Remember the 1980's?

[rightwinger]

Yes America ...The Stimulus has failed.

But of course, the Rabbi was declaring it had failed even before it passed. You see when you pray for our economy to fail all you have to do is close your eyes

Hey Rabbi....You find that birth certificate you been looking for?

 

[Modbert]

Funny thing, if the Stimulus is such a failure, wonder why Republicans across the country who voted against it want money from it.

 

[The Rabbi]

Yes America ...The Stimulus has failed.

But of course, the Rabbi was declaring it had failed even before it passed. You see when you pray for our economy to fail all you have to do is close your eyes

Hey Rabbi....You find that birth certificate you been looking for?

It didnt take any prayer. All it took was a rudimentary knowledge of economics. Something sadly lacking in an administration marked by people who have never created wealth.
You cannot "stimulate" an economy by gov't spending which is basically transfer payments. It is a zero sum game. Gov't cannot give money to X without taking it from Y in the form of taxes or borrowing or inflation or all three.
And you do not promote employment by sticking big new mandates and an uncertain regulatory environment on employers.

 

[rightwinger]

Yes America ...The Stimulus has failed.

But of course, the Rabbi was declaring it had failed even before it passed. You see when you pray for our economy to fail all you have to do is close your eyes

Hey Rabbi....You find that birth certificate you been looking for?

It didnt take any prayer. All it took was a rudimentary knowledge of economics. Something sadly lacking in an administration marked by people who have never created wealth.
You cannot "stimulate" an economy by gov't spending which is basically transfer payments. It is a zero sum game. Gov't cannot give money to X without taking it from Y in the form of taxes or borrowing or inflation or all three.
And you do not promote employment by sticking big new mandates and an uncertain regulatory environment on employers.

The problem in a Recession is that nobody is spending money. Business, consumers, investors....all drop back and hunker down. The Government is the only entity with the resources to insert money into a sagging economy.
Like FDR, Obama invested in infrastructure and local projects.
Spending out of a Recession is nothing new. It worked for FDR, it worked for Reagan and it is working for Obama

 

[CrusaderFrank]

The Stimulus failed...we need more stimulus!

 

[rightwinger]

Lets relive the Bush Stimulus

The lets throw money at everyone and hope it helps the economy. Obama is investing in infrastructure and local improvement projects. Even Bobby Jindal is handing out those checks.

 

[CrusaderFrank]

Lets relive the Bush Stimulus

The lets throw money at everyone and hope it helps the economy. Obama is investing in infrastructure and local improvement projects. Even Bobby Jindal is handing out those checks.

The economy fell off the cliff once the anti-American, anti-business Dems got control of Congress

 

[Sinatra]

Reasons why the USSR Collapsed

Economic Stagnation: by the 1980s, there was zero economic growth, development of the black market for consumer goods, could not produce enough grain, rationing of food, consumer goods were inferior, poor use of resources (Pipeline)

Military Spending: 15-25% of GNP, Americans spent only 5-7%, too much on guns, not enough on butter.

Political Stagnation and Corruption: Party officials lived a privileged life, they did not want reform when it was most needed.

Ideology: Command economy, complete centralized planning, individual initiative is replaced by quotas and threats.

Nationalism: 50% of the population was not Russian, the non-Russian ethnic groups would fuel the break-up in combination with economic problems and the unwillingness of the new Russian gov’t to turn guns on its own people, like they had before.

At the end of the day people didn't care about politics, they wanted food and they rebelled against their political leaders.
Gorbachev could not secure large foreign loans.

The USSR, lost control though because of its out of control spending in trying to keep up with the United States military build up and practically bankrupted themselves and the people rebelled.

Facts on Reagan

Facts

Between 1980-1990

1- Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue.

2- As a percentage of the gross domestic product (GDP), federal revenues declined only slightly from 18.9 percent in 1980 to 18 percent in 1990.

3- Revenues from individual income taxes climbed from just over $244 billion in 1980 to nearly $467 billion in 1990.5 In inflation-adjusted dollars, this amounts to a 25 percent increase.

