Obama The Supply Sider. Obama, No Socialist.

Discussion in 'Economy' started by Dante, Jan 20, 2010.

  1. Dante
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    Dante On leave Supporting Member

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    David Stockman, the Supply Side OMB Guru under Reagan, has commented on Obama's turn to Suppl y Side Economics for a solutuon to the paraistic banks and the current fiscal problems.

    WANT LESS? TAX MORE:
     
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    Link?
     
  3. Dante
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    Pardon...I am texting mobile.
    Dante On The Move!!! -gawd, I love myself.
    Taxing Wall Street Down to Size
    Published: January 20, 2010

    WHILE supply-side catechism insists that lower taxes are a growth tonic, the theory also argues that if you want less of something, tax it more.

    The economy desperately needs less of our bloated, unproductive and increasingly parasitic banking system. In this respect, the White House appears to have gone over to the supply side with its proposed tax on big banks, as it scores populist points against the banksters, too.

    Not surprisingly, the bankers are already whining, even though the tax would amount to a financial pinprick - a levy of only 0.15 percent on the debts (other than deposits) of the big financial conglomerates.

    Their objections are evidence that the administration is on the right track.[/quote]
     
    Last edited: Jan 20, 2010
  4. Dante
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    Dante On leave Supporting Member

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    New York Times. sorry, I'm on a moble devise. Links are different.

    One thing the ConNitwiit Illterati here at USMB and elsewhere fall prey to, I'd stuck on stupid.

    The mantra of ''no taxes'' gets repeated so often, what gets lost in the nauseating chatter of the mob, is the fact that supply side economics can be used as more than a mere slogan against taxes.

    Supply side economics is an economic theory that claims there is a .... how and when and why to use taxes to achieve a desired result.

     
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    NYT: Is Stockman right about the next financial bubble? What about the redistribution of wealth...in reverse of socialist policies? How does this square with Right Wing Hooeyism that Obama is supposed to be a socialist?

     
    Last edited: Jan 20, 2010

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