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

[kaz]

Don't you love how liberals shut down non-liberal voices in the liberal media, but when non-liberal media lets on liberal voices, the liberals quote the liberals as if they speak for whoever let them on. They do that to Fox all the time, well, even Fox thinks so and such that's liberal. They don't mention it's a liberal on Fox. And then they call Fox one sided. They are idiots, aren't they Toddster?

So, in other words, you've got nothing - no facts to back up your claims, not even a link the a Heritage Foundation study, or a Koch Brothers blog.

When you resorts to insults and personal attacks, you're admitting you've got nothing.

Here's another Forbes piece for you.

Report Walmart Workers Cost Taxpayers 6.2 Billion In Public Assistance - Forbes

When I say "liberals" are idiots, that isn't a "personal attack," moron. When I called you a "moron" that was a personal attack. See how that works?

 

[Dragonlady]

You don't know what you are talking about, this is all drivel and yes, it completely contradicts the field of economics. It agrees with liberal lawyers. Here's a tip, lawyers didn't get degrees in economics. They are lying to you. You keep parroting Harry Reid and Nancy Pelosi, it's a waste of time. You don't care what the truth is.

I don't even know what Pelosi and Reid have said. Perhaps they read the same studies, books and articles I do. I don't listen to what politicians say, because I don't trust any of them. I prefer to read people who work in the fields they're writing about.

I do look at the results of political actions - like tax cuts. I also look at what countries other than the US are doing economically, and what results they've achieved.

The US has been in decline, economically, since Reagan. You've been overtaken by China as the biggest economy in the world and India is breathing down your necks. Manufacturing is the key to a country's economic prosperity, and you've given your manufacturing to countries with cheap labour. Unless and until you bring your jobs home, your economy will continue to decline.

 

[Oldstyle]

The idea that profits take money out of the economy is pure Marxism. The field of economics says that profits are what grows the economy. Profits are the value added in the production process. You cannot grow an economy without creating value.

I'm not going to argue with you when you say the field of economics is wrong unless you can explain how you know the field of economics is wrong. That liberal lawyers told you the field of economics is wrong doesn't impress me. Sorry, sweet heart.

I didn't say the field of economics is wrong. Economists agree that tax cuts don't create jobs, that workers need to be paid a living wage, and that profits need to be better distributed to the workers. Only the GOP think this is the way to operate.

If the profits aren't re-invested in the economy where they're earned, then idle profits are taking money out of the economy. Right now, corporations are sitting on massive amounts of cash. They're not re-investing in the US economy. At best, they're using the capital to buy other companies, and laying off their workers, so the cash is being used to dispose of jobs, not create them.

Walmart used a chunk of their profits in 2013 to buy back shares. That did nothing to help the economy.

You need to get your facts straight. Try reading some of the links we posted and get back the when you have a clue, Babe.

Economists agree that tax cuts don't create jobs? Really, Dragonlady?

Here's a hint for you about economists...they come in all shapes and sizes and they very rarely agree about much of anything. It's why Economics is referred to by it's own as "the dismal science"! Whenever anyone starts an argument about economic policy by stating that economists all agree, red flags go up all over the place for me.

Tax cuts do indeed create jobs unless of course you combine those tax cuts with other policies that discourage job creation. You can give a manufacturer a tax cut but if you also propose Cap &Trade legislation that will increase their operating costs then you're not going to see a rush to invest.

Bottom line is this...jobs are created when those with investment capital believe that sufficient profit can be made to justify a risk of that capital. If the profit motive isn't there...neither will the investment capital be there!

 

[Oldstyle]

You're an idiot. Your points have been refuted over and over. I am surprised you havent been shamed into quitting.

You've refuted nothing. All you've done is sling insults, and abuse. Links? Studies? Anything to back up your claims.

Wait - there are none. That's why you don't quote them.

Would you like to take a crack at explaining why JFK advocated strongly for tax cuts to stimulate the economy back in the early 60's, Dragonlady?

 

[Oldstyle]

You don't know what you are talking about, this is all drivel and yes, it completely contradicts the field of economics. It agrees with liberal lawyers. Here's a tip, lawyers didn't get degrees in economics. They are lying to you. You keep parroting Harry Reid and Nancy Pelosi, it's a waste of time. You don't care what the truth is.

I don't even know what Pelosi and Reid have said. Perhaps they read the same studies, books and articles I do. I don't listen to what politicians say, because I don't trust any of them. I prefer to read people who work in the fields they're writing about.

I do look at the results of political actions - like tax cuts. I also look at what countries other than the US are doing economically, and what results they've achieved.