4- This economic boom lasted 92 months without a recession, from November 1982 to July 1990, the longest period of sustained growth during peacetime and the second-longest period of sustained growth in U.S. history. The growth in the economy lasted more than twice as long as the average period of expansions since World War II

5- The American economy grew by about one-third in real inflation-adjusted terms. This was the equivalent of adding the entire economy of East and West Germany or two-thirds of Japan's economy to the U.S. economy.

6- From 1950 to 1973, real economic growth in the U.S. economy averaged 3.6 percent per year. From 1973 to 1982, it averaged only 1.6 percent. The Reagan economic boom restored the more usual growth rate as the economy averaged 3.5 percent in real growth from the beginning of 1983 to the end of 1990

7- In 1991, after the Reagan rate cuts were well in place, the top 1 percent of taxpayers in income paid 25 percent of all income taxes; the top 5 percent paid 43 percent; and the bottom 50 percent paid only 5 percent. To suggest that this distribution is unfair because it is too easy on upper-income groups is nothing less than absurd.

No matter how advocates of big government try to rewrite history, Ronald Reagan's record of fiscal responsibility continues to stand as the most successful economic policy of the 20th century. His tax reforms triggered an economic expansion that continues to this day. His investments in national security ended the Cold War and made possible the subsequent defense spending reductions that are largely responsible for the current federal surpluses. His efforts to restrain the expansion of federal government helped to limit the growth of domestic spending. Reagan took over an economy with double-digit inflation and almost no growth, yet left office with much lower inflation than he inherited and a strongly growing economy.

Reagan's record is clear - there is a minority revisionism that remains intact, but for the vast majority of Americans - including a great many Democrats who voted for him twice, Reagan remains one of the great political giants of the 20th Century.

The Soviet collapse was a direct result of Reagan's political/economic pressures, with able assistance from Pope John Paul, Margaret Thatcher, etc. It is likely the collapse would have eventually come - but Reagan ensured it came sooner rather than later.

He was a remarkable American - and the last man I have had great pride in being my president...

 

[The Rabbi]

Yes America ...The Stimulus has failed.

But of course, the Rabbi was declaring it had failed even before it passed. You see when you pray for our economy to fail all you have to do is close your eyes

Hey Rabbi....You find that birth certificate you been looking for?

It didnt take any prayer. All it took was a rudimentary knowledge of economics. Something sadly lacking in an administration marked by people who have never created wealth.
You cannot "stimulate" an economy by gov't spending which is basically transfer payments. It is a zero sum game. Gov't cannot give money to X without taking it from Y in the form of taxes or borrowing or inflation or all three.
And you do not promote employment by sticking big new mandates and an uncertain regulatory environment on employers.

The problem in a Recession is that nobody is spending money. Business, consumers, investors....all drop back and hunker down. The Government is the only entity with the resources to insert money into a sagging economy.
Like FDR, Obama invested in infrastructure and local projects.
Spending out of a Recession is nothing new. It worked for FDR, it worked for Reagan and it is working for Obama

No, you just don't get it. Govt cannot spend its own money because it does not have money. It can only take from one person and give to another. The "multiplyer effect" has been calculated as less than 1. That means the inefficiencies and depressive effect of government taxation and borrowing outweigh any gov't spending.
The Depression was ended by enormous demand from Europe and a draft, which took care of unemployment.

 

[rightwinger]

It didnt take any prayer. All it took was a rudimentary knowledge of economics. Something sadly lacking in an administration marked by people who have never created wealth.
You cannot "stimulate" an economy by gov't spending which is basically transfer payments. It is a zero sum game. Gov't cannot give money to X without taking it from Y in the form of taxes or borrowing or inflation or all three.
And you do not promote employment by sticking big new mandates and an uncertain regulatory environment on employers.

The problem in a Recession is that nobody is spending money. Business, consumers, investors....all drop back and hunker down. The Government is the only entity with the resources to insert money into a sagging economy.
Like FDR, Obama invested in infrastructure and local projects.
Spending out of a Recession is nothing new. It worked for FDR, it worked for Reagan and it is working for Obama

No, you just don't get it. Govt cannot spend its own money because it does not have money. It can only take from one person and give to another. The "multiplyer effect" has been calculated as less than 1. That means the inefficiencies and depressive effect of government taxation and borrowing outweigh any gov't spending.
The Depression was ended by enormous demand from Europe and a draft, which took care of unemployment.

