Republicans have a poor understanding of economics. They should have no place in making policy

[The Rabbi]

Supply-side economics are undemocratic, and unAmerican:

"Can any despotism be more cruel than a situation in which the existence of thousands depends on one will, and that will on the most slight and fickle of all motives, a mere whim of the imagination."
-- James Madison; from "Fashion" in the National Gazette (March, 20, 1792)

Since you dont understand supply side economics it is no surprise you'd say something stupid about it.

 

[Mathbud1]

Republicans only econonic solutions are deregulation and cutting taxes for corporations/the wealthy. Both of these methods do next to nothing to help the overall economy.

Regulations cost GDP 2% every year. Now even if you were irresponsible and stupid enough to undo ALL regulations for the sake of growth, you would only be boosting 2%. The growth of that is not nearly worth the chaos that would ensue.

Cutting taxes for corporations does jack shit for the economy in general. Stimuluating supply means dick if you don't stimuluate demand. The extra supply that is created does not meet any increase in demand. This means there is no increase in business just because a company has more to sell. Not only that, but cutting taxes only makes the government borrow more which means more debt. The proposed republican tax cuts would add 440 billion to our national debt.

The recent "experiment" failure in Kansas' economy and the pathetic job growth under Bush proves this.

See the republicans you people elect know this. They say they want to help you but in reality they only care about keeping the wealthy happy.

The reality is that the best way to stimulate economic growth is by stimulating the middle class. That is the driving force of our consumption based economy. Republicans have barely done anything for the middle class since Reagan.

Obama's stimulus created close to 3 million jobs. Why? Because it gave the middle class the biggest middle class tax cut since Reagan. It also extended unemployment benefits for the millions who lost their jobs against their will. This allowed them to spend money they wouldn't have otherwise spent because they were unemployed.

This is what you call demand-side economics.

Demand is all-important right? Guess who the "demand" is for my employer? Businesses. My employer is, in its turn, a "demand" for a massive number of other businesses. I guess you forgot that businesses are customers too. I guess in your oversimplified "economic reality" businesses are only ever suppliers, and never consume anything.

Stimulating businesses does stimulate both supply and demand every time.

So go ahead and tell me why stimulating demand without stimulating supply is a better solution?

 

[KissMy]

Republicans only econonic solutions are deregulation and cutting taxes for corporations/the wealthy. Both of these methods do next to nothing to help the overall economy.

Regulations cost GDP 2% every year. Now even if you were irresponsible and stupid enough to undo ALL regulations for the sake of growth, you would only be boosting 2%. The growth of that is not nearly worth the chaos that would ensue.

Cutting taxes for corporations does jack shit for the economy in general. Stimuluating supply means dick if you don't stimuluate demand. The extra supply that is created does not meet any increase in demand. This means there is no increase in business just because a company has more to sell. Not only that, but cutting taxes only makes the government borrow more which means more debt. The proposed republican tax cuts would add 440 billion to our national debt.

The recent "experiment" failure in Kansas' economy and the pathetic job growth under Bush proves this.

See the republicans you people elect know this. They say they want to help you but in reality they only care about keeping the wealthy happy.

The reality is that the best way to stimulate economic growth is by stimulating the middle class. That is the driving force of our consumption based economy. Republicans have barely done anything for the middle class since Reagan.

Obama's stimulus created close to 3 million jobs. Why? Because it gave the middle class the biggest middle class tax cut since Reagan. It also extended unemployment benefits for the millions who lost their jobs against their will. This allowed them to spend money they wouldn't have otherwise spent because they were unemployed.

This is what you call demand-side economics.

How does the middle class tax cuts (niggernomics) create jobs?

God you people are so thick. No wonder you vote republican. Tax cuts help the middle class spend money. They are the big spenders when it comes to economic demand in this consumer spending economy we have.

The middle class sucks, they vote for pols who tell them domestic harmony can be guaranteed through the provision of bread and circuses for the masses, and then they want tax cuts and massive borrowing so they themselves don't have to pay.

The middle class is the big problem in this country, but, it is disappearing rapidly.

