Republican Economic Policy

[buckeye45_73]

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And let me see waiting times, how many people get paid healthcare (Like in Canada) and why they do pay for it. This is all about spending, that tells you jack.

 

[Friends]

Did GDP growth increase after Reagan cut rates?
What was federal revenue before Reagan.....after Reagan.

Yes. Gross Domestic product also grew under President Carter.

How Every President Since Hoover Has Affected the U.S. Economy

Presidents influence economic growth through taxes, spending, and more. Here's how gross domestic product (GDP) grew or contracted during each president's term.

www.thebalance.com

Most of the growth under Reagan went to the best paid 20% of the population.

When Jimmy Carter was president an average of 2,600,000 jobs were created every year. Under President Reagan that declined to 2,000,000 jobs a year.

Bush On Jobs: The Worst Track Record On Record - Democratic Underground

Bush On Jobs: The Worst Track Record On Record

www.democraticunderground.com

Under Carter there was a shallow, six month recession. Unemployment reached 7.8%. Under Reagan there was a deep, sixteen month recession. Unemployment reached 10.8%.

List of recessions in the United States - Wikipedia

en.wikipedia.org

During the four years Carter was president the national debt as a percentage of gross domestic product (GDP) declined from 34% to 32%. During the eight years Reagan was president this increased from 31% to 50%.

US National Debt by Year

The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.

www.thebalance.com

Republicans used to believe in balanced budgets. Now they think, in the words of Vice President Dick Cheney, "that deficits don't matter," as long as they are caused by tax cuts for the rich and more spending on a military that can't win wars.

 

[Friends]

And let me see waiting times, how many people get paid healthcare (Like in Canada) and why they do pay for it. This is all about spending, that tells you jack.

News Medical Life Sciences, Aug 12 2009

As members of Congress return to their states and districts to debate the merits of the Democrats' proposals for health care reform, critics of the proposals may repeat the phrase used by some Republicans, newspaper editorials and bloggers that 'the American health care system is the envy of the world."​

If so, they should read the results of a recent Harris/Decima poll in Canada that found a 10-to-1 majority of Canadians believed their system was "superior" to the U.S. system. They might also note that a 70% majority of Canadians thought their system was "performing well"; and that a majority favored an expansion of public sector health care (i.e., "government-run" health care in the current debate) over private sector health care.

These are some of the results of a recent Harris/Decima telephone survey conducted between June 4 and 8, 2009 by Harris/Decima among 1,000 Canadian adults.

The main findings were:

• A 70% majority of Canadians thought their system was performing either "very well (12%) or "fairly well" (58%). Only 28% thought it was performing "not well at all" (9%) or "not that well" (19%).
• Most people (55%) favored an expansion of the public sector. Just over a quarter (27%) of Canadians thought that the Canadian system had got the balance between public and private sector health care right. Only 12% favored a tilt towards the private sector.
• An 82% majority of Canadians believed their country's health care system was superior to the U.S. system. Only 8% thought the U.S. system was superior.

The Results of Other Harris Surveys in Other Countries

Another Harris Poll report, published July 2, 2008, compared the popularity of the health care systems in 10 countries. The United States system was the most unpopular. It reported that 33% of Americans felt there was "so much wrong with the health care system, we need to completely rebuild it." In the other nine countries between 9% (in the Netherlands) and 20% (in Italy) felt this way. Only 12% of Americans thought that "the system works pretty well."

U.S. health care system - “envy of the world”? not in Canada!

As members of Congress return to their states and districts to debate the merits of the Democrats’ proposals for health care reform, critics of the proposals may repeat the phrase used by some Republicans, newspaper editorials and bloggers that ‘the American health care system is the envy of the...

www.news-medical.net

 

[bendog]

It seems to me that McConnell's fears of a tax hike on those using pass throughs and making over 400k would be inflationary isn't based on goods and services being more expensive, but rather that bracket creep will "force" more people into the horror of being in that "put upon" group. And actually, raising their taxes would take money out of circulation (anti-inflationary), while reducing medicare drug prices (lower deficits are anti-inflationary), while oldsters who already spend all of their social security checks would still spend the same amount, but actually get better food and more A/C heat after working their adult lives.

