China February Auto Sales Rise 25% After Tax Cuts (Limbaugh, Iraq, Israel)

[coastalrap]

Wow, too bad we didn't think of that.

March 10 (Bloomberg) -- China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year.

[ViewFromThePeak]

I've been trying to tell people they're eating our lunch.

[Oerdin]

Originally Posted by coastalrap

Wow, too bad we didn't think of that.

You really don't have a clue what you are talking about. Yes, China did lower taxes but more importantly they passed a stimulus bill which amounted to about 30% of GDP. Compare that the tiny 1.5% of GDP stimulus bill we passed. What is more the Chinese are spending it on things which really will get their economy moving like new freeways, bridges, dams, new airports, new train lines, new power lines, and lots of new state owned factories. To compare our stimulus bill contained mostly tax cuts and only about 5% actual real infrastructure stimulus like the New Deal and the Chinese stimulus.

The Chinese aren't stupid and they know Keynesian economics works so they're not doing half measures the way we are. They really are going for a New Deal where as the US is going for a 1/4 to 1/5 deal. Guess who's got their economy moving again and who hasn't? The Chinese because they put the money down and we penny pinched.

[ViewFromThePeak]

Originally Posted by Oerdin

You really don't have a clue what you are talking about. Yes, China did lower taxes but more importantly they passed a stimulus bill which amounted to about 30% of GDP. Compare that the tiny 1.5% of GDP stimulus bill we passed.

The Chinese aren't stupid and they know Keynesian economics works so they're not doing half measures the way we are. They really are going for a New Deal where as the US is going for a 1/4 to 1/5 deal. Guess who's got their economy moving again and who hasn't? The Chinese because they put the money down and we penny pinched.

The Chinese can get away with it because they have reserves, and doesn't prove anything as to the long term viability of Keynesianism. Keynesian retard voodoo economics are epic fail while undergoing massive deficits and no reserves.

[EinsteinsGhost]

Originally Posted by coastalrap

Wow, too bad we didn't think of that.

We did... and got the biggest credit/housing bubble in history. To quote John Gardener: "History never looks like history when you are living through it".

This applies well to post 2001 recession economic policies (not that we needed the recession for an excuse), which goaded America into an artificial economic stimulation which created more problems than it helped.

I was talking to a friend last night about the difference in Chinese and American economies, the latter being relegated to a solely consumer based set up. The struggles here are reflected in China, because they were the ones creating wealth and leveraging the customers here. Now that the consumption is down here, China is trying to "replace" American market by creating a demand within. Fortunately, for them, they can still manufacture goods and create wealth when demand improves, so all they have to do is hang on, create an artificial market that helps sustain until conditions improve.

[LibertyandJusticeforAll]

Originally Posted by Oerdin

You really don't have a clue what you are talking about. Yes, China did lower taxes but more importantly they passed a stimulus bill which amounted to about 30% of GDP. Compare that the tiny 1.5% of GDP stimulus bill we passed. What is more the Chinese are spending it on things which really will get their economy moving like new freeways, bridges, dams, new airports, new train lines, new power lines, and lots of new state owned factories. To compare our stimulus bill contained mostly tax cuts and only about 5% actual real infrastructure stimulus like the New Deal and the Chinese stimulus.

The Chinese aren't stupid and they know Keynesian economics works so they're not doing half measures the way we are. They really are going for a New Deal where as the US is going for a 1/4 to 1/5 deal. Guess who's got their economy moving again and who hasn't? The Chinese because they put the money down and we penny pinched.