The US has been in decline, economically, since Reagan. You've been overtaken by China as the biggest economy in the world and India is breathing down your necks. Manufacturing is the key to a country's economic prosperity, and you've given your manufacturing to countries with cheap labour. Unless and until you bring your jobs home, your economy will continue to decline.

How do you propose to "bring...jobs home", Dragonlady? Tariffs? You might want to bone up on the history of how that's worked in the past...

You say you like to read up on these subjects...might I suggest you read up on the Smoot Hawley Act of 1930?

 

[kaz]

I prefer to read people who work in the fields they're writing about.

Bull, you didn't get that economic drivel from anyone in the field. That isn't how it works. Off-shoring is good for jobs because it increases efficiency, lowers prices and increases profit. Companies don't sit on cash, if they don't spend it, they invest it. They don't sit on it. You don't know what you are talking about. What you are saying is ridiculous. And it's what liberal lawyers say, not economists.

 

[The Rabbi]

Don't you love how liberals shut down non-liberal voices in the liberal media, but when non-liberal media lets on liberal voices, the liberals quote the liberals as if they speak for whoever let them on. They do that to Fox all the time, well, even Fox thinks so and such that's liberal. They don't mention it's a liberal on Fox. And then they call Fox one sided. They are idiots, aren't they Toddster?

So, in other words, you've got nothing - no facts to back up your claims, not even a link the a Heritage Foundation study, or a Koch Brothers blog.

When you resorts to insults and personal attacks, you're admitting you've got nothing.

Here's another Forbes piece for you.

Report Walmart Workers Cost Taxpayers 6.2 Billion In Public Assistance - Forbes

WalMart subsidizes the governmentn by providing a stream of income that government would otherwise have to pay.
Why is this hard for you to understand?

 

[The Rabbi]

You're an idiot. Your points have been refuted over and over. I am surprised you havent been shamed into quitting.

You've refuted nothing. All you've done is sling insults, and abuse. Links? Studies? Anything to back up your claims.

Wait - there are none. That's why you don't quote them.

Your posts speak for themselves as gross failures in understanding economics on any level.

 

[kaz]

You don't know what you are talking about, this is all drivel and yes, it completely contradicts the field of economics. It agrees with liberal lawyers. Here's a tip, lawyers didn't get degrees in economics. They are lying to you. You keep parroting Harry Reid and Nancy Pelosi, it's a waste of time. You don't care what the truth is.

I don't even know what Pelosi and Reid have said. Perhaps they read the same studies, books and articles I do. I don't listen to what politicians say, because I don't trust any of them. I prefer to read people who work in the fields they're writing about.

I do look at the results of political actions - like tax cuts. I also look at what countries other than the US are doing economically, and what results they've achieved.

The US has been in decline, economically, since Reagan. You've been overtaken by China as the biggest economy in the world and India is breathing down your necks. Manufacturing is the key to a country's economic prosperity, and you've given your manufacturing to countries with cheap labour. Unless and until you bring your jobs home, your economy will continue to decline.

How do you propose to "bring...jobs home", Dragonlady? Tariffs? You might want to bone up on the history of how that's worked in the past...

You say you like to read up on these subjects...might I suggest you read up on the Smoot Hawley Act of 1930?

Yes, efforts to stop companies from operating efficiently harm them when they have to compete with more efficient foreign companies who aren't being continually tripped by their own governments.

 

[The Rabbi]

You don't know what you are talking about, this is all drivel and yes, it completely contradicts the field of economics. It agrees with liberal lawyers. Here's a tip, lawyers didn't get degrees in economics. They are lying to you. You keep parroting Harry Reid and Nancy Pelosi, it's a waste of time. You don't care what the truth is.

I don't even know what Pelosi and Reid have said. Perhaps they read the same studies, books and articles I do. I don't listen to what politicians say, because I don't trust any of them. I prefer to read people who work in the fields they're writing about.

I do look at the results of political actions - like tax cuts. I also look at what countries other than the US are doing economically, and what results they've achieved.

The US has been in decline, economically, since Reagan. You've been overtaken by China as the biggest economy in the world and India is breathing down your necks. Manufacturing is the key to a country's economic prosperity, and you've given your manufacturing to countries with cheap labour. Unless and until you bring your jobs home, your economy will continue to decline.

Actually since LBJ. But let's not get technical.
No, Obama's economic policies have produced the worst stagnation in decades, since the 1970s. That is why China overtook the US.
Reagan reversed decades of failed policies and produced an enormous growth in GDP.

 

[The Rabbi]

You don't know what you are talking about, this is all drivel and yes, it completely contradicts the field of economics. It agrees with liberal lawyers. Here's a tip, lawyers didn't get degrees in economics. They are lying to you. You keep parroting Harry Reid and Nancy Pelosi, it's a waste of time. You don't care what the truth is.