But to give McConnell some credit, he says the dems can do this because they have the votes if they have the balls to use them, and they can still get the semiconducter law through by just having the House pass the bill the Senate already passed.

I have no faith that Schumer and Jaypal can deliver a pizza, though

 

[Friends]

Without a military , a country will soon be taken over. While i do not like miliary waste, i sure dont like the welfare programs that keep people from working for a living. Cut off welfare and soon there are more tax revenues coming in from people working, or people trying to steal other people property and those end up with a bullet in the head, thus removing unwanted criminals thus lowering tax spending. Win win for US.

One fourth of the Negro population has an IQ less than 75%. At that level they are virtually unemployable. I would like to make sterilization a qualification for receiving welfare. That is a topic for another thread.

 

[Toddsterpatriot]

Yes. Gross Domestic product also grew under President Carter.

How Every President Since Hoover Has Affected the U.S. Economy

Presidents influence economic growth through taxes, spending, and more. Here's how gross domestic product (GDP) grew or contracted during each president's term.

www.thebalance.com

Most of the growth under Reagan went to the best paid 20% of the population.

View attachment 670184

When Jimmy Carter was president an average of 2,600,000 jobs were created every year. Under President Reagan that declined to 2,000,000 jobs a year.

Bush On Jobs: The Worst Track Record On Record - Democratic Underground

Bush On Jobs: The Worst Track Record On Record

www.democraticunderground.com

Under Carter there was a shallow, six month recession. Unemployment reached 7.8%. Under Reagan there was a deep, sixteen month recession. Unemployment reached 10.8%.

List of recessions in the United States - Wikipedia

en.wikipedia.org

During the four years Carter was president the national debt as a percentage of gross domestic product (GDP) declined from 34% to 32%. During the eight years Reagan was president this increased from 31% to 50%.

US National Debt by Year

The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.

www.thebalance.com

Republicans used to believe in balanced budgets. Now they think, in the words of Vice President Dick Cheney, "that deficits don't matter," as long as they are caused by tax cuts for the rich and more spending on a military that can't win wars.

Yes. Gross Domestic product also grew under President Carter.

Grew so much that Carter won 6 states in 1980.

 

[Friends]

Yes. Gross Domestic product also grew under President Carter.

Grew so much that Carter won 6 states in 1980.

During parts of the campaign Carter was ahead of Reagan. For their 1980 debate Reagan benefited from a briefing book that had been stolen from Carter.

 

[Friends]

Yes. Gross Domestic product also grew under President Carter.

Grew so much that Carter won 6 states in 1980.

The tax revolt, which caused Proposition 13 to be passed in California, and which caused Reagan to be elected and re elected president, may be seen as a draft riot against the War on Poverty. By the late 1970's most whites did not want their tax money to be spent helping blacks.

 

[Toddsterpatriot]

During parts of the campaign Carter was ahead of Reagan. For their 1980 debate Reagan benefited from a briefing book that had been stolen from Carter.

That's awful! With Carter's great economy, I thought he was a shoo-in.

 

[Toddsterpatriot]

The tax revolt, which caused Proposition 13 to be passed in California, and which caused Reagan to be elected and re elected president, may be seen as a draft riot against the War on Poverty. By the late 1970's most whites did not want their tax money to be spent helping blacks.

Didn't the Great Society already eliminate poverty?

 

[task0778]

One fourth of the Negro population has an IQ less than 75%. At that level they are virtually unemployable. I would like to make sterilization a qualification for receiving welfare. That is a topic for another thread.

This guy is a full-blown racist and an idiot. Thank God for the Ignore option.

