Bernie Sanders is right

Social media and mainstream news sources have been all a-twitter about Senator Bernie Sanders’s long speech on the floor of the US Senate on Friday against the flawed tax cut deal worked out between Republicans and President Obama.

I haven't been able to find a good summary of the major points made by Sanders in a speech that lasted more than eight hours. But there was a link to this Rachel Maddow commentary on Sanders's Facebook page, and here is a link to the transcript of the entire speech. Here's a brief sample from close to the beginning:

Economists on both ends of the political spectrum believe that if we are serious about addressing the horrendous economic crisis we are in now, 9.8 percent unemployment, there are far more effective ways of creating the jobs we have to create than those tax proposals. With corporate America already sitting on close to $2 trillion cash on hand, it is not that our friends in corporate America don't have any money, we have to help them. They have $2 trillion cash on hand. The problem is not in my view that corporate taxes are too high; it is that the middle class simply doesn't have the money to purchase the goods and products that make our economy go and create jobs.

I think if our goal is to create the millions and millions of jobs we need, and if our goal is to make our country stronger internationally in a very tough global economy, I would much prefer, and I think most economists would agree with me that a better way to do that, to create the millions of jobs we have to create, is to invest heavily in our infrastructure.

If you would like to tell your own US senators and representative how you feel about the tax cut deal, you can do that via usa.gov.