I love how they call it Keynesian economics. While I really can't compare the United States and the Chinese government tactics on taxes and the fact that we are a democracy and they are communist. I do find it interesting that keynesian heads love to believe the economy comes from government spending. I also love how they never have enough to build those bridges, highways and other idealogies where GOVERNMENT IS KING.
How about the capitalist economics I would love to TRY IT FOR ONCE IN AMERICA. You know where you keep what you earn that includes the rich, middle and poor and the federal government is limited and small and lets just see what economy works better. You know what unemployement would be .01%. Of course the government wouldnt have any money to start wars, build iraq spend money on palestain and israel and helping 109 countries, poorly central planning of banks and backing socialist ideals of homeownership, manage our trade and all the wealth by pretending they know what the hell they are doing. By the way if the government is spending the money, which is really the peoples money and all these things are created, built etc. I guess you would work for the government then wouldnt you. Which is exact what the communist China is build on. <--- I'll pass on the communist economy thank you, and it would be nice if we actually were capitalist like I said we wouldnt be borrowing from the Chinese to pay for the Governments Waste of SPACE!
Please give the lies of government spending up, stop force feeding the dependancy that got us into this mess and the over budget idiots we elect to run the world, start wars and promote the welfare state for your VOTE!
Government no money = YOU HAVE FREEDOM

[golfgod]

Libertyandjusticeforall wrote;

I do find it interesting that keynesian heads love to believe the economy comes from government spending.

Actually that's NOT what Keynesians think. But they KNOW that if you want to keep an economy perking along at a rate of X and private spending drops to 70% of X you'd better make up the 30% from somewhere. That somewhere turns out to be the government. Pretty adequately explained in the first few weeks of an introductory Economics class, and not hard to understand for anyone who doesn't think Limbaugh, O'Reilly and Hannity are economists.

As for the statement that;

You know where you keep what you earn that includes the rich, middle and poor and the federal government is limited and small and lets just see what economy works better.

I can only ask how are you liking those government items as;

Roads,
Dams,
Airports,
Air traffic control
Highways
Food safety inspections,
Government owned power plants (still providing cheaper electricity than private industry)
Universal primary education
Public and land grant colleges
The Centers For Disease Control
Hurricane warnings, nice if you live along the Gulf and East Coasts,
Weather warnings if you live in any of the 50 states that ever have severe weather
FDIC to insure your bank deposits
Governments guaranteed college loans-because no sane banker is going to lend to college students
Farm programs in the 50 states that have farms
Security and Exchange Commission, so you know something about the securities you're purchasing, not just "blue sky"
Fire departments
Police departments
Public libraries
Auto safety standards
Truck safety standards
National (and state in some cases) clean air and water standards
United States Attorney's to protect you from crime
The FBI
VA hospitals and treatment centers to, "serve him who has borne the brunt of the battle, along with his widow and orphans"

All of these, and many other benefits are brought to you by "that dirty, bloated government". Enjoy.

golfgod

[Oerdin]

Originally Posted by ViewFromThePeak

The Chinese can get away with it because they have reserves, and doesn't prove anything as to the long term viability of Keynesianism. Keynesian retard voodoo economics are epic fail while undergoing massive deficits and no reserves.

Keynes never wanted spending to be long term, that's why it is called "pump priming" because it is trying to restart the normal economic engine. Don't you know anything about Keynesian economics? It sure doesn't look like it.

Also it is funny that someone who backs Reagan's failed trickle down theory (which is widely derided as "voodoo economics") is calling a prove and successful economic theory "coodoo economics".

[ViewFromThePeak]

Originally Posted by Oerdin

Keynes never wanted spending to be long term, that's why it is called "pump priming" because it is trying to restart the normal economic engine. Don't you know anything about Keynesian economics? It sure doesn't look like it.

Also it is funny that someone who backs Reagan's failed trickle down theory (which is widely derided as "voodoo economics") is calling a prove and successful economic theory "coodoo economics".

The theory cannot be proven by any academic publication, only by beauty pageant contestants like Krugman. Therefore it is not provable.

Any manipulation of the economy is voodoo. Reagan was no different.

[Oerdin]

It's completely provable because it has been tried in dozens of countries and has been a success. Please, please, please go take a history and an intro to economics class because you badly need one.