Elizabeth Warren Fights Back Against the "Magical Accounting" of Trickle-Down Economics

[Toddsterpatriot]

What hate sites lol.

ThinkProgress, Media Matters. KOS.

The really filthy leftist hate sites.

Only you dupes have that...Start with Fox and Rush- BOUGHT OFF LIARS- a LOT of them. BS gossip like that Warren bs.

Professors don't run universities, dingbat, and Pubs LOVE expensive bank loans.

Yes, truth is that which serves the party, all else is lies, Comrade hater dupe.

Just in case anyone were to take you seriously...

BTW, most of the college cost rise lately was scam GOP online U's set up (laws changed by Pubs) to for W pals to scam returning GIs. All feqed. Great job!! Oh right, 60 Minutes is communist too LOL

BTW, most of the college cost rise lately was scam GOP online

I know. Like Kaplan University, buncha scammers.....oh, wait, that's owned by the Washington Post.

Exception that proves the rule...

You mean I proved you're a liar.

 

[Toddsterpatriot]

So all that bragging about deregulation was bs? Never hurt unions? Read something.

Are you going to post your proof that safety regulations were cut?
Maybe if you read something?

 

[Uncensored2008]

Liberals don't have a problem with business owner/managers making more than labour, what they have a problem with is business owners and managers taking a larger and larger chunk of the income, while their workers get less and less while being more productive.

You are not a "liberal." I am a liberal. You are a leftist, a Communist.

Franco hater dupe is an artificial stupidity routine run off of a virus infected porn server.

Let's make this very simple for you.

Mary owns a pizza parlour. At night she and her helper Juan make pizza dough by pouring 50 pound bags of flour into a big vat an mixing in yeast and water with a wooden paddle. Juan is paid $8.25 to stir with the spoon. She makes good pizza and sells all she is able to make, which isn't much because it's hard making the dough.

Mary is smart and grasps that mixing dough by hand is not efficient. So she goes to the bank to get a loan for an industrial mixer. The bank tells her that she must secure the loan, so she puts up her car as collateral (risk.) She buys the mixer and can now make 10 times as much dough. She and Juan do far less physical work at night. Her cash flow from operations increases.

NOW, according to the diseased minds of Communists, Mary is ripping Juan off. Because Juan should get a big raise. Why? Well Juan is doing less work, so that should get him a raise, right?

Juan took zero risk in providing capital improvements, so that should get him a raise, right?

No, to the worm infested mind of the Communist, Juan should get 10 times his wage because Mary was smart enough to improve the process, and well she owes him because, uh, BOOOSHHHH.

If a business owner is now making double what he did 10 years ago, then his workers should be too.

Worm infested brain. Why should the workers make double? What did they do to increase the equity and profitably of the company?

He doesn't get to keep ALL of the increased revenue. Some of it needs to go to the people who made it possible for him.

How did they make it possible?

How did Juan make it possible for Mary to buy a mixer?

The answer, you have a worm infested brain.

Nobody here is a communist, or anything close to it. If the top 10% have all of the wealth, and the bottom 47% are living paycheck to paycheck, they're not going to be buying houses, cars, furniture, or other durable goods as frequently as they did when they had savings, home equity, and other financial resources to fall back on in hard times.

Of course you're not a Communist, you just demand that each provide according to his ability and receive according to his need. Of course the state will need to own all the assets to keep things fair - but you're sure not a Communist..

In the Reagan years, food stamp usage doubled, and conservatives didn't blame Reagan for it. They blamed the "welfare queens", the lazy, inner city welfare recipients, the poor. The spending spree that the US went on when Reagan was in power, was fueled by debt. Deficits were a good thing. Everybody was flashing VISA, AMEX, and Mastercard, and credit cards were lavish in raising limits. It sucked all of the savings and equity that the bottom 25% had accumulated. With wages flatlining, and the buying power of those wages declining year by year, those just starting to climb the economic ladder were stuck where they were.

Assumes facts not in reality.

Provide evidence that "food stamps doubled per capita under Reagan."

After the lower 25% were sucked dry, the Middle Class were next to feel that sucking feeling on their piggy banks. This would have happened before Obama came into power if not for the Clinton Administration. Clinton did get the minimum wage increased, and he increased taxes, and low and behold, unemployment went DOWN, and wages started to rise, but then Bush came into power and we were back to cut and spend, again, and the economy went into the toilet in the exact same way that it did when Reagan was in power.

