Reading and Comprehension Skills Required.

Discussion in 'Politics' started by WillowTree, Jun 13, 2011.

  1. WillowTree
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    WillowTree Diamond Member

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    How The Demand-Siders Ruined The U.S. Economy





    Now consider that this pathetic recovery was “achieved” by a ridiculous increase of 54% in the U.S. public debt (from $9.3 trillion as the recession began in late-2007, to $14.3 trillion today) and of 211% in the Fed’s monetary base (from $825 billion to $2.5 trillion), which serves as latent rocket fuel for rising inflation rates. These numbers would be horrific enough were they merely the inadvertent fallout of otherwise reasonable and well-meaning public policies; but in truth the results are the inevitable result of two highly-acclaimed, widely applauded but deadly policy approaches: Keynesianism and Monetarism.










    How The Demand-Siders Ruined The U.S. Economy - Richard M. Salsman - The Capitalist - Forbes







    After reading this pay close attention to what they are saying.in dc.. more borrowing, more spending will get us out of this.. utter Bullshit.
     
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  2. jillian
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    jillian Princess Supporting Member

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    that's pretty funny since the supply-siders collapsed the economy.

    but don't let facts get in the way.

    and if reading comprehension is required, why do you have anything to do with the subject?
     
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  3. Robert
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    Robert Really nice Guy

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    Gee and look who stumbles into the conversation.
     
  4. WillowTree
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    WillowTree Diamond Member

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    you sound arrogant and pissy,, just like the little weenie guy! Is that a demonRat trait???
     
  5. jillian
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    jillian Princess Supporting Member

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    and you sound angry and bitter. i already know that's a rightwingnut trait. :)

    have a good day, willow :bye1:
     
    Last edited: Jun 13, 2011
  6. WillowTree
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    WillowTree Diamond Member

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    Thank You JIlly Willy.. you have a good day too. I am sorry about your hero but he did it to himself..
     
  7. editec
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    editec Mr. Forgot-it-All

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    The response to the BANKSTER'S MELTDOWN worked beautifully to SAVE THE BASTARDS.

    That feeble and ridiculously underfunded STIMULUS to help the American economy was DESIGNED to fail.

    Blaming keynesian economic response for failing to save the economy makes about as much sense as faulting SWIMMING for people who cannot SWIM all the way across the pool.
     
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  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Bitter Pillian doesn't grok how Big Government Progressivism has crept along until it reached its inevitable economy strangling form represented by Obamanomics.
     
  9. WillowTree
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    WillowTree Diamond Member

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    she weeps for weenie!
     
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  10. Wry Catcher
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    Wry Catcher Platinum Member

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    From WT's link: "What always drives a robust economy is not “consumers” per se but savers, investors, innovators and producers."

    Let's not attack the messengers, instead let's offer a' real' world scenarior and test the axiom offered by Mr. Salsman.

    A young man who loved pizza, saved his money and learned all he could about pizza makiing. He leaned how to make several forms of cheese from a secret source which tasted better than that used by the more expensive pizza chains, was lower in calories, cost less to produce and didn't mold or spoil and could be kept for months at room temperature.

    He also studied baking and developed a crust which was low in carbs yet as tasty as an artisian bread and easliy formed into thin, thick and pan sizes. He opened is first store in San Francisco, and soon had shops in Chicago and New York. By 2011 his pizza was rated number 1 by by Zigat in San Francisco, Chicago and even New York.

    Then the unexpected happened. A world wide crisis and the Panic of 2012 hit America. Banks refused to extend credit and many businesses could not make payroll. Lay-offs began slowly but by August unemployment was at an alltime high. His customers had money for only the essentials, and as both political parties fought over solutions, customers for his best ever pizza's dried up. Soon only bankers and ball players ordered pizza for delievery only, but only pizza and his profits became losses. For with few consumers to eat his pizza, no matter how tasty & how economical his innovative methods of production, his business failed.

    The owner of the buidlings from whom he rented space in SF. Chitown and the Big Apple defaulted on their loan, for without the rent and do to the tight money no one would risk takikng on more debt.

    Then in November an election changed everything. The newly elected government decided to put people to work. Contracts were issue to build a high speed intercontinental rail road, fix our electirc grid and fund local communities shovel ready projects.

    An Apollo effort created millions of jobs, and most projects were on a 24/7 schedule. Our young innovative pizza maker now had shops all over America and was baking pies for three shifts of workers, consumming his product. He alone by 2014 had newly hired over 1,000 pizza pie makers supported by managers for his 342 (and growing) shops.

    His suppliers too were able to expand as as not only did Best Pizza's orders create the need but the dozens of other businesses created by the wise new government flooded them with orders.

    Soon tax revenue from all the workers and innovative entrepreneurs who enjoyed the profits from a steady supply of customers flooded the government. So much revenue that the treasury bills and notes and other debts incurred by the build up allowed the government to first balance the budget and then to begin to slash long term obligations.

    If WT's sources can offer their fantasy, shouldn't we all be granted the opportunity? My fantasy seems much more realistic than the failed fanstasy which is supply side theory voo doo economics.
     
    Last edited: Jun 13, 2011

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