The Real Truth About the Economy…

by Marty Mazorra CFP®, ChFC® Founder & Co-Chief Investment Officer

I’m good for 3 or 4 of the 1.4 million hits on [MoveOn.org’s] video below. I gotta tell ya, I’m amazed at how Economist, and former U.S. Labor Secretary, Robert Reich can illustrate “The Truth About the Economy” in a mere 2 minutes, 15 seconds. But I suppose offering up talking points, with no more than surface (and suspect) justifiers, is how you influence/motivate/mislead your everyday voter. Most folks (not you of course), alas, won’t commit five minutes (could be Facebooking) to get to the “real truth”.

I toyed with the idea of offering up my own rendition of “The Truth About the Economy” (with statistics I’ve previously cited on this blog), but luckily for me – and you – Professor Don Boudreaux (video #2 below) beat me to it. The thing is, he takes a whole 5 minutes (a Youtube marathon to “most folks”) to address only Reich’s first, 27 seconds long, bullet point. I.e., getting to the real truth requires a little scratching of the surface.

If you at times find yourself sympathetic to the pathetic argument that life in these United States has been somehow “unfair” to the middle-class, PLEASE take a few minutes and consider the facts.

http://www.youtube.com/watch?v=JTzMqm2TwgE&feature=youtube_gdata_player

http://www.youtube.com/watch?v=s6FmhXQ32Wo&feature=youtube_gdata_player

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