Growing the economy from the middle class out (Obama, elect, money)

[eRayP]

Doesn't seem to be working.

If Obama really wants to "grow the economy," to borrow that horrific phrase, he needs to understand the dynamic. It's individuals with ideas -- entrepreneurship and innovation --that raise our standard of living. And not just that of the innovators themselves, who get rich off their creative genius. All of us benefit. Productivity growth comes from new technologies -- everything from the steam engine to electricity to the telephone to digitalized bits of information -- that allow us to produce more with less, reducing costs and raising real incomes.

Obama may not understand how economies advance and prosper -- and he could never admit it if he did -- but the path of wealth creation is top down, not inside out. It's not about class; it's how an economy works.

http://www.americanthinker.com/blog/...economics.html

[urbanlife78]

So you want the country to have a weak middle class? So people can only be rich or poor? That just sounds stupid.

[GregW]

The path of wealth creation is from everyone else to the wealthy. Our economy has been manipulated to eliminate the prosperity of the working and middle class since Ronnie Raygun. The very wealthy plutocrats never spread money around unless they are forced to.

Capitalism is a great economic ideal that we should try someday but Connected Cronies buying the Government is so much more profitable.