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Yes it is. The spending for the project ends. And depending on what it is you are left with a white elephant and nothing more.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
Public works projects and infrastructure spending is NOT short term. Tax cuts are short term.
Of course there's a mixture but if you're not leaning EXTREMELY far toward supplyside theories and away from Keynes, you don't know much economic history.
We've been running supply side economics since the Reagan years (with the lowest tax rates since then to show for it...)
Why is income inequality still rising faster then ever?
Yes it is. The spending for the project ends. And depending on what it is you are left with a white elephant and nothing more.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
Public works projects and infrastructure spending is NOT short term. Tax cuts are short term.
How many airports to nowhere do we need? What economic value do they provide?
Libs are incapable of thinking beyond Stage One.
Yes it is. The spending for the project ends. And depending on what it is you are left with a white elephant and nothing more.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
Public works projects and infrastructure spending is NOT short term. Tax cuts are short term.
How many airports to nowhere do we need? What economic value do they provide?
Libs are incapable of thinking beyond Stage One.
Holy fuck. Is there anyone who is more stupid then you? Infrastructure is the foundation of COMMERCE. It is what separates first world nations from third world jungles.
Hey MORON...if it takes a week to deliver goods and produce to your local market, vs one day, which goods and produce will have a HIGHER cost to the end user?
So tell me pea brain...what economic value does commerce have?
Yes it is. The spending for the project ends. And depending on what it is you are left with a white elephant and nothing more.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
Public works projects and infrastructure spending is NOT short term. Tax cuts are short term.
How many airports to nowhere do we need? What economic value do they provide?
Libs are incapable of thinking beyond Stage One.
Holy fuck. Is there anyone who is more stupid then you? Infrastructure is the foundation of COMMERCE. It is what separates first world nations from third world jungles.
Hey MORON...if it takes a week to deliver goods and produce to your local market, vs one day, which goods and produce will have a HIGHER cost to the end user?
So tell me pea brain...what economic value does commerce have?
Yes it is. The spending for the project ends. And depending on what it is you are left with a white elephant and nothing more.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
Public works projects and infrastructure spending is NOT short term. Tax cuts are short term.
How many airports to nowhere do we need? What economic value do they provide?
Libs are incapable of thinking beyond Stage One.
It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
No it didnt work for either FDR or Eisenhower.It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
Even Krugman agreed with the prediction. He said it was too weak, but that the CEA estimates were close to his own.
http://krugman.blogs.nytimes.com/20...stein-on-stimulus/?_php=true&_type=blogs&_r=0
So both the White House and the left's favorite Economist thought that the unemployment rate would spike and then recover without any stimulus, the only difference was the time it would take the get there. Neither thought the stimulus would actually make things worse, and neither said that without the stimulus the US would fall into a depression.
Thanks.
And might I point out that neither predicted 2008, as far as I remember.
Setting the Record Straight Six Years of Unheeded Warnings for GSE Reform
For years, George W. Bush predicted financial difficulties with mortgages if Congress didn't reform Fannie Mae and Freddie Mac.
THIS George Bush???
So Much for Bush's 'Ownership Society'
By Zachary Karabell
Filed: 10/10/08 at 8:00 PM | Updated: 3/13/10 at 5:03 PM
Remember the ownership society? President George W. Bush championed the concept when he was running for re-election in 2004, envisioning a world in which every American family owned a house and a stock portfolio, and government stayed out of the way of the American Dream.
These families were, of course, conservative, or at a minimum traditional and nuclear, consisting of a heterosexual married couple and at least two kids living in a stand-alone home with a yard, a car or two and a multimedia room with a flat-screen television. The latter was a new addition to this 21st-century simulacrum of the 1950s "Leave It to Beaver" idyll. But the dream was the same.
Such a country would be more stable, Bush argued, and more prosperous. "America is a stronger country every single time a family moves into a home of their own," he said in October 2004. To achieve his vision, Bush pushed new policies encouraging homeownership, like the "zero-down-payment initiative," which was much as it sounds—a government-sponsored program that allowed people to get mortgages without a down payment. More exotic mortgages followed, including ones with no monthly payments for the first two years. Other mortgages required no documentation other than the say-so of the borrower. Absurd though these all were, they paled in comparison to the financial innovations that grew out of the mortgages—derivatives built on other derivatives, packaged and repackaged until no one could identify what they contained and how much they were, in fact, worth.
As we know by now, these instruments have brought the global financial system, improbably, to the brink of collapse. And as financial strains drive husbands and wives apart, Bush's ownership ideology may end up having the same effect on the stable nuclear families conservatives so badly wanted to foster.
Newsweek
What a fucking dipshit you are.Yes it is. The spending for the project ends. And depending on what it is you are left with a white elephant and nothing more.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
Public works projects and infrastructure spending is NOT short term. Tax cuts are short term.
How many airports to nowhere do we need? What economic value do they provide?
