Fair Economics


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What if we had leaders who presented economic policies that actually solved problems rather than creating them? Fair Economics is the philosophy that the right thing to do is also the smart thing to do. This presentation is brought to you by the Fairness Coalition.

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Fair Economics

  1. 2. An Introduction Economic policy effects every single one of us every day of our lives. We ignore it at our extreme peril. Management of economic policy may represent the single most important function that any government provides. Most people “vote their pocketbook” on election day. Yet despite all of this, economic policy seems to be the one area of political discourse now furthest removed from the reality of ordinary Americans. While politicians debate obscure theory – basic economic expectations and discussions are being entirely bypassed. As economic policy moves further away from reality – it becomes ever more confusing, ineffective and unfair…
  2. 3. What is Fair Economics ? Fair Economics is an economic philosophy which posits that the well being and success of the middle class determines the well being and success of the nation. The goal of Fair Economics is not hidden in some obscure theory or statistical algorithm – it is undeniably clear. We can measure economic success through our standard of living and through the assessment of economic opportunity experienced by Americans. This is not a new approach, yet somehow it has been forgotten over the years. Common Sense has been replaced by bizarre economic speculation, global market manipulation and a focus on quarterly profits.
  3. 4. Economics is not an exact science – and neither is politics. Anyone who tells you different is lying. Both “sciences” are dynamic and very much influenced by social or cultural trends. However, even though these fields are dynamic, evidence and trends can inform us about what works and what doesn’t work.
  4. 5. Back to the Basics The United States has the largest, most successful economy on earth. We grew that economy and success entirely by growing the middle class . The Globalization trend of the past 30 years has ignored and undermined that basic premise by shrinking the middle class through job and industry outsourcing. Globalization as practiced now does not grow new middle class markets overseas – it instead props up banana republics and dictatorships and keeps wages low everywhere. It is the new Colonialism . This has greatly weakened the United States and has devastated our way of life and standard of living.
  5. 6. How Do Achieve Fairness ? <ul><li>We can pursue and achieve Economic Fairness by applying a simple test to any economic policy. </li></ul><ul><li>Does the policy promote the interests of middle class Americans? </li></ul><ul><li>Will the policy lead to job growth? (and not vague promises of job growth but provable growth). </li></ul><ul><li>Will the policy help to increase the American standard of living ? </li></ul><ul><li>Will the policy lead to improved economic stability? </li></ul><ul><li>Does the policy only serve the interests of a handful of super-wealthy interests? </li></ul>
  6. 7. Our economic future is bleak – there is little consumer confidence because wages are shrinking and economic stability has been sacrificed to the pursuit wild speculation. That is not just unfair – it’s downright stupid .
  7. 8. Summary <ul><li>Fair Economics is based on the premise that what benefits the middle class benefits the nation. </li></ul><ul><li>We know Fair Economics works because it worked before – the most successful economic policy in history. </li></ul><ul><li>We know the current trend towards unfair economics is failing – the world is sinking into a new Depression. </li></ul><ul><li>Fair economics can be easily defined and measured. We can hold our leaders accountable to it. </li></ul><ul><li>Fair economics is not just the right thing to do, it is and always has been the smart thing to do. </li></ul>