Reality check on economic policies

Discussion in 'Economy' started by taichiliberal, Jul 8, 2011.

  1. taichiliberal
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    taichiliberal BANNED

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    Something for all the voters in 2012 to consider:

    The final nail in the supply side coffin

    Broken recovery: Taxes are low and corporate profits are high, but nothing is trickling down to the American worker


    In the first quarter of 2011, aggregate U.S. GDP -- the total value of all the goods and services produced in the United States -- was higher than the peak reached before the recession began in 2007. During the six quarters since the recession technically ended in the second quarter of 2009, real national income in the U.S. increased by $528 billion. But the vast majority of that income was captured as profit by corporations that failed to pass on their happy fortunes to their workers.


    The final nail in the supply side coffin - How the World Works - Salon.com
     
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    Last edited: Jul 8, 2011
  2. Trajan
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    Trajan conscientia mille testes

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    hold that thought ...


    9.2%,:eusa_think:
     
  3. rdean
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    rdean rddean

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    There are the Democrats economic policies.

    Republicans have one. Cut taxes. We cut taxes early in the Bush Administration. We extended those tax cuts when Obama was blackmailed into going along with it. Nearly half the stimulus package was tax cuts. We are paying the lowest taxes in decades. The 12 largest companies in the US didn't pay any taxes. In fact, Republicans made sure they got billions for nothing, just like the oil subsidies. After all that, it's obvious their ONE economic policy doesn't work. Their answer? "Give it time". 13 years hasn't been enough time.
     
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  4. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    Indeed and well-said.

    Of course the fact that ‘trickle-down/supply-side’ – whatever – is a failure won’t have an impact on rightist dogma.
     
  5. Trajan
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    Trajan conscientia mille testes

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    Am I the only who sees this statement as, uhm, disingenuous.
     
  6. taichiliberal
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    taichiliberal BANNED

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    Why don't you try and THINK for a change? The vaunted private sector won't create jobs in the US because they want to hold onto their tax breaks, the rich want to hold onto their tax cuts...both enjoy the profits of outsourcing, down sizing and deregulation while getting financial support from yours and mines tax dollars to do so. And all the while their bought and paid for representatives in the Party of NO (alias the Republican Party) in the Congress and Senate are willing to tank the country to have their way.

    Hold THAT thought, chuckles...if you're man enough to.
     
  7. taichiliberal
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    taichiliberal BANNED

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    Because the little dummies that vote against their interest will just lie to themselves and gladly accept another round of "stimulus checks" should their GOP gods take control again...and blame their unemployment on Obama and Clinton while swearing Reagan and the Bush family were the golden years! :cuckoo:
     
  8. Toro
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    Toro Diamond Member

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    Well, first, the private sector has been creating jobs.

    But why wouldn't they create jobs to hold onto their tax breaks? That makes no sense.
     
  9. taichiliberal
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    taichiliberal BANNED

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    No, there's a whole lot of people just as willfully ignorant and insipidly stubborn as you Trajan...they call themselves new conservatives, tea party members, oathers, birthers, threepers, etc. You know...morons! :razz:
     
  10. Toro
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    Toro Diamond Member

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    Trajan is one of the best posters here.
     
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