Can you believe it? Even Republican businessmen don't believe in "Supply and Demand"

[ClosedCaption]

I was talking to a Republican who runs a small machine shop. I told him it's a myth that jobs are "created" by the wealthy. They aren't charities. I told him it's all about "Supply and Demand". Without that, no jobs will be created. "Supply and Demand" is what drives job creation.

And he disagreed.

If Supply and Demand doesn't drive job creation, what does?

I told him it's a myth that jobs are "created" by the wealthy.

They must be created by the poor. And by welfare. Right, Obama?

No they are created by Queen Elizabeth since you want to act stupid

 

[Toddsterpatriot]

It's a fact that Reagan crushed GDP growth.

That's hilarious! This is why you can't be taken seriously.

Tax cuts for wealthy is not supply side economics. It reduces production & increases prices.

Did you actually complete that 100 level Econ class? Did you drop it before you failed? Wow!

In order to truly be Supply Side Economics, the policy must actually boost GDP Growth Rates. Reagan / Bush / Bush tax cuts lowered GDP Growth Rates. Clinton & Obama increased GDP Growth Rates.

Look at that! From 1982-90, GDP growth above 5%, even touching double digits, thanks to Reagan's tax cuts.
Something Obama still hasn't achieved, despite adding $7.5 trillion to the debt.
I love it when liberal morons post refutations of their own claims.
Thanks Chuckles.

 

[KissMy]

It's a fact that Reagan crushed GDP growth.

That's hilarious! This is why you can't be taken seriously.

Tax cuts for wealthy is not supply side economics. It reduces production & increases prices.

Did you actually complete that 100 level Econ class? Did you drop it before you failed? Wow!

In order to truly be Supply Side Economics, the policy must actually boost GDP Growth Rates. Reagan / Bush / Bush tax cuts lowered GDP Growth Rates. Clinton & Obama increased GDP Growth Rates.

Look at that! From 1982-90, GDP growth above 5%, even touching double digits, thanks to Reagan's tax cuts.
Something Obama still hasn't achieved, despite adding $7.5 trillion to the debt.
I love it when liberal morons post refutations of their own claims.
Thanks Chuckles.

Direction tells the tale you Retard! Reagan turned a 12% GDP Growth into 5% Growth That is the opposite of Success. Same for both Bush's.
Clinton & Obama turned low or negative growth into much higher positive growth.

 

[rdean]

The most creative people on Earth are 90% liberals.

we're not talking about creative people you idiot but people who invent or supply new inventions. Republicans support supply side economics, i.e., the supply of new inventions most importantly, while Democrats support demand side economics, i.e, welfare and food stamps to stimulate demand and thus the economy.

Do you have the IQ to understand?

Dear Clueless Repubtard Idiot! Republicans do not believe in supply side economics! Republicans slow GDP growth.

Since Reganomics the US GDP growth rate has been in decline! Except for The Clinton & Obama Administrations. Clinton took Bush #1's 2.6% GDP Way Up to 7.5% GDP GROWTH! Bush #2 took Clinton's +7.5% GDP Growth, Down to -3.2% "NEGATIVE GDP!!! Obama Reversed Republican Negative GDP from -3.2% GDP to +5.0% GDP Growth.

The highest consistent sustained US GDP growth rates were from 1955 to 1980 when Reaganomics started eroding this country.

Let's add more moronic regulations. That always helps the economy.
And higher taxes. Screw those rich guys. Tax 'em at 90%, they'll work more.

Republicans love large word-salad legal contracts that screw workers, savers & investors out of their money & rights. Republicans steal from productive workers & give it to the rich. Republicans hate Fiduciary Responsibility & Promote Swindlers!

Republicans actually decrease supply growth rates & increase prices. Employment, GDP, US dollar & Economy all fall under Republicans!!!

Republicans love large word-salad legal contracts that screw workers, savers & investors out of their money & rights.

Sounds interesting. You have an example?

Republicans actually decrease supply growth rates & increase prices. Employment, GDP, US dollar & Economy all fall under Republicans!!!

