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ShcShc11

TED Talks: Billionaire Nick Hanauer on Job Creators

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http://www.youtube.com/watch?feature=player_embedded&v=bBx2Y5HhplI

Quote

Nick Hanauer, self-described "super-rich" entrepreneur, gave a pretty compelling TED Talk about how the middle class—not the super-rich—are the real job creators. But TED, which has released over 100 different political videos in the past, thought this one was too partisan and chose not to release it. We didn't notice any flaming partisanship in it. We normally love TED, and were surprised they didn't think this talk was TEDworthy.

Under pressure from the Internets, TED finally relented and released the video. Watch it and decide for yourself if it's really all that controversial to say that the "super-rich are not job creators."




Pretty much summarizes the economic situation happening in both U.S and Europe. A lack of demand while the economy is on zero-bound (see 1990 Japanese) crisis is what holding back the U.S. The stimulus enacted was a fraction of what was needed to repair the 2.5 trillion $ hole created in 2008.

Anyway, enjoy the video :)


Cheers!
Shc

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