Austerity and tax cuts create jobs????

[Truthmatters]

HAHAHAHAHAHAHAHAHAHAHA*HA


Like the right would not lower taxes if they could.

So you admit your scenario doesn't exist. Just so much crap you thought should be posted.

Republican Jobs Plan: Bigger Tax Cuts For The Rich

 

[Truthmatters]

Such as when?

Yes when.

You guys are the ones claiming it will work.

Show us the time in history when it worked?

You guys? are you being racist? I didn't say anything about it working. YOU said it is a historically failed idea so just point to that moment in history. No biggie.

when was any government stupid enough to cut revenues and services as a method of ending a recession? I will go look but I dont think anyone was ever that stupid.

Ill go check

 

[saveliberty]

HAHAHAHAHAHAHAHAHAHAHA*HA


Like the right would not lower taxes if they could.

So you admit your scenario doesn't exist. Just so much crap you thought should be posted.

Republican Jobs Plan: Bigger Tax Cuts For The Rich

Pulling Huffo articles from 2010 I see...

 

[Truthmatters]

Herbert Hoover - Wikipedia, the free encyclopedia


Hoover did it.

It was his early response to the economic downturn which was then hit with the 1929 crash

 

[peach174]

We went from a startup country in 1776 to the most prosperous nation without an income tax. Thanks to the creation of the fed and taxes, we have class warfare, debt, govt created bubbles to offset the previous bubble and so on....

So your suggestion is we go back to being an agrarian society?

We were not just a agrarian society.
We had farming true, but we had all kinds of other things.
Like silversmiths, furniture makers,newspapers, bookmakers,shipbuilders.
Ben Franklin and the wood stove.
We were not just a bunch of farmers.

 

[peach174]

Herbert Hoover - Wikipedia, the free encyclopedia


Hoover did it.

It was his early response to the economic downturn which was then hit with the 1929 crash

Yes and Hoover and Roosevelt kept us prolonged in the depression by having government as the answer and not the private sector like Coolidge did.
What got us out of the depression was WWII not their big government programs.
Which is what Obama is doing. Government is not the answer right now. The private sector is.

 

[NYcarbineer]

Herbert Hoover - Wikipedia, the free encyclopedia


Hoover did it.

It was his early response to the economic downturn which was then hit with the 1929 crash

Yes and Hoover and Roosevelt kept us prolonged in the depression by having government as the answer and not the private sector like Coolidge did.
What got us out of the depression was WWII not their big government programs.
Which is what Obama is doing. Government is not the answer right now. The private sector is.

Do you not realize that WWII was the biggest government program ever?

Use your head.

 

[CrusaderFrank]

Please go get your example in history where this has born out as true?

Depression of 1920

 

[NYcarbineer]

Cutting services for the most vulnerable and cutting taxes for the wealthy is NO WAY to end a economic downturn.

It is a historically failed idea.

Such as when?

Such as right now. State and local governments are cutting jobs by the tens of thousands, and taxes are being cut in many cases at all levels.

Is it working?

 

[NYcarbineer]

We went from a startup country in 1776 to the most prosperous nation without an income tax. Thanks to the creation of the fed and taxes, we have class warfare, debt, govt created bubbles to offset the previous bubble and so on....

So your suggestion is we go back to being an agrarian society?

We were not just a agrarian society.
We had farming true, but we had all kinds of other things.
Like silversmiths, furniture makers,newspapers, bookmakers,shipbuilders.
Ben Franklin and the wood stove.
We were not just a bunch of farmers.

1790 - 90% of labor force in farming.

A History of American Agriculture: Farmers & the Land

 

[Leweman]

Herbert Hoover - Wikipedia, the free encyclopedia


Hoover did it.

It was his early response to the economic downturn which was then hit with the 1929 crash

He never cut spending and only cut taxes for the poorest Americans.