Unemployment went down under Clinton when NEWT forced a TAX CUT through. Unemployment spiked in 1996 when the Clinton increased MW. However the economy was strong so the rate bounced back fairly quickly.

Conservatives still refuse to accept that unemployment is way down under Obama,

That's because of reality, something you Communist prefer not to deal with. UE percentage is irrelevant if the labor force shrinks by a quarter. The labor participation rate today is the lowest since the great depression.

that the job losses they assured us would happen because of Obamacare, didn't happen. What is down is the number of government workers. Obama has actually shrunk government.

Obama has shrunk government and the sun is made of marshmallows and cheese whiz.

This is why intelligent people generally ignore you. If I want someone to lie to me, I'll converse with the Franco hater dupe bot.

Conservatives, who keep talking about not growing government should be impressed but they're not. Just like they're not impressed the employment rate is down. They're also not impressed that the Dow Jones average has gone from 10,000 when Bush left office, to 16,000 under Obama. Conservatives predicted gas would cost over $10 a gallon under Obama, but it's nearly 33% lower now than it was when Bush left office.

Despite all creditable evidence to the contrary, conservatives continue to believe that:

1. Tax cuts create jobs. What created jobs under Ronald Reagan was his military spending, all of which was financed by deficit spending. When the unemployment rate went up, Reagan hired 1 million government workers. When criticized for this, Reagan said that government workers buy goods and services too, and that this would spur employment. He was right in that, but this move too was funded by deficit spending.

2. Immigrants/the poor/social programs are bleeding the country white. Ignoring the spending of the military, the amount spent on maintaining US military bases around the world, is to be wilfully blind to the extent that US corporate interests abroad are financed by US miliary treaties and servicemen and women protecting those interest, all of which is paid for by the American taxpayer.

3. Illegal immigrants are the problem. The problem is not illegal immigration, its that Americans are more than happy to employ migrants because they work for less money than Americans. The cheap food that Americans enjoy is brought to you by the low wages paid to migrant field workers. Americans don't care as long as they get cheap stuff.

Too many lies in you talking points to bother with.

Let's start with the Pizza Parlour example I gave you.

 

[francoHFW]

Considering we've lost our manufacturing and menial labor lately, I doubt stats mean much.

You are an ignorant simian, a shit flinging feral baboon.

We lost our manufacturing in the 1970's, due mostly to the greed and laziness of the United Auto Workers Union. While Toyota developed TPS and TQM, GM and the UAW developed a 6 figure salary for spot welder level 3. While a new Hyundai comes with a 100,000 mile warranty, a 1976 Chevelle was expected to require a top end rebuild at 40,000 miles.

Low quality and high wages. that's the union way. We didn't "lose" our manufacturing monkey boi, we discarded it.

When Ronald Reagan took office in 1981, he immediately put a task force together to address the lack of quality and workmanship in American goods. Promoting the ISO systems out of Europe in hopes of salvaging domestic manufacturing. Part of the Chrysler bail out (which I opposed) stipulated that they must adopt ISO standards.

Of course you're right, deregulating industry and wrecking unions would help the workers be safe lol.
TRY ANY OTHER damage done by Reaganism's war on the nonrich, dupe.
After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole?

Again Franco hater dupe, cut the lies and show the stats?

Let's see this increase in work related death and injury?

Nah, you're just lying - which is what you do.

Since the dangerous jobs have been outsourced, the stats are meaningless, dupe. Wrecking unions and deregulating safe guards just might make things more unsafe lol...Flipping burgers and pushing paper aren't dangerous.

Obviously to anyone with a working brain, those stats from the gov't bureaucracy prove taxing the nonrich to hell (news to you of course) and pandering to the rich Reaganism has wrecked the nonroch and the country, while thr rich laugh all the way to the bank. Get out of the idiotic GOP propaganda bubble and look around, stupid.

those stats from the gov't bureaucracy prove taxing the nonrich to hell

Still whining about that massive hike in payroll taxes? LOL!

And state and local taxes and fees, and all kinds of other crap. As in link.

 

[Remodeling Maidiac]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

No one cares what Elizabeth Warren thinks or says. If they did she would be running against Hillary. As it is she is one vote in a minority caucus. No one cares

 

[Toddsterpatriot]

Considering we've lost our manufacturing and menial labor lately, I doubt stats mean much.

