U.S. Has Regressed To A Third-World Nation For Most Of Its Citizens

 
bbearren
 
Avatar
 
 
bbearren
Total Posts:  2657
Joined  20-11-2013
 
 
 
20 April 2017 15:12
 

“The richest large economy in the world, says Peter Temin, Professor Emeritus of Economics at MIT, is coming to have an economic and political structure more like a developing nation.

We have entered a phase of regression, and one of the easiest ways to see it is in our infrastructure: our roads and bridges look more like those in Thailand or Venezuela than the Netherlands or Japan.”

 
 
EN
 
Avatar
 
 
EN
Total Posts:  18962
Joined  11-03-2007
 
 
 
20 April 2017 21:50
 
bbearren - 20 April 2017 03:12 PM

“The richest large economy in the world, says Peter Temin, Professor Emeritus of Economics at MIT, is coming to have an economic and political structure more like a developing nation.

We have entered a phase of regression, and one of the easiest ways to see it is in our infrastructure: our roads and bridges look more like those in Thailand or Venezuela than the Netherlands or Japan.”

But Trump will make them all great again - after his kids get rich.

 
GAD
 
Avatar
 
 
GAD
Total Posts:  15496
Joined  15-02-2008
 
 
 
21 April 2017 00:31
 

We don’t need no stinking roads and bridges, our Istore, Google Play, Youtube, Facebook, Twitter and Instagram infrastructure is world class!

 
 
d0rkyd00d
 
Avatar
 
 
d0rkyd00d
Total Posts:  332
Joined  15-03-2016
 
 
 
21 April 2017 04:35
 

This is the only infrastructure we need, ladies and gents.

 

Image Attachments
 
the-matrix-pods.jpg
 
 
bbearren
 
Avatar
 
 
bbearren
Total Posts:  2657
Joined  20-11-2013
 
 
 
21 April 2017 06:11
 
 
 
Jefe
 
Avatar
 
 
Jefe
Total Posts:  5875
Joined  15-02-2007
 
 
 
21 April 2017 11:02
 
bbearren - 21 April 2017 06:11 AM

Two new polls show massive majorities favor new infrastructure spending

As soon as the GOP sets up the necessary kick-back corp-structuring to profit greatly from utility and infrastructure projects that will be privatized and go to the “lowest-bidder/most-kickbacks” these projects will get underway.

 
 
Skipshot
 
Avatar
 
 
Skipshot
Total Posts:  8257
Joined  20-10-2006
 
 
 
22 April 2017 21:08
 

Regression is what the people voted for when they put the GOP in power.  The GOP constantly disparages the government and taxes so this can be expected.  The GOP represents the business class first and gives lip service to the people, and when the people are given short shrift they are told to tough it out and blamed for not working harder and being smarter, although the system is rigged against them if they don’t have enough money to get a politician’s attention.

This has happened before in the US.  In the late 19th century large businesses had so much influence over government that it threatened the republic itself.  In those days US senators were appointed by governors (I believe, I just don’t feel like looking it up now) rather than elected by the people as they are today, and subsequently they were known as the Senator from Standard Oil, and the Senator from Union Pacific Railroad, and the Senator from US Steel.  This came to an end with the anti-trust laws, the 17th Amendment, and taxation, but business is relentless in gaining money and influence and they have once again convinced the people that they are the good guys and government are the bad guys.

A little mentioned point of the American Revolution and the founding fathers is that they were fighting against corporations as much as the king because the colonies were often run by corporations and not the people.  The US Constitution specifically gives the power to the people in the optimistic hope that the people will decide what is best for the people and not the corporations, but that idea is under threat once again as corporations are given constitutional rights, namely freedom of speech equals money, and corporations have freedom of religion and may use this freedom to make decisions for their employees.  However, corporations have a different tax structure than the people because they have convinced the government and the people to calculate corporate taxes on profits while the people are taxed on revenue. Imagine if the people were able to deduct their living expenses before paying taxes, or if corporations were taxed on how much money they made before deducting their living expenses. 

The people are getting hosed because they believe corporations will look after them better than a government elected by the people.

 
unsmoked
 
Avatar
 
 
unsmoked
Total Posts:  6967
Joined  20-02-2006
 
 
 
23 April 2017 13:03
 
bbearren - 20 April 2017 03:12 PM

“The richest large economy in the world, says Peter Temin, Professor Emeritus of Economics at MIT, is coming to have an economic and political structure more like a developing nation.

We have entered a phase of regression, and one of the easiest ways to see it is in our infrastructure: our roads and bridges look more like those in Thailand or Venezuela than the Netherlands or Japan.”

Unlike the Netherlands or Japan, the U.S. doesn’t have the money, manpower, or technology to fix it’s infrastructure.  The President’s private Boeing 747 is 26 years old!  Would Prince Alwaleed bin Talal be caught dead in such a rattletrap?  https://www.forbes.com/pictures/flhm45kehl/inside-prince-alwaleed-b/#7ed38deb3a5c

And what did Prime Minister Shinzo Abe think when he got home and read this!?  https://www.washingtonpost.com/news/food/wp/2017/04/13/what-restaurant-inspectors-found-wrong-in-trumps-mar-a-lago-kitchen/?utm_term=.045175c1ab08

 

 
 
icehorse
 
Avatar
 
 
icehorse
Total Posts:  5469
Joined  22-02-2014
 
 
 
29 April 2017 12:06
 

unsmoked:

Unlike the Netherlands or Japan, the U.S. doesn’t have the money, manpower, or technology to fix it’s infrastructure.

If only our $600 billion defense budget could be trimmed by 80% with no discernible loss of security…

 
 
bbearren
 
Avatar
 
 
bbearren
Total Posts:  2657
Joined  20-11-2013
 
 
 
29 April 2017 16:45
 
 
 
icehorse
 
Avatar
 
 
icehorse
Total Posts:  5469
Joined  22-02-2014
 
 
 
29 April 2017 18:02
 
bbearren - 29 April 2017 04:45 PM

We have a revenue problem.

seems closely related to Nick Hanauer’s take:

hanaeur

and i agree.

And, BTW, I’d take all that defense budget savings and reinvest it in infrastructure, and education and renewable R&D and such.

[ Edited: 29 April 2017 19:08 by icehorse]