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"Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today," writes Bruce Bartlett. He's an economist who worked for Republican congressmen and in the administrations of Presidents Ronald Reagan and George H.W. Bush.
As for the idea that cutting regulations will lead to significant job growth, Bartlett said in an interview, "It's just nonsense. It's just made up."
Most of us already knew this, but for those of you he believed the Republican candidates. Here is your sign.
Okay. But then you're left with the rest of what he didn't say...
He didn't say raising taxes and adding more regulations will create jobs. See Stimulus (Obamanomics), Obamacare and Dodd-Frank.
The fact that Reagan cut approximately $760 billion in taxes and then added approximately $366 billion (in today's dollars) back in tax increases is often used and is true. That's approximately 1% of total GDP that was tax cuts.
You know what's being recommended to you today for you to get your fiscal house in order? $4 trillion over ten years. Don't do it and see what happens...
So let's tally up to this point where both leaders were at when they took office.
Now, let's see what Obama will need to do up to Dec. 2012.
Quote:
Employment numbers - Total non-farm
Jan. 1981 - 91,031,000
Dec. 1984 - 96,087,000
Or 5,056,000 jobs added.
Obama will need to be at 138,619,000 "Employment numbers - Total non-farm" if you want to use the mantra of raising taxes and adding regulations is at least on par with "Reaganomics."
That means Obama will need 7,285,000 job in 13 months or 560,384 jobs per month. I'm sure that'll happen.
You're failing to acknowledge that the US was the most prosperous nation for a very long period of time. As such, more people were emigrating here than any other country. So capitalism isn't just good to the rich.
Also, there is socialism in every country. There is not true free market capitalism anywhere the world. The US is actually more socialist with regards to some aspects of society than those countries you listed.
Than some?
Nearly all of our current revenues would be taken up by our social safety net.
"Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today," writes Bruce Bartlett. He's an economist who worked for Republican congressmen and in the administrations of Presidents Ronald Reagan and George H.W. Bush.
As for the idea that cutting regulations will lead to significant job growth, Bartlett said in an interview, "It's just nonsense. It's just made up."
Most of us already knew this, but for those of you he believed the Republican candidates. Here is your sign.
Unfortunately, like Kennedy, the Reagan legacy is often much grander than the reality of his reign. People still think this guy's some sort of economic genius when it was *he* and *his policies alone* who got us into our current public debt debacle.
Unfortunately, like Kennedy, the Reagan legacy is often much grander than the reality of his reign. People still think this guy's some sort of economic genius when it was *he* and *his policies alone* who got us into our current public debt debacle.
Yes he help to start the great slide. Tax cuts drove up debt. He did not care about no stink in debt.
To heck with freedom and liberty, mediocrity for all because the state dictates it!
Keep your Marxist programming out of the schools please and take Bill Ayers with you.
Marx isn't the only economist that focused on economic planning, look up Keynes too. Laissez-faire capitalism has gross power inequalities, it is not an ethical economic position if one values the dignity of human beings.
Unfortunately, like Kennedy, the Reagan legacy is often much grander than the reality of his reign. People still think this guy's some sort of economic genius when it was *he* and *his policies alone* who got us into our current public debt debacle.
Someone needs to Google TEFRA.
I'll take that 9.3% increase in GDP, the ten point drop in the inflation rate, the record US dollar, the inflation adjusted $2.60/gal gasoline and the twenty million new private sector jobs any day over our current mess.
Why do liberals feel the need to qualify their talking points with references to Reagan? Is it because you, too, know that he was a million times better than Barack Obama?
Why do liberals feel the need to qualify their talking points with references to Reagan? Is it because you, too, know that he was a million times better than Barack Obama?
Just curious.
Have to Give Republicans a source that they believe in, if the source was Obama economists, how many Republicans would pay attention. Interestingly the Republican economist and most liberal economists probably agree on the point of this thread.
It is, however, Pavlovian to hear a socialist immediately deny that the USSR and Eastern Europe adopted such a system when one mentions it, usually with some sort of BS about how Marxism and socialism are very different philosophies.
Read about Trotsky... the revolution in Russia was corrupted by anti-democratic oligarchy. I think the failure of socialism in Russia has more to do with lack of democratic institutions than it has to do with the failure of Marx per se.
On the other hand, Capitalism as a system sees some people permanently unemployed as a good thing, because it creates a surplus army of workers to hold down wages. The moral implications of just letting people suffer aren't a problem , because all that matters is profit and efficiency.
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