Progressive Economics = Poverty

[editec]

In case you haven't noticed, there is a 100% economic fail rate in Progressive, re-distributive economics. It has failed everywhere its been tried, it has failed every single time its been tried. It's such an abject failure that even real Communists in China and Vietnam have recognized it as such and have openly embraced Free Markets as a path to prosperity.

I came across the following chart that clearly shows how Progressive (Socialist, Marxist) economics fails even in America. Since the "War on Poverty" (the exit strategy seems to be: we won't stop fighting until every American is in poverty). You can clearly see how destructive Progressive economics is. The only respite was during the Reagan boom and then, we had the misfortune to elect a "Compassionate Conservative" who blew the best chance to turn us away from the destructive path Progressive have put us on.

Running 'Cause I Can't Fly: Porter Stansberry, "The Corruption of America"

Thoughts? Comments?

Educate yourself, Cru.

I sense you are a good American, probably a great guy to have a beer with, and a good man to have in your corner, but you are also obviuously a damned fool.

 

[expat_panama]

...I don't understand how you can post an erroneous chart using a flawed methodology...

Aw heck that's easy, just get some goofy link and voila!

What I don't understand is how someone can do it without laughing...

 

[uscitizen]

Globalization and world competition guarantees a dropping of the average US citizens lifestyle. That is inevitable. Only question is how far it drops, while others around the world come up. Will it all blow up before we get to world equalization in lifestyles? Most likey a few times.

For two hundred years globalization and world competition have come with enormous improvements in the average US citizen's lifestyle. You're saying that something that's never happened before will happen now. What are you seeing that's so completely different this time?

China can now make products just as good as we can.
India pretty much runs global IT.
Many other changes over 200 years.

 

[Truthmatters]

There are those who cant tell a lie from fact

 

[CrusaderFrank]

What the fuck has that got to do with your OP? Or my last post for that matter?

You don't understand how unsustainable debt and lower standard of living follow Progressive economics?

Ummm, ok. Maybe you should talk to Truthmatters

No, I don't understand how you can post an erroneous chart using a flawed methodology of measuring purchasing power, parrot a leftist talking point then veer off on a tangent about debt.

Focus, Frank.

The American people are far less better off than we were before Progressive economics doubled down with the Great Society and then doubled again with the Budget Impoundment Act of 1974 and we are on a collision course with a real disaster. It's only a question of how badly it ends. Our deficits are unsustainable, our debt is in the stratosphere, our social programs are de facto bankrupts. None of that is good.

Hiding under the blanket doesn't make it all better. The Chinese use of steel and oil is about as irrelevant to how Progressive policies has damaged the US standard of living as almost anything I can think of except maybe the rising sea levels from AGW.

You don't like

 

[CrusaderFrank]

In case you haven't noticed, there is a 100% economic fail rate in Progressive, re-distributive economics. It has failed everywhere its been tried, it has failed every single time its been tried. It's such an abject failure that even real Communists in China and Vietnam have recognized it as such and have openly embraced Free Markets as a path to prosperity.

I came across the following chart that clearly shows how Progressive (Socialist, Marxist) economics fails even in America. Since the "War on Poverty" (the exit strategy seems to be: we won't stop fighting until every American is in poverty). You can clearly see how destructive Progressive economics is. The only respite was during the Reagan boom and then, we had the misfortune to elect a "Compassionate Conservative" who blew the best chance to turn us away from the destructive path Progressive have put us on.

Running 'Cause I Can't Fly: Porter Stansberry, "The Corruption of America"

Thoughts? Comments?

Educate yourself, Cru.

I sense you are a good American, probably a great guy to have a beer with, and a good man to have in your corner, but you are also obviuously a damned fool.

Can you recommend a book or a YouTube video that might set me straight?

 

[JakeStarkey]

You don't understand how unsustainable debt and lower standard of living follow Progressive economics?

Ummm, ok. Maybe you should talk to Truthmatters

No, I don't understand how you can post an erroneous chart using a flawed methodology of measuring purchasing power, parrot a leftist talking point then veer off on a tangent about debt.

Focus, Frank.

SNIP

The far right wacks, not the center or left, cracked this economy, Frank. It was your people, and you will not get another chance.

 

[CrusaderFrank]

No, I don't understand how you can post an erroneous chart using a flawed methodology of measuring purchasing power, parrot a leftist talking point then veer off on a tangent about debt.

Focus, Frank.

SNIP

The far right wacks, not the center or left, cracked this economy, Frank. It was your people, and you will not get another chance.

Sure Jake, sure.

 

[Toro]

You don't understand how unsustainable debt and lower standard of living follow Progressive economics?

Ummm, ok. Maybe you should talk to Truthmatters

No, I don't understand how you can post an erroneous chart using a flawed methodology of measuring purchasing power, parrot a leftist talking point then veer off on a tangent about debt.

Focus, Frank.

The American people are far less better off than we were before Progressive economics doubled down with the Great Society and then doubled again with the Budget Impoundment Act of 1974 and we are on a collision course with a real disaster. It's only a question of how badly it ends. Our deficits are unsustainable, our debt is in the stratosphere, our social programs are de facto bankrupts. None of that is good.

Hiding under the blanket doesn't make it all better. The Chinese use of steel and oil is about as irrelevant to how Progressive policies has damaged the US standard of living as almost anything I can think of except maybe the rising sea levels from AGW.

