin to remedy this. Just not sure there is the "will" of the middle class and poor to do it, and still function - because THEY HAVE TO WORK!
Roland99
(53,342 posts)I just got to the part (Part Three...Chapter 9) where he lays out the details behind the income inequality in the U.S. between the top decile (and top centile, itself) vs the rest of us.
It's a long read and a lot of stats but he did M A J O R research on this for several countries going back to the 19th century as best as possible.
Enthusiast
(50,983 posts)Obviously the status quo has us in a world of hurt.
Roland99
(53,342 posts)and thoroughly ignored by our "liberal" M$M
ctsnowman
(1,903 posts)that will get people to show up at the polls.
Enthusiast
(50,983 posts)wolfie001
(2,252 posts).....of US workers from hedge fund schemes that turn around and under pay on their thievery. That probably equals untold trillions.
calimary
(81,322 posts)Good to have you with us! YES. Let us NOT forget. There are many of us who wish those greedy, conniving thieves were in jail now.
wolfie001
(2,252 posts)I've been around many years but every now and then I put in my two cents worth. Cheers
Enthusiast
(50,983 posts)Initech
(100,081 posts)The billionaires buy Congress and pass tons of anti labor legislation, gut any kind of assistance required to get us out of the hole, then pee on us. Both literally and figuratively.
Dawgs
(14,755 posts)stillwaiting
(3,795 posts)... on our side. Period.
kentuck
(111,104 posts)news.
MadDAsHell
(2,067 posts)I don't get the distinction. Middle class and poor people don't work?
Who exactly are "working people"?
rhett o rick
(55,981 posts)Middle class is generally those that have white collar jobs while Working class generally work with their hands. Very rough definitions and there are definitely overlaps.
N.Y. to Paris
(110 posts)It's almost imperative that she run...Liz, Alan, and Bernie are the only voices
that are in the faces of the assholes....way too many D's playing it safe....
fucking cowards that they are. AND, the thing that makes me smile the most,
is that President Obama, has gone about his business to turn this boat around,
and basically asked for nothing in return....( I respect the shit out of that man)
Not perfect, but damn good....AND, with any luck, she WILL be our next Pres.
and we can start sailing in the right, oops, sorry, in the correct direction!
Central Scruitinizer
(57 posts)That is how righties respond to facts such as Elizabeth's point.
According to the virtue of selfishness, modern robber barons are victims of class warfare, American rabble is jealous of the fabulous riches our oligarchs enjoy, so in their hatred of the rich, they want EVERYONE to be poor.
How does one penetrate this bubble reality right wingers present?
think
(11,641 posts)R. Daneel Olivaw
(12,606 posts)Kevin from WI
(184 posts)Why would I ever vote for Hillary Goldman Sachs? If I wanted to vote for a Republican I'd join the GOP.
RiverLover
(7,830 posts)BruceStern
(13 posts)I love E. Warren but including dentists* with the Koch brothers isn't an accurate picture of what's happened.
http://krugman.blogs.nytimes.com/2013/09/12/good-times-at-the-top/?_r=0
http://www.demos.org/blog/9/13/13/top-01-percent-reach-new-heights
By the way, erm... hi!
*I'm not a dentist.
Hugin
(33,164 posts)SMH... The whole "trickle down" hogwash should be some quaint idea lost in a history book somewhere along with other dusty and disproved pseudo science like phrenology.
For crying out loud... THIS.IS.2015! We should have conquered disease, fossil energy dependence and be a space faring species by now.
I simply don't get it.
SMDH...
Fortinbras Armstrong
(4,473 posts).... some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting.
Enthusiast
(50,983 posts)Supply side measurse have done nothing but eviscerate the working class. Anyone should recognize this. The Pope sees the harm it has done done.
raouldukelives
(5,178 posts)I sure do see lots of emulation of them these days. Lie, cheat, steal, doesn't matter. Just get it anyway you can, aligning with whomever you want to, killing whatever you have to and destroying whatever you want to.
MannyGoldstein
(34,589 posts)Disrupting yourselves. A new low.
Regards,
TWM
alfredo
(60,074 posts)wealth to the top 1%. The trickle down was the lie that sold it to the sheep.
colsohlibgal
(5,275 posts)The amazing this is how many 99% people, who this hurts, buy into this nonsense.
And other nonsense. On a Salon comment the other day somebody said that it's been proven that socialism does not work. I jumped all over it because that's another big lie.
We need more people do not just take the word of liars like Fox News.
Tab
(11,093 posts)Many products, books, and industry kudos I have and I still (if not consulting) can only command the wage I earned 20 years go. And, of course, that isn't worth what it was 20 years ago even.
tclambert
(11,087 posts)Republican politicians give corporations and rich people billions in tax breaks, and they return the favor by allowing millions to trickle down in campaign contributions. It doesn't trickle very far, and the discount rate is really high, but it affects all the people that matter.
stage left
(2,962 posts)Warren/Sanders, Sanders/Warren. I'm good either way.
AtheistCrusader
(33,982 posts)Just not doing what the designers CLAIMED it would do.
It enriched the top 10%, instead of raising all boats.
Exactly as they intended.