 

[Richard-H]

Leaders of the Republican Party never liked the New Deal, which began in 1933 with the presidency of Franklin Roosevelt, because it shifted wealth, power, and prestige from the business community to the government. President Eisenhower preserved the reforms of the New Deal because he knew they were popular with the voters. This is what he wrote in a letter to his brother:

“Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt (you possibly know his background), a few other Texas oil millionaires, and an occasional politician or business man from other areas.4 Their number is negligible and they are stupid.”

Letter to Edgar Newton Eisenhower

According to Pew Research in 1964 about 75% of Americans trusted the government to do the right thing all or most of the time.

Section 1: Trust in Government 1958-2010

Most Americans saw the government as the organization that had ended the Great Depression, won the Second World War, and was managing an economy in which nearly everyone’s standard of living rose nearly every year.

Barry Goldwater ran against that consensus, and promised to roll back the New Deal reforms. As a result President Johnson won 61% of the popular vote, and the Democrats won two to one majorities in both houses of Congress. In 1964 the Democrats had mandates to preserve the basic reforms of the New Deal, and to avoid war with the Soviet Union.

The Democrats over stepped their mandates by expanding the welfare system and by reducing the likelihood and severity of punishment. This resulted in five years of black ghetto rioting, and a doubling of the crime rate from 1960 to 1969.

United States Crime Rates 1960 t0 2019

The result was a backlash against Democrat policies on race and crime, but not on the reforms of the New Deal. These remained popular.

The GOP has learned that a direct assault on the New Deal will fail. Their new policy is to cut taxes, promising that the tax cuts will generate so much economic growth that they will balance the budget. When this does not happen they use the increases in the national debt for which they are responsible, in an effort to reduce popular middle class entitlements.

When the Second World War ended in 1945 the national debt as a percentage of Gross Domestic Product (GDP) was 114%. In 1980, which was the last full year of President Carter’s presidency this had declined to 32%. During this time the top tax rate never got below 70%, and was often much higher. The per capita national debt as a percentage of gross domestic product declined during the wars in Korea and Vietnam.

U.S. National Debt by Year

http://www.irs.gov/pub/irs-soi/02inpetr.pdf

As a result of Republican tax cuts for the rich, the national debt as a percentage of GDP was 124% in 2021.

U.S. National Debt by Year

The leaders of the Republican Party like a growing national debt because it prevents the Democrats from helping their constituencies. Republicans win elections when white blue collar workers think, “The Democrats never did me any good. At least the Republicans won’t take my guns.”

I doubt most Americans really think about economics very much. They take the new deal programs for granted. Like reversing Roe v. Wade, most assume that it's unthinkable. They won't have any strong feelings about it until it's been reversed and they find themselves in need.

What has really caused the major change in worker's political alignment is that the Democrats used to be thought of as the party of the average working joe, while the Republicans were the party of the wealthy business owners.

That changed in the 1970s. The Democrats were seen as the party of liberal social values, while the Republicans became the party of Conservative social values. Nixon's "swing to the South" was amazingly successful - and Reagan became the shaman of the cult.

Recently, Conservative working people realized that the traditional Republicans were NOT the party of Conservative social values, but were only giving lip service. So they thought that Trump would be the true champion of Conservative social values. (Why they believed that a whore mongering con man would stand up for Conservative values, I can't figure out - except to say that Trump is an opportunist, and pretending to be a Conservative was self-serving for him).

What seems to be the true underlying theme of Conservatives is absolute anti-liberalism. Anything that can in anyway be associated with liberalism is hated by today's Conservatives. Anything that is a product of intelligent, well-informed opinions are labeled as "liberal" ideas & values. It's become a battle of the intelligent vs. the anti-intelligent.

Climate change, vaccinations, wearing masks, reasonable gun control and increasing taxes on the wealthiest are among many issues that are not a matter of liberal vs. conservative, they're a matter of intelligence vs. stupidity.

I see today's conservative as "Putin's Useful Idiots". They're stupidity is destroying America, and Putin is loving it!

 

[Friends]

That's awful! With Carter's great economy, I thought he was a shoo-in.