I don't even know what Pelosi and Reid have said. Perhaps they read the same studies, books and articles I do. I don't listen to what politicians say, because I don't trust any of them. I prefer to read people who work in the fields they're writing about.

I do look at the results of political actions - like tax cuts. I also look at what countries other than the US are doing economically, and what results they've achieved.

The US has been in decline, economically, since Reagan. You've been overtaken by China as the biggest economy in the world and India is breathing down your necks. Manufacturing is the key to a country's economic prosperity, and you've given your manufacturing to countries with cheap labour. Unless and until you bring your jobs home, your economy will continue to decline.

How do you propose to "bring...jobs home", Dragonlady? Tariffs? You might want to bone up on the history of how that's worked in the past...

You say you like to read up on these subjects...might I suggest you read up on the Smoot Hawley Act of 1930?

Yes, efforts to stop companies from operating efficiently harm them when they have to compete with more efficient foreign companies who aren't being continually tripped by their own governments.

If tariffs worked East Germany would be a powerhouse.

 

[Spare_change]

It really is a wonder to me how RWS on here are still defending supply side economics. Its a complete joke. You people are either quite dumb or are in denial.

Perhaps you would like to defend the economic policies of the left? I'd be real interested in seeing what THAT looked like ...

 

[Neil N. Blowme]

When your policies fail, just call the critics "Big stinky poppy pants".

 

[Spare_change]

The idea that profits take money out of the economy is pure Marxism. The field of economics says that profits are what grows the economy. Profits are the value added in the production process. You cannot grow an economy without creating value.

I'm not going to argue with you when you say the field of economics is wrong unless you can explain how you know the field of economics is wrong. That liberal lawyers told you the field of economics is wrong doesn't impress me. Sorry, sweet heart.

I didn't say the field of economics is wrong. Economists agree that tax cuts don't create jobs, that workers need to be paid a living wage, and that profits need to be better distributed to the workers. Only the GOP think this is the way to operate.

If the profits aren't re-invested in the economy where they're earned, then idle profits are taking money out of the economy. Right now, corporations are sitting on massive amounts of cash. They're not re-investing in the US economy. At best, they're using the capital to buy other companies, and laying off their workers, so the cash is being used to dispose of jobs, not create them.

Walmart used a chunk of their profits in 2013 to buy back shares. That did nothing to help the economy.

You need to get your facts straight. Try reading some of the links we posted and get back the when you have a clue, Babe.

Economists don't agree to anything of those things you claim ... those are politicians.

Now, as for the rest of this ....

"If the profits aren't re-invested in the economy where they're earned, then idle profits are taking money out of the economy. Right now, corporations are sitting on massive amounts of cash. They're not re-investing in the US economy"

Pure nonsense .... it is the movement of corporate money that has generated the movement in the stock market. They have released their money to pay off debts, internal upgrades, and create more professional production.

You fail to ask yourself about WHY they were setting on that money ... it was because of the volatility created by the Obama administration. Businesses had no idea whether there were going to be tax increases, onerous regulations, or suffocating healthcare costs. The only thing business hates more than new taxes is uncertainty. They couldn't invest a million dollars today only to find out they were going to have to sell off in order to pay repressive healthcare costs. So, they sat on it ...

But, what did they do with that money? They put it in bank accounts, safe investments, etc. And, what happens to that money? It is loaned out to borrowers .... why do you think the interest rate on houses, cars, etc., went down so significantly? Because there was more money available to be loaned out. That left you more money to spend on the economy.

The money they invested, or saved, makes them a stronger company, more resilient. Since YOUR 401(k), or your IRA, own some of those shares, it increased your net worth. And, you have the audacity to complain??

"Walmart used a chunk of their profits in 2013 to buy back shares. That did nothing to help the economy."

What does that mean? Walmart paid off debts ... money that can be used by the lenders to re-invest in the economy. That is what shares are .... YOUR 401(k) sold its shares back to the company, which, in turn, allows YOUR 401(k) to reinvest. And, if your 401(k) didn't sell back its shares, you are now the proud part owner of more valuable and stronger stock. Why in the world would you complain about that?

Study 'velocity of money' ... you most assuredly need it.

 

[Toddsterpatriot]

The idea that profits take money out of the economy is pure Marxism. The field of economics says that profits are what grows the economy. Profits are the value added in the production process. You cannot grow an economy without creating value.

I'm not going to argue with you when you say the field of economics is wrong unless you can explain how you know the field of economics is wrong. That liberal lawyers told you the field of economics is wrong doesn't impress me. Sorry, sweet heart.

I didn't say the field of economics is wrong. Economists agree that tax cuts don't create jobs, that workers need to be paid a living wage, and that profits need to be better distributed to the workers. Only the GOP think this is the way to operate.