You are a retard. The middle class pays half their income in taxes. They are the makers & the rich wallstreet / government are the takers. The middle class is being taxed out of existence. The rich soak up government spending & don't pay taxes, causing massive job killing inflation tax on the rest of US. Repubtards love inflation.

Bush was the most inflationary president in our lifetime. Obama killed inflation, flat-lining it during his administration.

 

[The Rabbi]

If you increase incentives for people to work more and earn more, they will have more money to consume.
If you increase incentives for people to work less, they will work less and have less money to consume.
This is the difference betwee successful supply side economics and failing demand side economics.

 

[The Rabbi]

Republicans only econonic solutions are deregulation and cutting taxes for corporations/the wealthy. Both of these methods do next to nothing to help the overall economy.

Regulations cost GDP 2% every year. Now even if you were irresponsible and stupid enough to undo ALL regulations for the sake of growth, you would only be boosting 2%. The growth of that is not nearly worth the chaos that would ensue.

Cutting taxes for corporations does jack shit for the economy in general. Stimuluating supply means dick if you don't stimuluate demand. The extra supply that is created does not meet any increase in demand. This means there is no increase in business just because a company has more to sell. Not only that, but cutting taxes only makes the government borrow more which means more debt. The proposed republican tax cuts would add 440 billion to our national debt.

The recent "experiment" failure in Kansas' economy and the pathetic job growth under Bush proves this.

See the republicans you people elect know this. They say they want to help you but in reality they only care about keeping the wealthy happy.

The reality is that the best way to stimulate economic growth is by stimulating the middle class. That is the driving force of our consumption based economy. Republicans have barely done anything for the middle class since Reagan.

Obama's stimulus created close to 3 million jobs. Why? Because it gave the middle class the biggest middle class tax cut since Reagan. It also extended unemployment benefits for the millions who lost their jobs against their will. This allowed them to spend money they wouldn't have otherwise spent because they were unemployed.

This is what you call demand-side economics.

How does the middle class tax cuts (niggernomics) create jobs?

God you people are so thick. No wonder you vote republican. Tax cuts help the middle class spend money. They are the big spenders when it comes to economic demand in this consumer spending economy we have.

The middle class sucks, they vote for pols who tell them domestic harmony can be guaranteed through the provision of bread and circuses for the masses, and then they want tax cuts and massive borrowing so they themselves don't have to pay.

The middle class is the big problem in this country, but, it is disappearing rapidly.

You are a retard. The middle class pays half their income in taxes. They are the makers & the rich wallstreet / government are the takers. The middle class is being taxed out of existence. The rich soak up government spending & don't pay taxes, causing massive job killing inflation tax on the rest of US. Repubtards love inflation.

wow, a list of unsupported assertions totally at odds with reality.
It's only missing a chart.

 

[007]

Six mother scratching years of He-Who-Shall-Not-Be-Named...

Lovely grasp of economics this is:

... and this...


... and this...

 

[Soggy in NOLA]

Wow, irony on steroids here.
A troll thread from Billy Three-Zip, whose name represents all he knows.
Hey, Billy. Remind us how government spending creates a mulitplier but spending by private companies doesn.t

I can't believe I have to explain this to you again. Stimuluating supply doesn't do jack shit do stimuluate demand which is how our economy works. The economy thrives on consumer spending. Stimulating supply would make sense if demand was stimulated just as much but republicans don't do that. They are morons like you.

The unemployed have no money to spend over time. Benefits gives them money. Consumer spending creates economic growth. Every dollar spent on businesses gives them profit. This isn't hard to figure out. This is capitalism 101.

Also, every dollar lost in revenue is replaced by 1.64 in growth. Bush's tax cuts only created .59 cents in growth for every dollar lost in revenue

Get's my vote for ill-informed post of the day!!!

The old Pelosi "unemployment insurance creates jobs" school of thought.

lol

 

[Toddsterpatriot]

Republicans only econonic solutions are deregulation and cutting taxes for corporations/the wealthy. Both of these methods do next to nothing to help the overall economy.

Regulations cost GDP 2% every year. Now even if you were irresponsible and stupid enough to undo ALL regulations for the sake of growth, you would only be boosting 2%. The growth of that is not nearly worth the chaos that would ensue.