In my comment #62 I pointed out that in important ways Carter's economy was better than Reagan's economy.

In addition, and as I have also pointed out, Reagan was the white man's candidate. He began his 1980 primary campaign by giving a speech extolling states' rights in a town where three civil rights activists had been murdered in 1964.

The Welfare Queen of Chicago did not exist, but everyone knew which race she belonged to.

Didn't the Great Society already eliminate poverty?

You know as well as I do that it did not. Instead it turned millions of low income blacks into an unemployable underclass who supplement their welfare checks with the gains from criminal activity.

 

[initforme]

Social security and Medicare are incredibly popular. Neither party is doing anything to strengthen them. Sad. Get rid of them this nation goes into chaos never seen before.

 

[Friends]

I doubt most Americans really think about economics very much. They take the new deal programs for granted. Like reversing Roe v. Wade, most assume that it's unthinkable. They won't have any strong feelings about it until it's been reversed and they find themselves in need.

What has really caused the major change in worker's political alignment is that the Democrats used to be thought of as the party of the average working joe, while the Republicans were the party of the wealthy business owners.

That changed in the 1970s. The Democrats were seen as the party of liberal social values, while the Republicans became the party of Conservative social values. Nixon's "swing to the South" was amazingly successful - and Reagan became the shaman of the cult.

Nixon's Southern Strategy would not have worked if the Civil Rights Act of 1964 and the War on Poverty had not been followed by five years of black ghetto rioting, and more enduring increases in black social pathology.

A Democrat dove would have been elected president in 1968 who would have negotiated an end to the War in Vietnam. Because of the black ghetto riots and disruptive behavior by the anti war movement the War continued for seven more terrible years.

I was afraid that the canonization of Saint George of Floyd, and the nonsense Democratic talk about "the mainly peaceful protests against racial injustice," that followed the death of that collector of felony convictions and father of illegitimate children, and which cost an estimate two billion dollars in damage, would win a second term for Trump. Fortunately, they did not.

The black response to the opportunities opened to them by the civil rights legislation and the War on Poverty has enabled Republican economic policy to redistribute wealth and income upward.

 

[Mikeoxenormous]

"Listen, you’ve got a president right now, he wants full credit for an economy that he inherited, he wants zero blame for the pandemic he ignored," Obama said.

https://www.realclearpolitics.com/video/2020/10/27/obama_trump_wants_full_credit_for_an_economy_he_inherited_from_me_zero_blame_for_pandemic.html

Because of the COVID-19 pandemic Trump ignored, unemployment reached Depression levels. This is what happened to the national debt under Trump.

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The blind loyalty of the Progressive slave, reminds me of another group of loyal Socialists that didnt end well.

 

[Friends]

This guy is a full-blown racist and an idiot. Thank God for the Ignore option.

I said:
One fourth of the Negro population has an IQ less than 75%. At that level they are virtually unemployable. I would like to make sterilization a qualification for receiving welfare. That is a topic for another thread.

What did I say that is not true?

 

[Friends]

The blind loyalty of the Progressive slave, reminds me of another group of loyal Socialists that didnt end well.

View attachment 670258

I do not know of any Democrat who worships Obama and Biden the way Trump's cultists believe everything their cult leader tells them.

 

[Mikeoxenormous]

I said:
One fourth of the Negro population has an IQ less than 75%. At that level they are virtually unemployable. I would like to make sterilization a qualification for receiving welfare. That is a topic for another thread.

What did I say that is not true?

View attachment 670259

One fourth of the Negro population has an IQ less than 75%.

What a racist thing you would say. Where is IM2 to debate you on this?
I would match that by saying 100% of the Democrats have an IQ less than an imbecile. How else could Joe Biden get elected, other than by stealing the 2020 election.

 

[g5000]

Wrong......thanks for playing.

Actually, he is correct.

See for yourself: Historical Federal Individual Income Tax Rates & Brackets, 1862-2021