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10-29-2011, 02:58 PM
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#1
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Valued Poster
Join Date: Jan 5, 2010
Location: Houston, TX
Posts: 3,860
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Supply Side Economics Has Been an Epic Failure
Sometimes there isn’t a mountaintop high enough to shout out the obvious: SUPPLY-SIDE ECONOMICS HAS BEEN AN UNMITIGATED DISASTER! Period, end of discussion.
The facts are as clear as the nose on your face. Not only has this bastard-child of an economic scheme been responsible for the bulk of the U.S. debt over the last three decades, which the vaunted defenders of the faith fail to even acknowledge, it has been responsible for the biggest upward redistribution of wealth in this country since the 1800s – the time of the great land barons.
Just take a gander at the data from the chart below. Read it and weep. It’s easy to understand how Republicans can continue to sell a failed and morally bankrupt economic philosophy to the American public; it’s all they have left. What still befuddles the mind is how the American public keeps on buying it.
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10-29-2011, 06:09 PM
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#2
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Valued Poster
Join Date: Jan 7, 2010
Location: two steps ahead of the posse.
Posts: 5,356
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Reagonomics
Reagan really pushed his Reagamomics on this country and many people bought into it.
It was really a great scheme, but only for those at the top of the food chain and the so-called "trickle-down" effect was just smoke and mirrors that never bore fruit.
. . . Why so many still admire Reagan is beyond me!
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10-29-2011, 07:05 PM
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#3
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Account Disabled
Join Date: Feb 12, 2010
Location: allen, texas
Posts: 6,044
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Quote:
Originally Posted by Fast Gunn
Reagan really pushed his Reagamomics on this country and many people bought into it.
It was really a great scheme, but only for those at the top of the food chain and the so-called "trickle-down" effect was just smoke and mirrors that never bore fruit.
. . . Why so many still admire Reagan is beyond me!
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Totally agree and the GOP wants to talk about class warfare-lol How many times did Reagan raise taxes? Reagan tripled the deficit- inflation rose, but I guess he gets a pass- also at the same period during Reagan's term UE rate went up and it didn't go down until 2nd term
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10-29-2011, 09:59 PM
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#4
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Valued Poster
Join Date: Jan 4, 2010
Location: Stillwater, OK
Posts: 3,631
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Quote:
Originally Posted by Fast Gunn
. . . Why so many still admire Reagan is beyond me!
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he needs to be on Mt Rushmore
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10-29-2011, 10:01 PM
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#5
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Valued Poster
Join Date: Jan 4, 2010
Location: Stillwater, OK
Posts: 3,631
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Quote:
Originally Posted by wellendowed1911
Totally agree and the GOP wants to talk about class warfare-lol How many times did Reagan raise taxes? Reagan tripled the deficit- inflation rose, but I guess he gets a pass- also at the same period during Reagan's term UE rate went up and it didn't go down until 2nd term
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he got the idea from John F Kennedy, a donkey
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10-29-2011, 11:35 PM
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#6
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Reagan couldn't have done it without the support of Democrats in Congress. G Bush 41 also needed Democrat help. Pres Clinton kept it going, a Democrat. GW Bush also needed some Democrat help, so to blame this all on Reagan and the Republicans is ridiculous. It was a team effort, and is the natural result of crony-capitalism, not supply-side economics.
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10-30-2011, 01:50 AM
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#8
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Moderator
Join Date: Nov 22, 2009
Location: Happyville
Posts: 11,450
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Retread thread. Hell even the same graphic was posted.
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10-30-2011, 02:23 AM
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#9
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Valued Poster
Join Date: Jun 12, 2011
Location: Olathe
Posts: 16,815
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You destroyed your own argument from the very first post. Supply side economics? How long have we not been doing that. Those great days that you show on your graph were supply side economics without all of the EPA regs, the EEOC regs, the OSHA regs, the MSHA regs, and all the other regs that have been added since the 1950s. Supply side economics? It cost thousands of dollars to hire a single individual today because of all the rules. A small business with a gross income of 5 million dollars has to pay the same amount of money that a large business with a gross of 100 million dollars to hire a new employee. Small business is the engine that makes our economy run and yet we have shackled small business with all of these rules that make small business reluctant to hire anyone. This isn't supply side economics. This is a semi-state controlled economic model and the rot set in when the government became more involved. The direction you want to go is socialism and things will go from bad to worse.
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10-30-2011, 04:06 AM
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#10
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Valued Poster
Join Date: Jan 9, 2010
Location: Nuclear Wasteland BBS, New Orleans, LA, USA
Posts: 31,921
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Quote:
Originally Posted by JD Barleycorn
You destroyed your own argument from the very first post. Supply side economics? How long have we not been doing that. Those great days that you show on your graph were supply side economics without all of the EPA regs, the EEOC regs, the OSHA regs, the MSHA regs, and all the other regs that have been added since the 1950s. Supply side economics? It cost thousands of dollars to hire a single individual today because of all the rules. A small business with a gross income of 5 million dollars has to pay the same amount of money that a large business with a gross of 100 million dollars to hire a new employee. Small business is the engine that makes our economy run and yet we have shackled small business with all of these rules that make small business reluctant to hire anyone. This isn't supply side economics. This is a semi-state controlled economic model and the rot set in when the government became more involved. The direction you want to go is socialism and things will go from bad to worse.
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fascism
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10-30-2011, 10:49 AM
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#11
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Valued Poster
Join Date: Jan 6, 2010
Location: In the state of Flux
Posts: 3,311
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Indeed, comrades, everyone knows that central planning by the government is the only way to run an economy!
ROFLMFAO
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10-30-2011, 11:13 PM
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#12
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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The statistics are typical of crony-capitalist states. And really, TTH, the NYTimes? An authority?
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10-31-2011, 01:51 AM
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#13
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by cptjohnstone
he needs to be on Mt Rushmore
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yea, hanging from rushmore. What was his energy plan again?
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10-31-2011, 01:56 AM
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#14
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by Iaintliein
Indeed, comrades, everyone knows that central planning by the government is the only way to run an economy!
ROFLMFAO
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so abortion should be left up to the person preggo?
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10-31-2011, 12:02 PM
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#15
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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WTF, how does that even apply to the current discussion? My answer is, of course, yes, but even if it were "no" it has nothing to with central economic planning.
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