The government also has the ability to borrow money. Thats what FDR did, thats what Reagan did and thats what Obama did.
In each case, it resulted in saving the country from financial ruin

 

[The Rabbi]

NO! You still do not get it. Gov't can only borrow money on the open market. It competes with other lenders, often crowding them out because of its superior credit rating. You see gov't borrowing money. You do not see Joe's Machine Shop close because it cannot borrow money--money which went to the gov't instead.
Additionally the money borrowed must be paid back, with interest, by future generations.
Reagan managed to grow the economy through tax cuts enough to more than offset what he borrowed. When he left office the debt as a percentage of GDP was smaller than at any time post WW2.
Obama is doing the opposite. His spending will not grow the economy. His debt puts the national debt at the highest percentage of gdp since WW2. This is not healthy. It is like borrowing money to go buy a cadillac vs borrowing money to go start a business or buy real estate.

 

[JakeStarkey]

Remember that many servicemen ended their careers when they found out that Reagan lied about illegally funding the contras and arming our enemies who could have shot those missiles are our folks.

Reagan said he couldn't recall what happened. In the end, that was the dead truth.

 

[rightwinger]

NO! You still do not get it. Gov't can only borrow money on the open market. It competes with other lenders, often crowding them out because of its superior credit rating. You see gov't borrowing money. You do not see Joe's Machine Shop close because it cannot borrow money--money which went to the gov't instead.
Additionally the money borrowed must be paid back, with interest, by future generations.
Reagan managed to grow the economy through tax cuts enough to more than offset what he borrowed. When he left office the debt as a percentage of GDP was smaller than at any time post WW2.
Obama is doing the opposite. His spending will not grow the economy. His debt puts the national debt at the highest percentage of gdp since WW2. This is not healthy. It is like borrowing money to go buy a cadillac vs borrowing money to go start a business or buy real estate.

The economy has already grown under Obama. Under Bush, our economy lost $11 trillion in the stock market crash. Since Obama has been president, the economy has regained $4.6 trillion

 

[JakeStarkey]

The far right sillycons don't get it, obviously.

Government does what business can't do -- like end recessions and depressions, stimulate growth, promote individual rights, and fight wars.

Business, on the other hand, does not care about nations or individuals, it cares only about profit. Business, like a great river, must be regulated so that it does not run rampant and destroy nations, peoples, and individuals.

Do you get it now? Any smart Republican (Newt, George Will, Dick Army) understands that the question is not too much or too less regulation. It is only about the right kind of regulation.

 

[Justin Case]

Reagan was the worst President in modern times, he made the catastrophe that was George W. Bush possible. He helped destroy the working class and education, he was too slow to act on AIDs and should have been impeached for Iran Contra. He ran from Beirut giving terrorism a boost. He was an actor lost without his index cards. The myth that is Reagan is a fantasy that never dies.

OpEdNews - Article: Ronald Reagan: Worst President Ever?

"....there's a growing realization that the starting point for many of the catastrophes confronting the United States today can be traced to Reagan's presidency. There's also a grudging reassessment that the "failed"- presidents of the 1970s--Richard Nixon, Gerald Ford and Jimmy Carter--may deserve more credit for trying to grapple with the problems that now beset the country."

The Potomac - Mike Z


Ronald Reagan's Legacy
The Reagan Legacy
The Reagan legacy - Salon.com
Ronald Reagan page

Your avatar speaks volumes about your left wingnut biased views, so forgive me if I don't take you seriously on Reagan.

 

[The Rabbi]

NO! You still do not get it. Gov't can only borrow money on the open market. It competes with other lenders, often crowding them out because of its superior credit rating. You see gov't borrowing money. You do not see Joe's Machine Shop close because it cannot borrow money--money which went to the gov't instead.
Additionally the money borrowed must be paid back, with interest, by future generations.
Reagan managed to grow the economy through tax cuts enough to more than offset what he borrowed. When he left office the debt as a percentage of GDP was smaller than at any time post WW2.
Obama is doing the opposite. His spending will not grow the economy. His debt puts the national debt at the highest percentage of gdp since WW2. This is not healthy. It is like borrowing money to go buy a cadillac vs borrowing money to go start a business or buy real estate.