"Though Hoover at first did lower taxes for the poorest of Americans, Larry Schweikart and Michael Allen in their sweeping A Patriot’s History of the United States: From Columbus’s Great Discovery to the War on Terror stress that he “offered no incentives to the wealthy to invest in new plants to stimulate hiring.” He even taxed bank checks, “which accelerated the decline in the availability of money by penalizing people for writing checks.”[

Great Myths of the Great Depression | Foundation for Economic Education

 

[Truthmatters]

Please go get your example in history where this has born out as true?

Depression of 1920

from your own link

Conference on unemployment





Representatives attending the 1921 Conference on Unemployment held in Washington, D.C.
President Warren Harding convened a President's Conference on Unemployment at the instigation of then Commerce Secretary Herbert Hoover as a result of rising unemployment during the recession. About 300 eminent members of industry, banking and labor were called together in September 1921 to discuss the problem of unemployment. Hoover organized the economic conference and a committee on unemployment. The committee established a branch in every state having substantial unemployment, along with sub-branches in local communities and mayors' emergency committees in 31 cities. The committee contributed relief to the unemployed, and also organized collaboration between the local and federal governments.

The Unemployment Conference stands as a watershed in federal policy with respect to depressions and unemployment relief. In sharp contrast to the total inaction and benign neglect that had characterized the response of previous administrations, the Conference not only conducted studies aimed at preventing future depressions through better management of the business cycle, but also provided practical assistance to local committees and encouraged a variety of local actions. These included the stimulation of public works and clean-up projects, advice on the organization and techniques of fund raising, and exhorting employers to adopt "work-sharing" plans. The Conference soon became an effective clearinghouse, disseminating ideas that local committees had found effective in providing jobs and temporary relief.

Field representatives were dispatched to assist local committees and to monitor their progress. Thus they not only facilitated the sharing of ideas, but provided vital situation reports by which overall progress could be measured. Reports from hundreds of cities provide interesting insights into conditions, responses and attitudes toward relief. In a few instances, field representatives discovered that very little was being done and that city fathers were not interested in cooperation. In such instances, the realization that their inactivity was being reported usually had the effect of prodding them into action.

 

[NYcarbineer]

and maybe Hussein would have used WMDs by now on Israel if we did not intervene.
And maybe there would be another 9-11 type of attacvk of it were not for Bush's military policies
Maybe not......
We can say "maybe" in an effort to win any debate.....

The difference is, what I referred to actually happened. Deficits increased substantially in the '00's. What is a deficit?

A deficit occurs when you spend money - into the economy - but since you borrow the money - you don't take the cost of the spending back out of the economy.

The result is a net positive infusion of money into the economy, much of which will go directly or indirectly to pay for jobs.

Deficit spending is always stimulative to the economy, unless the spending went somewhere else.

we injected 500 billion into the economy in a matter of months and it did nothig to increase hiring...

SO I think that sort of negates your theory.....although I will admit, the theory is sound as a theory....but the stimulus proved it to be not factual.

That's simply not true. Deficit spending and the jobs it creates is always offset to some extent by whatever job losses are occurring exclusive of what the government is doing.

If your county got a stimulus grant that created 100 jobs building a road, but at the same time a plant employing 200 people closed down for whatever reason, went to China, whatever,

you'd show a loss of 100 jobs in the county (excluding all else for sake of argument) when the county was getting stimulus money,

that certainly wouldn't mean the stimulus failed.

 

[editec]

We went from a startup country in 1776 to the most prosperous nation without an income tax. Thanks to the creation of the fed and taxes, we have class warfare, debt, govt created bubbles to offset the previous bubble and so on....

The USA also supported (with taxes) our government in two ways:

1. by imposing highly PROTECTIVE TARRIFS on incoming manufactured goods; and

2. TAxing alcohol while making it impossible for small farmer distillers to stay in business. (they were supporting the slave, molasses RUM troika instead)

As to class warfare? THAT has always been a part of our (and every other modern) society.

See Shay's WHISKEY rebellion for further details of why I call that an excellent example of this nation's CLASS warfare.

fyi, i I could distill at last a couple hundred gallons of fine WHISKEY or JACK with my harvest this year.