You are an ignorant simian, a shit flinging feral baboon.

We lost our manufacturing in the 1970's, due mostly to the greed and laziness of the United Auto Workers Union. While Toyota developed TPS and TQM, GM and the UAW developed a 6 figure salary for spot welder level 3. While a new Hyundai comes with a 100,000 mile warranty, a 1976 Chevelle was expected to require a top end rebuild at 40,000 miles.

Low quality and high wages. that's the union way. We didn't "lose" our manufacturing monkey boi, we discarded it.

When Ronald Reagan took office in 1981, he immediately put a task force together to address the lack of quality and workmanship in American goods. Promoting the ISO systems out of Europe in hopes of salvaging domestic manufacturing. Part of the Chrysler bail out (which I opposed) stipulated that they must adopt ISO standards.

Of course you're right, deregulating industry and wrecking unions would help the workers be safe lol.
TRY ANY OTHER damage done by Reaganism's war on the nonrich, dupe.
After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole?

Again Franco hater dupe, cut the lies and show the stats?

Let's see this increase in work related death and injury?

Nah, you're just lying - which is what you do.

Since the dangerous jobs have been outsourced, the stats are meaningless, dupe. Wrecking unions and deregulating safe guards just might make things more unsafe lol...Flipping burgers and pushing paper aren't dangerous.

Obviously to anyone with a working brain, those stats from the gov't bureaucracy prove taxing the nonrich to hell (news to you of course) and pandering to the rich Reaganism has wrecked the nonroch and the country, while thr rich laugh all the way to the bank. Get out of the idiotic GOP propaganda bubble and look around, stupid.

those stats from the gov't bureaucracy prove taxing the nonrich to hell

Still whining about that massive hike in payroll taxes? LOL!

And state and local taxes and fees, and all kinds of other crap. As in link.

Reagan raised state and local taxes and fees? Wow!!!

 

[francoHFW]

Considering we've lost our manufacturing and menial labor lately, I doubt stats mean much.

You are an ignorant simian, a shit flinging feral baboon.

We lost our manufacturing in the 1970's, due mostly to the greed and laziness of the United Auto Workers Union. While Toyota developed TPS and TQM, GM and the UAW developed a 6 figure salary for spot welder level 3. While a new Hyundai comes with a 100,000 mile warranty, a 1976 Chevelle was expected to require a top end rebuild at 40,000 miles.

Low quality and high wages. that's the union way. We didn't "lose" our manufacturing monkey boi, we discarded it.

When Ronald Reagan took office in 1981, he immediately put a task force together to address the lack of quality and workmanship in American goods. Promoting the ISO systems out of Europe in hopes of salvaging domestic manufacturing. Part of the Chrysler bail out (which I opposed) stipulated that they must adopt ISO standards.

Of course you're right, deregulating industry and wrecking unions would help the workers be safe lol.
TRY ANY OTHER damage done by Reaganism's war on the nonrich, dupe.
After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole?

Again Franco hater dupe, cut the lies and show the stats?

Let's see this increase in work related death and injury?

Nah, you're just lying - which is what you do.

Since the dangerous jobs have been outsourced, the stats are meaningless, dupe. Wrecking unions and deregulating safe guards just might make things more unsafe lol...Flipping burgers and pushing paper aren't dangerous.

Obviously to anyone with a working brain, those stats from the gov't bureaucracy prove taxing the nonrich to hell (news to you of course) and pandering to the rich Reaganism has wrecked the nonroch and the country, while thr rich laugh all the way to the bank. Get out of the idiotic GOP propaganda bubble and look around, stupid.

those stats from the gov't bureaucracy prove taxing the nonrich to hell

Still whining about that massive hike in payroll taxes? LOL!

And state and local taxes and fees, and all kinds of other crap. As in link.

Reagan raised state and local taxes and fees? Wow!!!

As I keep saying, they rose in reaction to shortfalls in fed aid. Raygun's scam against the middle class...

 

[Toddsterpatriot]

You are an ignorant simian, a shit flinging feral baboon.