You don't like

If you're going to make your point then, at least post something that isn't written by someone who is clearly clueless.

 

[CrusaderFrank]

No, I don't understand how you can post an erroneous chart using a flawed methodology of measuring purchasing power, parrot a leftist talking point then veer off on a tangent about debt.

Focus, Frank.

The American people are far less better off than we were before Progressive economics doubled down with the Great Society and then doubled again with the Budget Impoundment Act of 1974 and we are on a collision course with a real disaster. It's only a question of how badly it ends. Our deficits are unsustainable, our debt is in the stratosphere, our social programs are de facto bankrupts. None of that is good.

Hiding under the blanket doesn't make it all better. The Chinese use of steel and oil is about as irrelevant to how Progressive policies has damaged the US standard of living as almost anything I can think of except maybe the rising sea levels from AGW.

You don't like

If you're going to make your point then, at least post something that isn't written by someone who is clearly clueless.

If the guy who called the collapse of GM, Fannie and Freddie and profited greatly from them is "Clueless", Id love to see your definition of what a clue is.

FD: I started subscribing to Stansberry in December 2011.

 

[JakeStarkey]

I am not talking about your magazine. I am not talking about the misintepretation of fact, events,and results embedded in GOP policies of the 90s and the first part of the decade. No one is excusing the dems. We had the government for 12 years, and we allowed the corporatist and war wings of the GOP to wreck the econom, Frank.

 

[Toro]

The American people are far less better off than we were before Progressive economics doubled down with the Great Society and then doubled again with the Budget Impoundment Act of 1974 and we are on a collision course with a real disaster. It's only a question of how badly it ends. Our deficits are unsustainable, our debt is in the stratosphere, our social programs are de facto bankrupts. None of that is good.

Hiding under the blanket doesn't make it all better. The Chinese use of steel and oil is about as irrelevant to how Progressive policies has damaged the US standard of living as almost anything I can think of except maybe the rising sea levels from AGW.

You don't like

If you're going to make your point then, at least post something that isn't written by someone who is clearly clueless.

If the guy who called the collapse of GM, Fannie and Freddie and profited greatly from them is "Clueless", Id love to see your definition of what a clue is.

FD: I started subscribing to Stansberry in December 2011.

Frank, I hope he makes you a ton of money. He may be a brilliant financial analyst/market timer/trader. But the OP is awful. There are many good ways to make your point but that isn't one of them.

 

[Oddball]

There are those who cant tell a lie from fact

Some jokes actually write themselves.

 

[expat_panama]

...For two hundred years globalization and world competition have come with enormous improvements in the average US citizen's lifestyle. You're saying that something that's never happened before will happen now. What are you seeing that's so completely different this time?

China can now make products just as good as we can. India pretty much runs global IT. Many other changes over 200 years.

Sounds like you're saying that others being better off somehow makes us worse off. We both know that's crazy. We both also know that Americans are richer, healthier, and better educated now than we were 200 years ago.

 

[JakeStarkey]

...For two hundred years globalization and world competition have come with enormous improvements in the average US citizen's lifestyle. You're saying that something that's never happened before will happen now. What are you seeing that's so completely different this time?

China can now make products just as good as we can. India pretty much runs global IT. Many other changes over 200 years.

Sounds like you're saying that others being better off somehow makes us worse off. We both know that's crazy. We both also know that Americans are richer, healthier, and better educated now than we were 200 years ago.

Yes, but we are alos far less healthier than our western European counterparts, who pay about a half of what we do for health care and live longer more healthily.

We go into a future the which we cannot influence as we did from 1945 to 9-1-2001.

The world has changed, and we are changing with it.

 

[Toro]

...For two hundred years globalization and world competition have come with enormous improvements in the average US citizen's lifestyle. You're saying that something that's never happened before will happen now. What are you seeing that's so completely different this time?

China can now make products just as good as we can. India pretty much runs global IT. Many other changes over 200 years.

Sounds like you're saying that others being better off somehow makes us worse off. We both know that's crazy. We both also know that Americans are richer, healthier, and better educated now than we were 200 years ago.

And compared to 30 years ago too...

 

[expat_panama]

...Americans are richer, healthier, and better educated now than we were 200 years ago.

And compared to 30 years ago too...

One thing at a time. USCITIZEN brought up world competition which has been around for hundreds of years. We can talk about 1982 only when someone here besides me is willing to say that America is stronger and richer now than it was in 1812.

 

[Toro]

...Americans are richer, healthier, and better educated now than we were 200 years ago.

And compared to 30 years ago too...

One thing at a time. USCITIZEN brought up world competition which has been around for hundreds of years. We can talk about 1982 only when someone here besides me is willing to say that America is stronger and richer now than it was in 1812.

America is stronger and richer than it was in 1812.

A shocking realization, I know ...

 

[logical4u]

Yes the "poor" in this country are living above the "global" middle class. $18,000 + versus $2000+, and the "leaders" (intellectual elites that want power) are telling us that we need to be more fair. I guess that means the poor in this country needs to be "poorer", so that we can get with the global community.

 

[Oddball]

And compared to 30 years ago too...

One thing at a time. USCITIZEN brought up world competition which has been around for hundreds of years. We can talk about 1982 only when someone here besides me is willing to say that America is stronger and richer now than it was in 1812.

America is stronger and richer than it was in 1812.

A shocking realization, I know ...

Which is more than likely despite authoritarian central planner economics, rather than because of it.