Cutting taxes for corporations does jack shit for the economy in general. Stimuluating supply means dick if you don't stimuluate demand. The extra supply that is created does not meet any increase in demand. This means there is no increase in business just because a company has more to sell. Not only that, but cutting taxes only makes the government borrow more which means more debt. The proposed republican tax cuts would add 440 billion to our national debt.

The recent "experiment" failure in Kansas' economy and the pathetic job growth under Bush proves this.

See the republicans you people elect know this. They say they want to help you but in reality they only care about keeping the wealthy happy.

The reality is that the best way to stimulate economic growth is by stimulating the middle class. That is the driving force of our consumption based economy. Republicans have barely done anything for the middle class since Reagan.

Obama's stimulus created close to 3 million jobs. Why? Because it gave the middle class the biggest middle class tax cut since Reagan. It also extended unemployment benefits for the millions who lost their jobs against their will. This allowed them to spend money they wouldn't have otherwise spent because they were unemployed.

This is what you call demand-side economics.

How does the middle class tax cuts (niggernomics) create jobs?

God you people are so thick. No wonder you vote republican. Tax cuts help the middle class spend money. They are the big spenders when it comes to economic demand in this consumer spending economy we have.

The middle class sucks, they vote for pols who tell them domestic harmony can be guaranteed through the provision of bread and circuses for the masses, and then they want tax cuts and massive borrowing so they themselves don't have to pay.

The middle class is the big problem in this country, but, it is disappearing rapidly.

You are a retard. The middle class pays half their income in taxes. They are the makers & the rich wallstreet / government are the takers. The middle class is being taxed out of existence. The rich soak up government spending & don't pay taxes, causing massive job killing inflation tax on the rest of US. Repubtards love inflation.

Bush was the most inflationary president in our lifetime. Obama killed inflation, flat-lining it during his administration.

The middle class pays half their income in taxes.

No they don't.

Obama killed inflation, flat-lining it during his administration.

What Obama policy killed inflation?
Be as specific as you can.

 

[The Rabbi]

Republicans only econonic solutions are deregulation and cutting taxes for corporations/the wealthy. Both of these methods do next to nothing to help the overall economy.

Regulations cost GDP 2% every year. Now even if you were irresponsible and stupid enough to undo ALL regulations for the sake of growth, you would only be boosting 2%. The growth of that is not nearly worth the chaos that would ensue.

Cutting taxes for corporations does jack shit for the economy in general. Stimuluating supply means dick if you don't stimuluate demand. The extra supply that is created does not meet any increase in demand. This means there is no increase in business just because a company has more to sell. Not only that, but cutting taxes only makes the government borrow more which means more debt. The proposed republican tax cuts would add 440 billion to our national debt.

The recent "experiment" failure in Kansas' economy and the pathetic job growth under Bush proves this.

See the republicans you people elect know this. They say they want to help you but in reality they only care about keeping the wealthy happy.

The reality is that the best way to stimulate economic growth is by stimulating the middle class. That is the driving force of our consumption based economy. Republicans have barely done anything for the middle class since Reagan.

Obama's stimulus created close to 3 million jobs. Why? Because it gave the middle class the biggest middle class tax cut since Reagan. It also extended unemployment benefits for the millions who lost their jobs against their will. This allowed them to spend money they wouldn't have otherwise spent because they were unemployed.

This is what you call demand-side economics.

How does the middle class tax cuts (niggernomics) create jobs?

God you people are so thick. No wonder you vote republican. Tax cuts help the middle class spend money. They are the big spenders when it comes to economic demand in this consumer spending economy we have.

The middle class sucks, they vote for pols who tell them domestic harmony can be guaranteed through the provision of bread and circuses for the masses, and then they want tax cuts and massive borrowing so they themselves don't have to pay.

The middle class is the big problem in this country, but, it is disappearing rapidly.

You are a retard. The middle class pays half their income in taxes. They are the makers & the rich wallstreet / government are the takers. The middle class is being taxed out of existence. The rich soak up government spending & don't pay taxes, causing massive job killing inflation tax on the rest of US. Repubtards love inflation.