We lost our manufacturing in the 1970's, due mostly to the greed and laziness of the United Auto Workers Union. While Toyota developed TPS and TQM, GM and the UAW developed a 6 figure salary for spot welder level 3. While a new Hyundai comes with a 100,000 mile warranty, a 1976 Chevelle was expected to require a top end rebuild at 40,000 miles.

Low quality and high wages. that's the union way. We didn't "lose" our manufacturing monkey boi, we discarded it.

When Ronald Reagan took office in 1981, he immediately put a task force together to address the lack of quality and workmanship in American goods. Promoting the ISO systems out of Europe in hopes of salvaging domestic manufacturing. Part of the Chrysler bail out (which I opposed) stipulated that they must adopt ISO standards.

Again Franco hater dupe, cut the lies and show the stats?

Let's see this increase in work related death and injury?

Nah, you're just lying - which is what you do.

Since the dangerous jobs have been outsourced, the stats are meaningless, dupe. Wrecking unions and deregulating safe guards just might make things more unsafe lol...Flipping burgers and pushing paper aren't dangerous.

Obviously to anyone with a working brain, those stats from the gov't bureaucracy prove taxing the nonrich to hell (news to you of course) and pandering to the rich Reaganism has wrecked the nonroch and the country, while thr rich laugh all the way to the bank. Get out of the idiotic GOP propaganda bubble and look around, stupid.

those stats from the gov't bureaucracy prove taxing the nonrich to hell

Still whining about that massive hike in payroll taxes? LOL!

And state and local taxes and fees, and all kinds of other crap. As in link.

Reagan raised state and local taxes and fees? Wow!!!

As I keep saying, they rose in reaction to shortfalls in fed aid. Raygun's scam against the middle class...

As I keep saying, they rose in reaction to shortfalls in fed aid.

Any backup for your claim that Reagan cut aid to states?
And how about an explanation for why Tip O'Neil would go along with such a dastardly deed?

 

[francoHFW]

Were you born yesterday?
Reagan budget cuts revive New Federalism

 

[initforme]

Reagan was no fan of the middle class. He started its downfall. Its been taking on the chin since. People are just too dumb to realize it.

 

[Toddsterpatriot]

Were you born yesterday?
Reagan budget cuts revive New Federalism

This means that more and more of the federal government's resources are now going to strictly national responsibilities: defense, social security, medicare, and interest on the debt.

Sounds like a great idea. And he got Tip O'Neil and the Dem House to vote for it.

 

[francoHFW]

And state and local taxes and fees are paid mainly by the nonrich. Brilliant- except for the nonrich and the country...

 

[Toddsterpatriot]

And state and local taxes and fees are paid mainly by the nonrich. Brilliant- except for the nonrich and the country...

And state and local taxes and fees are paid mainly by the nonrich.

Damn that Tip O'Neil!!

 

[francoHFW]

from link:

Ronald Reagan has cut off the elephant's tail -- but the trunk is growing at the other end. While the President is chipping away at government in Washington, state goverments are expanding their roles. Like it or not, from Oregon in the West to Maine in the East, the states are shouldering more responsibility for government services.

Overlooked in the general debate about deficits and the growth of government is a significant result of the conservative ``Reagan revolution'': the transfer of power from Washington to the states. If the President gets his proposed budget cuts for fiscal 1986 -- including block grants, transit subsidies, general revenue sharing, and medicaid -- the trend will continue into the second term.

 

[francoHFW]

Dupes, so why do we have a flat tax with the richest getting all the new wealth? morons

 

[Toddsterpatriot]

Dupes, so why do we have a flat tax with the richest getting all the new wealth? morons

The rich don't get all the new wealth, even though you're a moron.

 

[francoHFW]

Dupes, so why do we have a flat tax with the richest getting all the new wealth? morons

The rich don't get all the new wealth, even though you're a moron.

Do you watch any news or political shows, Pubtroll?

 

[Rustic]

That fake squaw is the least qualified on such matters...

 

[Toddsterpatriot]

Dupes, so why do we have a flat tax with the richest getting all the new wealth? morons

The rich don't get all the new wealth, even though you're a moron.

Do you watch any news or political shows, Pubtroll?

Do you know how stupid your claim is, moron?

 

[Uncensored2008]

Reagan was no fan of the middle class. He started its downfall. Its been taking on the chin since. People are just too dumb to realize it.

You can chant mantras from the Communist hate sites. Bummer you have no grasp of facts or history.