EXCEPT that the way the taxes on distilling are structured (read by DESIGN) it does NOT make economic sense for me to do so.

How much does that personally cost me?

Well, what is the lost opportunity cost on a couple hundred gallons of very fine booze?

 

[peach174]

Cutting services for the most vulnerable and cutting taxes for the wealthy is NO WAY to end a economic downturn.

It is a historically failed idea.

Such as when?

Yes when.

You guys are the ones claiming it will work.

Show us the time in history when it worked?

Calvin Coolidge
He kept spending well below the government revenues.
He reduced taxes (except for the tariff).
Surtax on personal income was reduced and estate taxes ,gift taxes were abolished.
He kept reducing taxes,and the more that taxes were lowered, it provided more surplus.
These are his words;
"Four times we have made a drastic revisions of our internal revenue system, abolishing many taxes and substantially reducing almost all other. Each time the resulting stimulation to business has so increased taxable incomes and profits that a surplus has been produced".
He worked to reduce the role of government in the economy.
And he vetoed all of the subsidies bills.
We grew and thrived as a nation by those policies. A large portion of the poor rose to middle class and some of the middle class rose to the rich.

 

[Truthmatters]

Herbert Hoover - Wikipedia, the free encyclopedia


Hoover did it.

It was his early response to the economic downturn which was then hit with the 1929 crash

He never cut spending and only cut taxes for the poorest Americans.

"Though Hoover at first did lower taxes for the poorest of Americans, Larry Schweikart and Michael Allen in their sweeping A Patriot’s History of the United States: From Columbus’s Great Discovery to the War on Terror stress that he “offered no incentives to the wealthy to invest in new plants to stimulate hiring.” He even taxed bank checks, “which accelerated the decline in the availability of money by penalizing people for writing checks.”[

Great Myths of the Great Depression | Foundation for Economic Education

Leonard Read - Wikipedia, the free encyclopedia


what you gave me is NOT an unbiased site.

I can not trust them to relay direct history as it happened.

Go get a non biased source of your claim

 

[Claudette]

Such as when?

Yes when.

You guys are the ones claiming it will work.

Show us the time in history when it worked?

Calvin Coolidge
He kept spending well below the government revenues.
He reduced taxes (except for the tariff).
Surtax on personal income was reduced and estate taxes ,gift taxes were abolished.
He kept reducing taxes,and the more that taxes were lowered, it provided more surplus.
These are his words;
"Four times we have made a drastic revisions of our internal revenue system, abolishing many taxes and substantially reducing almost all other. Each time the resulting stimulation to business has so increased taxable incomes and profits that a surplus has been produced".
He worked to reduce the role of government in the economy.
And he vetoed all of the subsidies bills.
We grew and thrived as a nation by those policies. A large portion of the poor rose to middle class and some of the middle class rose to the rich.

Save your breath Peach.

TDM and the lefties don't want to hear that.

They also don't want to hear that Bush's orginal tax cuts produced Trillions in revenue.

It doesn't fit in with their liberal thought process. Tax cuts bad. Tax increased on the "evil" rich only, good. LOL Gotta love the idiots.

 

[Avatar4321]

Please go get your example in history where this has born out as true?

The Roaring Twenties. All done without government assistance.

 

[Claudette]

Herbert Hoover - Wikipedia, the free encyclopedia


Hoover did it.

It was his early response to the economic downturn which was then hit with the 1929 crash

Yes and Hoover and Roosevelt kept us prolonged in the depression by having government as the answer and not the private sector like Coolidge did.
What got us out of the depression was WWII not their big government programs.
Which is what Obama is doing. Government is not the answer right now. The private sector is.

Do you not realize that WWII was the biggest government program ever?

Use your head.

Who produced the goods to fight the war??

Use your head.

 

[Avatar4321]

We went from a startup country in 1776 to the most prosperous nation without an income tax. Thanks to the creation of the fed and taxes, we have class warfare, debt, govt created bubbles to offset the previous bubble and so on....

So your suggestion is we go back to being an agrarian society?

What's wrong with the agrarian lifestyle?

It involves work.