Bush was the most inflationary president in our lifetime. Obama killed inflation, flat-lining it during his administration.

The middle class pays half their income in taxes.

No they don't.

Obama killed inflation, flat-lining it during his administration.

What Obama policy killed inflation?
Be as specific as you can.

HE cant. He can't even read a chart. His posted chart doesnt substantiate what he wrote. He doesnt have a clue.

 

[BluesLegend]

Republicans only econonic solutions are deregulation and cutting taxes for corporations/the wealthy. Both of these methods do next to nothing to help the overall economy.

That's a flat out lie, you are either ignorant or a liar one of the two.

 

[Flash]

Republican understanding of economics is better than the Democrats but still falls short of anything acceptable because they both support the welfare state and big government, which means the economy never will be as good as it could be.

The only difference you get with Republicans is that they have a better rudimentary understanding of capitalism that seems to escape the Democrats. The know how to slightly better stimulate capitalism and the economy than the Democrats.

As "the lesser of two evils" the Republicans are always the better choice over the Democrats but that ain't saying much because the stupid Democrats set such a low bar.

 

[007]

Republicans only econonic solutions are deregulation and cutting taxes for corporations/the wealthy. Both of these methods do next to nothing to help the overall economy.

That's a flat out lie, you are either ignorant or a liar one of the two.

He's both.

 

[KissMy]

Raising minimum wage to $10 will dump over 18 million off SNAP ASAP and create as many new tax payers ASAP thus lowering deficits. It will cut demand for consumer loans thus lowering price inflation. Make wallstreet pay the same sky high tax rates as the workers & lower workers taxes. This lowers deficits & inflation while leaving more workers with their own money to spend & invest. These things are all deflationary & Repubtards hate that, they are big government inflation hogs all the way.

 

[Toddsterpatriot]

Raising minimum wage to $10 will dump over 10 million off SNAP ASAP and create as many new tax payers ASAP thus lowering deficits. It will cut demand for consumer loans thus lowering price inflation. Make wallstreet pay the same sky high tax rates as the workers & lower workers taxes. This lowers deficits & inflation while leaving more workers with their own money to spend & invest. These things are all deflationary & Repubtards hate that, they are big government inflation hogs all the way.

Raising minimum wage to $10 will dump over 10 million off SNAP

How many will it dump out of the workforce?

 

[Soggy in NOLA]

Raising minimum wage to $10 will dump over 10 million off SNAP ASAP and create as many new tax payers ASAP thus lowering deficits. It will cut demand for consumer loans thus lowering price inflation. Make wallstreet pay the same sky high tax rates as the workers & lower workers taxes. This lowers deficits & inflation while leaving more workers with their own money to spend & invest. These things are all deflationary & Repubtards hate that, they are big government inflation hogs all the way.

You can't be serious...

<facepalm>

 

[KissMy]

Raising minimum wage to $10 will dump over 18 million off SNAP ASAP and create as many new tax payers ASAP thus lowering deficits. It will cut demand for consumer loans thus lowering price inflation. Make wallstreet pay the same sky high tax rates as the workers & lower workers taxes. This lowers deficits & inflation while leaving more workers with their own money to spend & invest. These things are all deflationary & Repubtards hate that, they are big government inflation hogs all the way.

Raising minimum wage to $10 will dump over 10 million off SNAP

How many will it dump out of the workforce?

It will shrink government, lower deficit inflation & increase the workforce.

From the DOL: More than 40 percent of all SNAP participants lived in a household with earnings. For these households, earnings were the primary source of income. That is 18 million SNAP tit suckers.

 

[Toddsterpatriot]

Raising minimum wage to $18 will dump over 18 million off SNAP ASAP and create as many new tax payers ASAP thus lowering deficits. It will cut demand for consumer loans thus lowering price inflation. Make wallstreet pay the same sky high tax rates as the workers & lower workers taxes. This lowers deficits & inflation while leaving more workers with their own money to spend & invest. These things are all deflationary & Repubtards hate that, they are big government inflation hogs all the way.

Raising minimum wage to $10 will dump over 10 million off SNAP

How many will it dump out of the workforce?

