Forget about all those on the right who piss and moan about a possible class war--it's already here and we in the middle class and our brothers and sisters who make up the poor are losing. Badly.
There really isn't much to this piece by Kevin Hassett of the American Enterprise Institute concerning the "overpaid" middle class workers that I can refute better than Meteor Blades already has. He doesn't propose cutting his pay, he doesn't propose cutting CEO pay, he fails to mention how many have already taken pay cuts or a loss in hours worked (same thing). I'm certainly not an expert in economics, but deflation and people spending even less money seems like a no-brainer. I have no idea if this line of thought--that more people can be employed if we peons would only take pay cuts from our "fat paychecks"--can gain any traction, but considering that fully one-third of Americans are stupid enough to vote for republicans despite it not being (and never will be) in their best economic or moral interest, is enough to scare me. That, and thanks to Citizen's United, an organization like the Chamber of Commerce (which, as impossible as it may seem, has even less concern for the working men and women of America than republicans) is able to spend hundreds of millions of dollars to spread such bullshit.
One odd point that I thought Blades missed: the American Enterprise Institute (which would scream "socialism" if Democrats farted) is really pushing forth a rock solid socialist principle, don't you think? Spread the wealth, so to speak? I guess socialism is okay for the poor and the middle class, as long as the wealthy get theirs.
Oh, one other thing--I'm not quite as polite as Meteor Blades. My first thought--and strongest thought--to Mr. Hassett's contention that unemployment is my fault thanks to my fat paycheck was fuck you, next idiot please!
Peace,
emaycee
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