Libs are incapable of thinking beyond Stage One.
Holy fuck. Is there anyone who is more stupid then you? Infrastructure is the foundation of COMMERCE. It is what separates first world nations from third world jungles.
Hey MORON...if it takes a week to deliver goods and produce to your local market, vs one day, which goods and produce will have a HIGHER cost to the end user?
So tell me pea brain...what economic value does commerce have?
It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
People dont understand that.It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
For about the millionth time...there is no such thing as "trickle down" economics. That was a term coined by liberals to attack supply side economists.
Capitalism has always been a trickle up affair...not the opposite. Profits are what are left after a business owner has paid expenses not what they claim for themselves at the onset. Workers get paid by law whether a profit is made or not. Workers get paid first...not last.
Well, Bush Sr. called it VooDoo Economics.It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
For about the millionth time...there is no such thing as "trickle down" economics. That was a term coined by liberals to attack supply side economists.
Capitalism has always been a trickle up affair...not the opposite. Profits are what are left after a business owner has paid expenses not what they claim for themselves at the onset. Workers get paid by law whether a profit is made or not. Workers get paid first...not last.
When he was running agains reagan for the nomination. What was your point again?Well, Bush Sr. called it VooDoo Economics.It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
For about the millionth time...there is no such thing as "trickle down" economics. That was a term coined by liberals to attack supply side economists.
Capitalism has always been a trickle up affair...not the opposite. Profits are what are left after a business owner has paid expenses not what they claim for themselves at the onset. Workers get paid by law whether a profit is made or not. Workers get paid first...not last.
Yes, he did so that he could run as Reagan's VP. He and Reagan also became pro-life to win that election.When he was running agains reagan for the nomination. What was your point again?Well, Bush Sr. called it VooDoo Economics.It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
For about the millionth time...there is no such thing as "trickle down" economics. That was a term coined by liberals to attack supply side economists.
Capitalism has always been a trickle up affair...not the opposite. Profits are what are left after a business owner has paid expenses not what they claim for themselves at the onset. Workers get paid by law whether a profit is made or not. Workers get paid first...not last.
He attacked reagan's views so he could run as Reagan's VP? You're less coherent than usualYes, he did so that he could run as Reagan's VP. He and Reagan also became pro-life to win that election.When he was running agains reagan for the nomination. What was your point again?Well, Bush Sr. called it VooDoo Economics.It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
For about the millionth time...there is no such thing as "trickle down" economics. That was a term coined by liberals to attack supply side economists.
Capitalism has always been a trickle up affair...not the opposite. Profits are what are left after a business owner has paid expenses not what they claim for themselves at the onset. Workers get paid by law whether a profit is made or not. Workers get paid first...not last.
Guess I wasn't clear. Bush Sr. changed his mind about VooDoo Economics in order to be accepted as Reagan's VP. He and Reagan both became pro-life to be accepted by the Far Right.He attacked reagan's views so he could run as Reagan's VP? You're less coherent than usualYes, he did so that he could run as Reagan's VP. He and Reagan also became pro-life to win that election.When he was running agains reagan for the nomination. What was your point again?Well, Bush Sr. called it VooDoo Economics.It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
For about the millionth time...there is no such thing as "trickle down" economics. That was a term coined by liberals to attack supply side economists.
Capitalism has always been a trickle up affair...not the opposite. Profits are what are left after a business owner has paid expenses not what they claim for themselves at the onset. Workers get paid by law whether a profit is made or not. Workers get paid first...not last.
Nyvin, you're one of those people on the left whose posts I like to read but unfortunately you've made a big error with this post.
We have not been running supply side economics since Reagan because a key part of supply side is small government and as close to a balanced budget as possible.
Clinton actually got there at one point after the huge peace dividend handed to him by Reagan and after Reagan had worked so hard to bring down double digit inflation, double digit unemployment, and double digit interest rates which cleaned out the economy's cobwebs.
Reagan did all that heavy lifting that allowed Bill Clinton with the help of the Gingrich-led Congress to clean the budget up (I also give credit to Clinton, but most goes to Reagan for handing the cleaned up economy to him and some to Gingrich for pushing Clinton.) Unfortunately, we still had big spending liberals in Congress trying to push Clinton away from supply side.
But then after Clinton handed Bush a recession to cleanup.... and Al Qaeda attacked and damaged our economy......and declared war we then had to defend against.... and Bush added to spending with Medicare....there has not been true supply side since Reagan.
Well, Bush Sr. called it VooDoo Economics.It worked for FDR and Eisenhower. Since trickle down, things are worse.Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.
For about the millionth time...there is no such thing as "trickle down" economics. That was a term coined by liberals to attack supply side economists.
Capitalism has always been a trickle up affair...not the opposite. Profits are what are left after a business owner has paid expenses not what they claim for themselves at the onset. Workers get paid by law whether a profit is made or not. Workers get paid first...not last.
