Obama Economic Plan to be Revealed at 2012 DNC

Discussion in 'Economy' started by usmcstinger, Sep 5, 2012.

  1. usmcstinger
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    usmcstinger Silver Member

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    The Economic Plan is the continuation of the Keynesian Economic Theory. If you do not believe it, you need to research it.

    In the four decades since, have there been any instances in which a Keynesian fiscal stimulus has actually worked? *In Canada or Sweden? *In Belgium or France? *For that matter, in Andorra, San Marino, Liechtenstein or Monte Carlo?
    Has Keynesianism Ever Worked Anywhere? - Ricochet.com

    After observing the economic failures occurring in Spain, Ireland, England, Italy, Greece, and even here in the U.S. with the failure to increase growth, despite an extra $800B being pumped into the economy, one pertinent question is apparent – where in the world has Keynesian economics ever worked to grow and sustain an economy for the long term, with so much evidence that proves exactly the opposite?
    Where in the world is Keynesian economics working? – Ted Biondo - Rockford, IL - Rockford Register Star

    1995 Nobel Prize for Economics was awarded to Robert Lucas.
    No one since Milton Friedman has had so great an influence on the development of macroeconomics as Robert Lucas," said Gary Becker, University Professor in Economics and Sociology and winner of the Nobel Memorial Prize in Economic Sciences in 1992. "This Nobel is very much deserved. His work was initially met with hostility, but it came to be accepted as the view of the future."


    "The effect of his work is to really change the way economists think about macroeconomics," Rosen said. "It kind of destroyed the Keynesian model. This really took a lot of the thunder out of the Keynesian way of thinking."

    Robert Lucas wins Nobel Prize in Economics

    Why would you institute failed policies and expect different out comes?
     
    Last edited: Sep 5, 2012
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Change: this time for the better
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Jon Corzine, who stole $1.2B from his customers at MF Global was the financial architect of the Failed Stimulus. I think Obama is going to ask Bernie Madoff for his plan for the economy

    [ame=http://www.youtube.com/watch?v=buRO9TSlScQ]Joe Biden calls Jon Corzine for Advice Again - YouTube[/ame]

    [​IMG]

    "You need $1 billion for your campaign? Guess how much I just stole from my customers at MF Global?"
     
  4. Freemason9
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    Freemason9 Gold Member

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    I don't know, how would you describe Reagan's time in office? Because he relied entirely upon debt spending (Keynesian money supply) to stimulate the flagging American economy from 1980-1988. Remember? He like quadrupled the debt.
     
  5. expat_panama
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    expat_panama Silver Member

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    Opinions can be fun but reality is what it is. Reagan's tax cuts increased revenue by $400B annually but Tip O'neil's spending soared by $500B per year:
    [​IMG]
    We all know that Reagan could have 'relied' on anything he wanted, but congress controlled taxes and spending. Reagan actually submitted a balanced budget once but Tip O'neil laughed at and called "dead on arrival".
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    What a complete fucking lying asshole you are
     
  7. usmcstinger
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    usmcstinger Silver Member

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    Ronald Reagan's Debt Policy Reaganomics (*/reɪɡəˈnɒmɪks/; a portmanteau of Reagan and economics attributed to Paul Harvey[1]) refers to the economic policies promoted by the U.S. President Ronald Reagan during the 1980s. These policies are commonly associated with supply-side economics, or pejoratively as trickle-down economics or voodoo economics.
    The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce income tax and capital gains tax, reduce government regulation of economy, and control money supply to reduce inflation.[2]
    Reaganomics - Wikipedia, the free encyclopedia



    Reagan's Economic Proposals
    Throughout the 1980 presidential campaign, Republican candidate Ronald Reagan attacked the incumbent, Jimmy Carter, for the performance of the economy. He railed against the $40 billion deficit the Carter administration was running and promised to balance the budget if elected. Reagan blamed government red tape and overregulation for stifling economic growth and promised deregulation. His views were a loose amalgam of some features of economic libertarianism, supply-side economics, and tax theory pro-pounded by William Laffer. Supply-siders considered the conventional prescription of stimulating the economy by increasing government spending to be potentially wasteful. Instead, they said, taxes should be cut and incentives created to encourage savings and investment. To this view Reagan added an adaptation of Laffer's theory that economic growth resulting from such a tax policy would generate new revenues, which would offset those lost through
    tax reduction.
    http://www.encyclopedia.com/topic/Reaganomics.aspx
    Class dismissed!
    You lack an understanding of both Keynesian and Reaganomics. However, you have proven that you lack a basic understanding of economics.

    You made a stupid statement that you can not defend.
     
  8. Freemason9
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    Freemason9 Gold Member

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    What? What was incorrect? Reagan's years as president were marked by government spending that greatly exceeded revenues, no? If not, please enlighten me. Because it sure looks to me like Reagan depended quite strongly upon "stimulation."
     
  9. Freemason9
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    Freemason9 Gold Member

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    Please tell me what I lied about. Instead of throwing a tantrum, that is.
     
  10. Freemason9
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    Freemason9 Gold Member

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    Congress enacted both "tax cuts" and "spending." You erroneously ascribed the tax cuts to Reagan, but Congress did that. BTW, those tax cuts were reversed and offset by other tax increases later in Reagan's term because they were so sucky.

    Also, it is a popular myth that these tax cuts somehow magically increased federal revenue--that's not the case, though. Tax revenues increased because the cyclical recessionary business cycle ended. That happens every time a recession ends.
     

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