All of those things greatly improved under Reagan after his tax cuts, even after a double dip recession.
Why haven't they improved as much under Obama? Weakest recovery ever. And I heard he was a Dem.

Reagan's tax cuts?

How dare you be so fucking ignorant on the USMB. This is where a worthy bitch slap might be well deserved:

Stephen Colbert brings up Ronald Reagan's tax-raising record in Ted Cruz interview

Cruz said "of course not" before pivoting to Reagan’s most conservative accomplishments, one being that he "signed the largest tax cut in history" and spurred economic growth.

"You know, when Reagan came in, from 1978 to 1982, economic growth averaged less than 1 percent a year. There’s only one other four-year period where that’s true. That’s true from 2008 to 2012," Cruz said.

Colbert jumped in, saying "But when conditions changed in the country, he reversed his world’s ‘largest tax cut’ and raised taxes when revenues did not match the expectations. So it’s a matter of compromising."

The 1982 tax increase was "probably the largest peacetime tax increase in American history," said economist Bruce Bartlett, who advised Reagan on domestic policy and then worked as Treasury deputy assistant secretary for economic policy in the George H.W. Bush administration.

1983: A law Reagan signed in 1983 aimed to keep Social Security afloat by increasing payroll taxes and taxing Social Security benefits for some high-earners. This cost $24.6 billion, or almost $50 billion in 2015 dollars, through 1988, according to an administration estimate.

1984: The Deficit Reduction Act that Reagan signed rolled back part of the 1981 cut on buildings, Entin said, with the idea that Congress would enact spending cuts. "But many of those cuts were either never enacted or were later restored," Entin said. This led to $25 billion in tax receipts.

Reagan also signed tax increases in 1985, 1986, 1987 and 1988 (as well as a couple other laws with revenue reductions).

Reagan agreed to raise taxes to deal with budget deficits, even if he wasn’t enthusiastic about it.

--------------------------------------

You should be bitch slapped for every time Reagan raised taxes just for being so damn ignorant.

 

[Toddsterpatriot]

It's a fact that Reagan crushed GDP growth.

That's hilarious! This is why you can't be taken seriously.

Tax cuts for wealthy is not supply side economics. It reduces production & increases prices.

Did you actually complete that 100 level Econ class? Did you drop it before you failed? Wow!

In order to truly be Supply Side Economics, the policy must actually boost GDP Growth Rates. Reagan / Bush / Bush tax cuts lowered GDP Growth Rates. Clinton & Obama increased GDP Growth Rates.

Look at that! From 1982-90, GDP growth above 5%, even touching double digits, thanks to Reagan's tax cuts.
Something Obama still hasn't achieved, despite adding $7.5 trillion to the debt.
I love it when liberal morons post refutations of their own claims.
Thanks Chuckles.

Direction tells the tale you Retard! Reagan turned a 12% GDP Growth into 5% Growth That is the opposite of Success. Same for both Bush's.
Clinton & Obama turned low or negative growth into much higher positive growth.

Reagan turned a 12% GDP Growth into 5% Growth

Carter never had 12% GDP growth, if he did, he'd have been re-elected.
Were you dropped on your head as a child, or just born stupid?

 

[Toddsterpatriot]

we're not talking about creative people you idiot but people who invent or supply new inventions. Republicans support supply side economics, i.e., the supply of new inventions most importantly, while Democrats support demand side economics, i.e, welfare and food stamps to stimulate demand and thus the economy.

Do you have the IQ to understand?

Dear Clueless Repubtard Idiot! Republicans do not believe in supply side economics! Republicans slow GDP growth.

Since Reganomics the US GDP growth rate has been in decline! Except for The Clinton & Obama Administrations. Clinton took Bush #1's 2.6% GDP Way Up to 7.5% GDP GROWTH! Bush #2 took Clinton's +7.5% GDP Growth, Down to -3.2% "NEGATIVE GDP!!! Obama Reversed Republican Negative GDP from -3.2% GDP to +5.0% GDP Growth.

The highest consistent sustained US GDP growth rates were from 1955 to 1980 when Reaganomics started eroding this country.

