EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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Ever heard of east west Germany? Capitalism works far better than liberal socialism which slowly starved 120 million human souls to death. Bernie Sanders is an open socialist. He now runs the Democratic PartyIt only works when it should be called gusher economics: a sudden and large increase in profits will make the owners feel generous, and also willing to avoid any disruption in the flow caused by employee dissatisfaction.Oh my God. Republican new inventions? Like what?We achieve growth from the Stone Age to here thanks to the supply of Republican new inventions. Supply side economics works with the help of tax cuts regulation cuts deficit cuts welfare cuts and most importantly with the help of a Republican entrepreneurial culture that makes businessmen inventors heros rather than the evil rich 1% .GOP tax cuts have been tried during Reagan's terms, during Bush's, and in individual states and they never, ever work. A very slight bump is not "proof". The only way to achieve growth is through growth. That's it. Building things, making things, education, infrastructure and improvements. Those things work. We have a history. We KNOW. We aren't guessing.Are these graphs too complex for you?
Is this one?
So you can crow about Bush's "economy", but the truth is that his economy was built on a foundation of credit and debt, not true growth. All those economic gains from his mortgage bubble were wiped out by the time he left office, and the household debt-to-GDP ratio nearly grew by 40% in just 8 years:
As were the jobs. Bush lost net 460,000 private sector jobs after 8 years. The only President since Herbert Hoover to leave office with fewer jobs than when he started.
But please, ignore all that to pretend that tax cuts work.
The failure of supply-side economics
Trickle-down’s middle-class massacre: Failure of conservative economics should discredit these bankrupt ideas forever
Supply-side’s abject failure
Why the GOP Won't Admit Supply-Side Econ Has Failed
Only the delusional believe in nonsense.