It will lower deficit inflation & increase the workforce.

From the DOL: More than 40 percent of all SNAP participants lived in a household with earnings. For these households, earnings were the primary source of income. That is 18 million SNAP tit suckers.

It will lower deficit inflation & increase the workforce.

How does throwing people out of work increase the workforce?
Or lower the deficit or inflation?

 

[Toddsterpatriot]

Republicans only econonic solutions are deregulation and cutting taxes for corporations/the wealthy. Both of these methods do next to nothing to help the overall economy.

Regulations cost GDP 2% every year. Now even if you were irresponsible and stupid enough to undo ALL regulations for the sake of growth, you would only be boosting 2%. The growth of that is not nearly worth the chaos that would ensue.

Cutting taxes for corporations does jack shit for the economy in general. Stimuluating supply means dick if you don't stimuluate demand. The extra supply that is created does not meet any increase in demand. This means there is no increase in business just because a company has more to sell. Not only that, but cutting taxes only makes the government borrow more which means more debt. The proposed republican tax cuts would add 440 billion to our national debt.

The recent "experiment" failure in Kansas' economy and the pathetic job growth under Bush proves this.

See the republicans you people elect know this. They say they want to help you but in reality they only care about keeping the wealthy happy.

The reality is that the best way to stimulate economic growth is by stimulating the middle class. That is the driving force of our consumption based economy. Republicans have barely done anything for the middle class since Reagan.

Obama's stimulus created close to 3 million jobs. Why? Because it gave the middle class the biggest middle class tax cut since Reagan. It also extended unemployment benefits for the millions who lost their jobs against their will. This allowed them to spend money they wouldn't have otherwise spent because they were unemployed.

This is what you call demand-side economics.

How does the middle class tax cuts (niggernomics) create jobs?

God you people are so thick. No wonder you vote republican. Tax cuts help the middle class spend money. They are the big spenders when it comes to economic demand in this consumer spending economy we have.

The middle class sucks, they vote for pols who tell them domestic harmony can be guaranteed through the provision of bread and circuses for the masses, and then they want tax cuts and massive borrowing so they themselves don't have to pay.

The middle class is the big problem in this country, but, it is disappearing rapidly.

You are a retard. The middle class pays half their income in taxes. They are the makers & the rich wallstreet / government are the takers. The middle class is being taxed out of existence. The rich soak up government spending & don't pay taxes, causing massive job killing inflation tax on the rest of US. Repubtards love inflation.

Bush was the most inflationary president in our lifetime. Obama killed inflation, flat-lining it during his administration.

Obama killed inflation, flat-lining it during his administration.

What Obama policy killed inflation?
Be as specific as you can.

 

[KissMy]

Raising minimum wage to $18 will dump over 18 million off SNAP ASAP and create as many new tax payers ASAP thus lowering deficits. It will cut demand for consumer loans thus lowering price inflation. Make wallstreet pay the same sky high tax rates as the workers & lower workers taxes. This lowers deficits & inflation while leaving more workers with their own money to spend & invest. These things are all deflationary & Repubtards hate that, they are big government inflation hogs all the way.

Raising minimum wage to $10 will dump over 10 million off SNAP

How many will it dump out of the workforce?

It will lower deficit inflation & increase the workforce.

From the DOL: More than 40 percent of all SNAP participants lived in a household with earnings. For these households, earnings were the primary source of income. That is 18 million SNAP tit suckers.

It will lower deficit inflation & increase the workforce.

How does throwing people out of work increase the workforce?
Or lower the deficit or inflation?

It's over the head of Big Government Inflation Hogs like yourself.

 

[Mac1958]

Raising minimum wage to $18 will dump over 18 million off SNAP ASAP and create as many new tax payers ASAP thus lowering deficits. It will cut demand for consumer loans thus lowering price inflation. Make wallstreet pay the same sky high tax rates as the workers & lower workers taxes. This lowers deficits & inflation while leaving more workers with their own money to spend & invest. These things are all deflationary & Repubtards hate that, they are big government inflation hogs all the way.

Can you think of any downsides to an $18/hr minimum wage?

.