Let's add more moronic regulations. That always helps the economy.
And higher taxes. Screw those rich guys. Tax 'em at 90%, they'll work more.

Republicans love large word-salad legal contracts that screw workers, savers & investors out of their money & rights. Republicans steal from productive workers & give it to the rich. Republicans hate Fiduciary Responsibility & Promote Swindlers!

Republicans actually decrease supply growth rates & increase prices. Employment, GDP, US dollar & Economy all fall under Republicans!!!

Republicans love large word-salad legal contracts that screw workers, savers & investors out of their money & rights.

Sounds interesting. You have an example?

Republicans actually decrease supply growth rates & increase prices. Employment, GDP, US dollar & Economy all fall under Republicans!!!

All of those things greatly improved under Reagan after his tax cuts, even after a double dip recession.
Why haven't they improved as much under Obama? Weakest recovery ever. And I heard he was a Dem.

Reagan's tax cuts?

How dare you be so fucking ignorant on the USMB. This is where a worthy bitch slap might be well deserved:

Stephen Colbert brings up Ronald Reagan's tax-raising record in Ted Cruz interview

Cruz said "of course not" before pivoting to Reagan’s most conservative accomplishments, one being that he "signed the largest tax cut in history" and spurred economic growth.

"You know, when Reagan came in, from 1978 to 1982, economic growth averaged less than 1 percent a year. There’s only one other four-year period where that’s true. That’s true from 2008 to 2012," Cruz said.

Colbert jumped in, saying "But when conditions changed in the country, he reversed his world’s ‘largest tax cut’ and raised taxes when revenues did not match the expectations. So it’s a matter of compromising."

The 1982 tax increase was "probably the largest peacetime tax increase in American history," said economist Bruce Bartlett, who advised Reagan on domestic policy and then worked as Treasury deputy assistant secretary for economic policy in the George H.W. Bush administration.

1983: A law Reagan signed in 1983 aimed to keep Social Security afloat by increasing payroll taxes and taxing Social Security benefits for some high-earners. This cost $24.6 billion, or almost $50 billion in 2015 dollars, through 1988, according to an administration estimate.

1984: The Deficit Reduction Act that Reagan signed rolled back part of the 1981 cut on buildings, Entin said, with the idea that Congress would enact spending cuts. "But many of those cuts were either never enacted or were later restored," Entin said. This led to $25 billion in tax receipts.

Reagan also signed tax increases in 1985, 1986, 1987 and 1988 (as well as a couple other laws with revenue reductions).

Reagan agreed to raise taxes to deal with budget deficits, even if he wasn’t enthusiastic about it.

--------------------------------------

You should be bitch slapped for every time Reagan raised taxes just for being so damn ignorant.

I know, just awful!
He dropped the top income tax rate from 70% to 28%.
He raised the Social Security tax rate from 5.35% to 6.2%.
Waaaaah.
LOL!

 

[EdwardBaiamonte]

With 92% Tax Rate Democrat Truman had 20% GDP Growth & 2.5% Unemployment Rate.
!

after war years mean nothing!! This stupid stupid stupid liberal would have us believe that the more liberals tax away venture capital from the private sector the more , not less, the private sector will have available to fund new ventures like Apple Google Intel Amazon Tesla.

Its stupid, insane, and liberal beyond words yet this is the depths to which America has sunk!!

 

[KissMy]

Carter 1979 Q1 GDP +15%

First Quarter Reagan 1981 Q1 GDP +12%
Last Quarter Reagan 1988 Q4 GDP +7%

Fewer Doctors & Medical students per capita every since Reagan took office & cut education spending. This has caused healthcare cost to spiral out of control every since. That is the exact opposite of increasing Supply in the economy, which is not REAL "Supply Side Economics"!

 

[Toddsterpatriot]

Carter 1979 Q1 GDP +15%

First Quarter Reagan 1981 Q1 GDP +12%
Last Quarter Reagan 1988 Q4 GDP +7%

Fewer Doctors & Medical students per capita every since Reagan took office & cut education spending. This has caused healthcare cost to spiral out of control every since. That is the exact opposite of increasing Supply in the economy, which is not REAL "Supply Side Economics"!

