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

[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?

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

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

I agree, your imaginary scenario that will throw people out of work is over everyone's head.

 

[whitehall]

Democrats created the time bomb of reckless loans by Fannie Mae during the Clinton administration. Democrats forced banks to make bad loans or risk civil rights litigation. Just like the organized crime crooks that they were, democrats created a scheme where bad loans would be bundled with good loans and sold to lending institutions as good loans while they created no show jobs on the Fannie board as political payback mostly awarded to democrats. When democrats gained the majority in both houses in Bush's 2nd term the first thing they took up in the senate was steroid use in baseball. It shows that they had no understanding of economics or they were planning an economic coup. Meanwhile the chairperson of the House Banking Committee which had oversight responsibility for Fannie told America that Fannie was solvent and doing fine when it was on the verge of bankruptcy. It's clear that democrats in the House had little understanding of economics either. Now we get to Barry Hussein who's first program was the laughable "cash for clunkers". It's clear the democrat president doesn't have any concept of economics either.

 

[KissMy]

Republicans exploded inflation, destroyed 18 million jobs & increased SNAP recipients by 30 million people. Democrats have restored 10.5 million jobs, but thanks to the massive inflation explosion Republicans left us with we have 18 million in working households still on the government SNAP tit. $10 minimum wage will fix that problem by dumping 18 million off SNAP & create more jobs.

 

[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.

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

Wrong! He is both!

 

[The Rabbi]

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.

Bullshit. Every word. Including "and" and "but"

 

[The Rabbi]

Republicans exploded inflation, destroyed 18 million jobs & increased SNAP recipients by 30 million people. Democrats have restored 10.5 million jobs, but thanks to the massive inflation explosion Republicans left us with we have 18 million in working households still on the government SNAP tit. $10 minimum wage will fix that problem by dumping 18 million off SNAP & create more jobs.

Bullshit.
Inflation dropped under Bush.
Food stamp enrolled skyrocketed under Obama.
Household income is flat for the last 6 years
Increasing min wage will cost jobs.

 

[KissMy]

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

 

[The Rabbi]

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

Thanks for proving yet one more time you cannot read a chart and understand what it says
Let's prove it:
Tell me what you think this chart demonstrates.

 

[Toddsterpatriot]

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.

Which Obama policy was responsible for killing inflation?
Be specific.

 

[Claudette]

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.

I'm not a Republican but I know for a fact that our country is broke.

No one needs to understand economics to understand that.

 

[KissMy]

BLS: The Producer Price Index for final demand fell 0.2 percent in November

BLS: Total nonfarm payroll employment increased by 321,000 in November, and the unemployment
rate at 5.8 percent.

 

[Listening]

Republican Governors Scott Walker and John Kasich are kicking ass with their policies.

Billy....STFU

 

[The Rabbi]

BLS: The Producer Price Index for final demand fell 0.2 percent in November

BLS: Total nonfarm payroll employment increased by 321,000 in November, and the unemployment
rate at 5.8 percent.

Yeah thats proof of your ignorance, nothing more.

 

[LogikAndReazon]

Its civil sevants massive spending and redistribution that creates growth ! Really !!!! Lmfao

 

[Listening]

I love how Billy talks economics but does nothing to show us numbers.

He keeps spouting the same stupid meme about velocity, but provides no proof.

His comeback...prove me wrong....which says: I have not proved it, but I'm still gonna stand by it...until you prove me wrong.

Billy...STFU

 

[Uncensored2008]

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.

What an utterly stupid assertion. One based on nothing save stupidity.

Oh and sploogy, taxes are taken out of my check every payday - you demand that I be taxed AGAIN on the same money for daring to invest in hopes of one day retiring.

 

[Uncensored2008]

You can't be serious...

<facepalm>

She read it on Alternet, has no clue what it means, but will defend it to the death....

THIS is what we face, the arrogance of ignorance.

 

[Listening]

Its civil sevants massive spending and redistribution that creates growth ! Really !!!! Lmfao

Raise taxes....

Raise the minimum wage.....

Raise educational spending.....

Raise, raise...raise.....

We'll be heaven.

 

[Uncensored2008]

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.

Sploogy, what happened when the democrats forced Obama's Fascist care on the nation? Did any business cut hours to avoid the penalty of fascist care? Did people lose their jobs?

You of the left claimed it would "help the poor," but did it? Or did it harm the poor by pushing millions into part time status and millions more out of jobs?

 

[Uncensored2008]

Republicans exploded inflation, destroyed 18 million jobs & increased SNAP recipients by 30 million people. Democrats have restored 10.5 million jobs, but thanks to the massive inflation explosion Republicans left us with we have 18 million in working households still on the government SNAP tit. $10 minimum wage will fix that problem by dumping 18 million off SNAP & create more jobs.

You have no idea at all what the words you use mean, do you? You have no idea what inflation is.