McCain Promises To Ruin Economy

[Orange_Juice]

At a time when the government is doing all it can to prove the basic theory behind the New Deal economic policy that pumping money into the lower and middle classes helps fuel economic growth John McCain is loving telling the ignorant masses that he will massivly slash that prop to our economy. I think its so funny. So, government spending will be slashed--it won't be, McCain is lying--so that we can all enjoy lower taxes! Reform!

 

[CrimsonWhite]

At a time when the government is doing all it can to prove the basic theory behind the New Deal economic policy that pumping money into the lower and middle classes helps fuel economic growth John McCain is loving telling the ignorant masses that he will massivly slash that prop to our economy. I think its so funny. So, government spending will be slashed--it won't be, McCain is lying--so that we can all enjoy lower taxes! Reform!

New Deal worked so well that it took a World War to fix the Economy. That policy worked great!

 

[Avatar4321]

The new deal? You got to be kidding! It made the Great Depression longer than it needed to be.

 

[Gunny]

At a time when the government is doing all it can to prove the basic theory behind the New Deal economic policy that pumping money into the lower and middle classes helps fuel economic growth John McCain is loving telling the ignorant masses that he will massivly slash that prop to our economy. I think its so funny. So, government spending will be slashed--it won't be, McCain is lying--so that we can all enjoy lower taxes! Reform!

In other words you're a hack, and have nothing intelligent to say but just can't stand the thought of not seeing your name on a thread?

Jacking up taxes on the people that float the economy ought to work a whole lot better. Idiot.

 

[editec]

The new deal? You got to be kidding! It made the Great Depression longer than it needed to be.

Poppycock.

 

[RetiredGySgt]

Poppycock.

Prove it.

 

[editec]

You first.

 

[Orange_Juice]

The new deal? You got to be kidding! It made the Great Depression longer than it needed to be.

Opinion as fact? Tells me a lot about you.

Do tell me when the last depression was? Before the New Deal!

 

[Orange_Juice]

In other words you're a hack, and have nothing intelligent to say but just can't stand the thought of not seeing your name on a thread?

Jacking up taxes on the people that float the economy ought to work a whole lot better. Idiot.

Thanks for showing your ignorance

 

[Gunny]

Thanks for showing your ignorance

Did you ever seek out that help I mentioned you getting awhile back? If so, it ISN'T working. You're still a blind, frothing at the mouth, delusional partisan with the objectivity of a one-way street.

Now run along ... wouldn't want you to miss those Barney reruns ....

 

[Diuretic]

Not this one, look down a bit, that's it, that's much better.

 

[Diuretic]

MCain promises to ruin the economy?

Is anyone game to tell him he's too late?

 

[frazzledgear]

At a time when the government is doing all it can to prove the basic theory behind the New Deal economic policy that pumping money into the lower and middle classes helps fuel economic growth John McCain is loving telling the ignorant masses that he will massivly slash that prop to our economy. I think its so funny. So, government spending will be slashed--it won't be, McCain is lying--so that we can all enjoy lower taxes! Reform!

Ever taken a basic economics course much less an advanced one? Sorry, but economists will tell you that history has proven that the basic theory behind the New Deal is dead wrong -which is why so many INFORMED Americans oppose such policies in the first place.

Economic growth isn't fueled by the lower and middle classes. Economic growth is the increase in value of the goods and services produced -usually by increasing the sheer number of goods and services being produced. How you figure the lower and middle income classes are what fuels and determines that is beyond me. People willing to work without other people able to create jobs and pay them for their work fuel nothing but despair.

Those are the classes with the LEAST amount of disposable income in the first place and therefore the least likely to create new jobs so more goods and services can be produced while giving more people the opportunity to also increase their income and perhaps someday able to have the funds to also create jobs and pay the salaries of others -giving someone else a rung up on the ladder. Giving them a government handout gives them a temporary infusion of cash that week -but what about next week and the week after?

You increase disposable income on a real level when taxes are lowered. But increasing taxes on those with more disposable income at the same time is counterproductive and removes the economic stimulus entirely. You increase disposable income when those who don't have a job, get one -or when those who have one, get a higher paying job. That's how it works. And since the lower classes don't create those jobs, wouldn't it make sense for economic policies to focus on encouraging job growth and increased worker productivity (which results in a higher wage) by those small and large businesses which actually create those jobs and pay those salaries? And in fact, policies that do are more successful and produce better results than ones which turn their focus toward income redistribution. But no doubt advocates just FEEL better about income redistribution anyway -although accomplishing far less real good and all too often increasing the pain for the very people they claim to want to help the most.