The economy has already grown under Obama. Under Bush, our economy lost $11 trillion in the stock market crash. Since Obama has been president, the economy has regained $4.6 trillion

OK, I see the problem. I am dealing with an ignoramus. I should have guessed as much.
The economy is measured by GDP, that is the value of all goods and services produced by the economy. The stock market is not the economy.
In fact according the BEA, the economy contracted by -4.6% in the first quarter of this year and -.8% in the second quarter.

 

[Polaris]

So? MLK did not deserve a holiday. Yeah, that sounds intolerant to brainwashed libtards and blacks, but it is true.

MLK is one of the great moral leaders of the 20th century. He deserves to be mentioned together with the likes of Ghandi; many Americans might not realize this, but MLK is well known internationally for his leadership in the fight for Civil Rights in the 60's. Many countries around the world have similar problems with minority populations that are discriminated against; King's crusade resonated across the globe, not just here.

Martin Luther King, Jr. was a great American. He not only deserves a day commemorating his life, but we should go further: we should put him on our money! I suggest that we banish that genocidal maniac, Andrew Jackson, and put MLK on the twenty...!

 

[Kalam]

So? MLK did not deserve a holiday. Yeah, that sounds intolerant to brainwashed libtards and blacks, but it is true.

...

Whites in SA built a great country, cities, infrastructure, an economy, and more. Now that SA has been turned over to the blacks SA is fast becoming a 3rd world country.

Wow. Fail.

 

[MaggieMae]

NO! You still do not get it. Gov't can only borrow money on the open market. It competes with other lenders, often crowding them out because of its superior credit rating. You see gov't borrowing money. You do not see Joe's Machine Shop close because it cannot borrow money--money which went to the gov't instead.
Additionally the money borrowed must be paid back, with interest, by future generations.
Reagan managed to grow the economy through tax cuts enough to more than offset what he borrowed. When he left office the debt as a percentage of GDP was smaller than at any time post WW2.
Obama is doing the opposite. His spending will not grow the economy. His debt puts the national debt at the highest percentage of gdp since WW2. This is not healthy. It is like borrowing money to go buy a cadillac vs borrowing money to go start a business or buy real estate.

The economy has already grown under Obama. Under Bush, our economy lost $11 trillion in the stock market crash. Since Obama has been president, the economy has regained $4.6 trillion

OK, I see the problem. I am dealing with an ignoramus. I should have guessed as much.
The economy is measured by GDP, that is the value of all goods and services produced by the economy. The stock market is not the economy.
In fact according the BEA, the economy contracted by -4.6% in the first quarter of this year and -.8% in the second quarter.

The stock market is represented by investors in the "goods and services" which account for GDP. Therefore it is indeed a measurement of how well the economy is faring. Leading up to the GDP decline, the decline in North American financial assets during 2008 was $8.1 trillion. A tidy sum that never got recirculated back into the economy.

And now I'm going to have to put you on ignore. I'll still be able to see what you posted if someone else copies it, but at least I won't be treated to your disgusting avatar anymore. People like you want to be taken seriously, but act out like pond scum.

 

[rightwinger]

The economy has already grown under Obama. Under Bush, our economy lost $11 trillion in the stock market crash. Since Obama has been president, the economy has regained $4.6 trillion

OK, I see the problem. I am dealing with an ignoramus. I should have guessed as much.
The economy is measured by GDP, that is the value of all goods and services produced by the economy. The stock market is not the economy.
In fact according the BEA, the economy contracted by -4.6% in the first quarter of this year and -.8% in the second quarter.

The stock market is represented by investors in the "goods and services" which account for GDP. Therefore it is indeed a measurement of how well the economy is faring. Leading up to the GDP decline, the decline in North American financial assets during 2008 was $8.1 trillion. A tidy sum that never got recirculated back into the economy.

And now I'm going to have to put you on ignore. I'll still be able to see what you posted if someone else copies it, but at least I won't be treated to your disgusting avatar anymore. People like you want to be taken seriously, but act out like pond scum.

Its not that Rabbi's avatar is disgusting. What says more about the Rabbi is that he somehow finds it funny