Yes, you should ignore inflation.
Because we need more proof of your room temperature IQ.
Chuckles!

 

[KissMy]

 

[EdwardBaiamonte]

Carter 1979 Q1 GDP +15%

First Quarter Reagan 1981 Q1 GDP +12%
Last Quarter Reagan 1988 Q4 GDP +7%

Fewer Doctors & Medical students per capita every since Reagan took office & cut education spending. This has caused healthcare cost to spiral out of control every since. That is the exact opposite of increasing Supply in the economy, which is not REAL "Supply Side Economics"!

1000% stupid and illiterate as always. Medical MD education spending from the medicare budget has absolutely nothing to do with supply side economics you perfect idiot!! Perfect idiot!!

 

[cnm]

Nor does what I said lead to your idiotic conclusions.

I have never found supplying what the market doesn't want to be efficient. Responding to demand has always worked.

 

[Iceweasel]

Nor does what I said lead to your idiotic conclusions.

I have never found supplying what the market doesn't want to be efficient. Responding to demand has always worked.

You are an idiot. There was NO demand for air conditioners until they were invented, produced and affordable.

 

[EdwardBaiamonte]

Nor does what I said lead to your idiotic conclusions.

I have never found supplying what the market doesn't want to be efficient. Responding to demand has always worked.

You are an idiot. There was NO demand for air conditioners until they were invented, produced and affordable.

true!! we got from the stone age to here as new inventions were supplied thus Republicans encourage the process while Democrats discourage the process

 

[KissMy]

Nor does what I said lead to your idiotic conclusions.

I have never found supplying what the market doesn't want to be efficient. Responding to demand has always worked.

You are an idiot. There was NO demand for air conditioners until they were invented, produced and affordable.

Funny how home air conditioner production started, became affordable & exploded under demand side socialist democrat FDR administration from 1933 to 1942 when the United States built its first "summer peaking" power plant made to handle the growing electrical load of air conditioning.

Progress is made by creative & inventive progressives. Republicans / conservatives rarely create or invent anything. They are leaches who steal wealth from creative workers & inventors.

 

[EdwardBaiamonte]

from 1933 to 1942 when the United States built its first "summer peaking" power plant made to handle the growing electrical load of air conditioning.

you total idiot FDR was Great Depression!!! Depression is negative growth!!! OMG!!!

 

[KissMy]

from 1933 to 1942 when the United States built its first "summer peaking" power plant made to handle the growing electrical load of air conditioning.

you total idiot FDR was Great Depression!!! Depression is negative growth!!! OMG!!!

Wrong FDR ended the "Great Depression" that started in 1929. GDP grows far more under Democrats than republicans. Republicans Reagan, Bush 1 & 2 each caused 2 negative growth recessions. Democrats Clinton & Obama had no recessions & solid positive GDP growth.

 

[Toddsterpatriot]

from 1933 to 1942 when the United States built its first "summer peaking" power plant made to handle the growing electrical load of air conditioning.

you total idiot FDR was Great Depression!!! Depression is negative growth!!! OMG!!!

Wrong FDR ended the "Great Depression" that started in 1929. GDP grows far more under Democrats than republicans. Republicans Reagan, Bush 1 & 2 each caused 2 negative growth recessions. Democrats Clinton & Obama had no recessions & solid positive GDP growth.

Republicans Reagan, Bush 1 & 2 each caused 2 negative growth recessions.

Reagan caused 2 recessions? You're a stupid liar!

Bush I caused 2 recessions? You're a stupid liar!

Bush 2 caused 2 recessions? You're a stupid liar!

How'd you get to be so stupid? You must be a liberal.

 

[EdwardBaiamonte]

Wrong FDR ended the "Great Depression" that started in 1929. h.

if you call a world war that killed 60 million, ended, then I guess you're right.

 

[EdwardBaiamonte]

GDP grows far more under Democrats than republicans.

100% stupid without saying if you mean Democrats in WH congress, states, or electorate press. Idiot liberal has no idea that president does not control economy!!