A real economic stimulus package isn't a ploy for income redistribution but specifically targeting those areas known to best result in real economic stimulation with real job growth. And it isn't through income redistribution. Income redistribution is an economic damper, it results in loss of jobs and higher unemployment and often an economic contraction. The opposite of economic growth - and those harmed the most by an increase in unemployment are those at the bottom. What Obama is pushing in the guise of "economic stimulus" is nothing but Carter's identical failed economic policies of income redistribution while claiming it will result in an economy as it was under Clinton. WTF? Oh sure, Carter policies won't result in another Carter economy but result in a Clinton one which was due to Reagan policies? ROFL!

Obama is running a con game. Last time Democrats dragged that crap out we got nothing but near double digit unemployment, double digit inflation and double digit interest rates. And those who suffered the very most for it -were the lower economic classes, the same people Carter claimed he was trying to help the most. I'll pass on that kind of "help", thank you.

If you don't understand what drives an economy in the first place and where economic growth actually comes from - then throwing money where it is least likely to produce real results while taking it in one form or another from those that create jobs and are most likely to create new jobs - only means you wasted that precious money along with the potential good it really could have done. Throwing it where it is least likely to result in any economic growth is far more likely to just get increased inflation and unemployment -but not economic growth. He can go peddle that crap somewhere else -been there, done that and it really, really sucked.

 

[frazzledgear]

Poppycock.

(In response to another poster pointing out it lengthened the depression.)

How FDR's New Deal Harmed Millions of Poor People

ParaPundit: FDR Policies Prolonged Great Depression For Years

And plenty more on this subject found in libraries written by economists -not only do hundreds of US economists agree, so do two Nobel Prize economists.

 

[Zoomie1980]

At a time when the government is doing all it can to prove the basic theory behind the New Deal economic policy that pumping money into the lower and middle classes helps fuel economic growth John McCain is loving telling the ignorant masses that he will massivly slash that prop to our economy. I think its so funny. So, government spending will be slashed--it won't be, McCain is lying--so that we can all enjoy lower taxes! Reform!

The government is doing what? So that's what Bush was about, proving the New Deal worked? That's a new one on me.

The "New Deal" was one of the most colossal economic blunders of all time. It's only surviving program, Social Security, is doomed to bankruptcy inside of 30 years. Unemployment went from 23% in 1932 to 14% in 1940 but most all of that was from ramped up production for Lend Lease to keep the British and Russians afloat against Hitler. Congress officially ended most New Deal programs in 1946 at the conclusion of WWII. Only Social Security survived. It should have been canned as well.

 

[Chris]

Obama will pull us out of Iraq, which will save us $200 billion dollars a year. Then universal healthcare will save us another $200 billion a year and make us more competitive. That's $1.6 trillion saved in Obama's first term.

 

[HoleInTheVoid]

Obama will pull us out of Iraq, which will save us $200 billion dollars a year. Then universal healthcare will save us another $200 billion a year and make us more competitive. That's $1.6 trillion saved in Obama's first term.

Name one program in the US running within a stable budget and saving money.

 

[Chris]

Name one program in the US running within a stable budget and saving money.

Name one thing George Bush has done right!

McBush and Palin are running against their records as Republicans.

That must be what's called the hope of audacity.

 

[HoleInTheVoid]

Name one thing George Bush has done right!

You're right. I am so-o-o not voting for Bush this year!

McBush and Palin are running against their records as Republicans.

That must be what's called the hope of audacity.

Your concession is duly noted.

 

[Chris]

Barack Obama has a tax cut plan that pays for itself, and is fiscally responsible. It restores the tax system for the upper class to what it was pre-Bush, when the budget was actually balanced (and we ran a surplus, remember that?). John McCain's tax plan is fiscally irresponsible and depends heavily on deficit spending (which is in record territory with every year of the Bush administration). Barack Obama's tax plan will put return more income to more people, who will use it to help stimulate the economy through consumerism, while not paying for it with deficit spending. John McCain's tax plan returns income to very few people, who will have a negligible impact on the economy with their new spending.