Quote:
Originally Posted by Urbane Guerrilla
....
No, simplistic is expecting the public sector to increase the wealth or to be a jobs agency. That simply never happens -- government is part of the administrative overhead, not the wealth engine. Economists understand this, Democrats presently ignore it. Dumb....
|
Rewriting history again, UG?
It was Democratic programs from the New Deal and labor legislation of the 30s that ended the depression; the post-WWII programs that invested in education, built the nation's current infrastructure, underwrote the infant technology and bio-med industries, funded the aerospace industry; the civil rights legislation of the 60s that was instrumental in the creation of a Black middle class.....all of which not only created more personal wealth, but fueled the economic engine of which you speak.
Economists understood this.
Republicans and Libertarians are still in denial.