If the profits aren't re-invested in the economy where they're earned, then idle profits are taking money out of the economy. Right now, corporations are sitting on massive amounts of cash. They're not re-investing in the US economy. At best, they're using the capital to buy other companies, and laying off their workers, so the cash is being used to dispose of jobs, not create them.

Walmart used a chunk of their profits in 2013 to buy back shares. That did nothing to help the economy.

You need to get your facts straight. Try reading some of the links we posted and get back the when you have a clue, Babe.

Economists agree that tax cuts don't create jobs

No they don't.

Right now, corporations are sitting on massive amounts of cash.

Could be related to our highest in the world corporate tax rates. And uncertainty about the next stroke of Obama's pen.

Walmart used a chunk of their profits in 2013 to buy back shares. That did nothing to help the economy.

Because the stock sellers ate the cash? LOL!
Stupid liberal.

 

[Spare_change]

It really is a wonder to me how RWS on here are still defending supply side economics. Its a complete joke. You people are either quite dumb or are in denial.

Ironic post is ironic.
Billy, you can hardly spell supply side economics, much less explain what it is,much less critique it.
You have 90 pages showing your post is a failure and a troll.

No, we have 90 pages of kicking right wing butt on the economy, and demonstrating why his original post is bang on. You are one of the contributors who has done more than most to demonstrate your total ignorance of economics.

Thank you for your contributions.

Actually, what we have is 90 pages of ignorance demonstrated by you and others, who have no understanding of how the economy works. Your ignorance has been demonstrated several times, but you ignore the possibility - remote, though it might be - that you might be wrong, and come back spreading the same unmitigated garbage time after time.

You don't use logic - you use emotion. "It doesn't feel right, so it can't be right". You seriously need to get some education on how the economy really works .... until then, you're just embarrassing yourself.

 

[Toddsterpatriot]

Don't you love how liberals shut down non-liberal voices in the liberal media, but when non-liberal media lets on liberal voices, the liberals quote the liberals as if they speak for whoever let them on. They do that to Fox all the time, well, even Fox thinks so and such that's liberal. They don't mention it's a liberal on Fox. And then they call Fox one sided. They are idiots, aren't they Toddster?

So, in other words, you've got nothing - no facts to back up your claims, not even a link the a Heritage Foundation study, or a Koch Brothers blog.

When you resorts to insults and personal attacks, you're admitting you've got nothing.

Here's another Forbes piece for you.

Report Walmart Workers Cost Taxpayers 6.2 Billion In Public Assistance - Forbes

If WalMart fired those workers, would public assistance cost more or less?

 

[Spare_change]

You don't know what you are talking about, this is all drivel and yes, it completely contradicts the field of economics. It agrees with liberal lawyers. Here's a tip, lawyers didn't get degrees in economics. They are lying to you. You keep parroting Harry Reid and Nancy Pelosi, it's a waste of time. You don't care what the truth is.

I don't even know what Pelosi and Reid have said. Perhaps they read the same studies, books and articles I do. I don't listen to what politicians say, because I don't trust any of them. I prefer to read people who work in the fields they're writing about.

I do look at the results of political actions - like tax cuts. I also look at what countries other than the US are doing economically, and what results they've achieved.

The US has been in decline, economically, since Reagan. You've been overtaken by China as the biggest economy in the world and India is breathing down your necks. Manufacturing is the key to a country's economic prosperity, and you've given your manufacturing to countries with cheap labour. Unless and until you bring your jobs home, your economy will continue to decline.

You could have stopped after the first four words .... [You] don't even know. You're way over your head.

 

[Dragonlady]

Economists don't agree to anything of those things you claim ... those are politicians.

Now, as for the rest of this ....

"If the profits aren't re-invested in the economy where they're earned, then idle profits are taking money out of the economy. Right now, corporations are sitting on massive amounts of cash. They're not re-investing in the US economy"

Pure nonsense .... it is the movement of corporate money that has generated the movement in the stock market. They have released their money to pay off debts, internal upgrades, and create more professional production.

You fail to ask yourself about WHY they were setting on that money ... it was because of the volatility created by the Obama administration. Businesses had no idea whether there were going to be tax increases, onerous regulations, or suffocating healthcare costs. The only thing business hates more than new taxes is uncertainty. They couldn't invest a million dollars today only to find out they were going to have to sell off in order to pay repressive healthcare costs. So, they sat on it ...

But, what did they do with that money? They put it in bank accounts, safe investments, etc. And, what happens to that money? It is loaned out to borrowers .... why do you think the interest rate on houses, cars, etc., went down so significantly? Because there was more money available to be loaned out. That left you more money to spend on the economy.

The money they invested, or saved, makes them a stronger company, more resilient. Since YOUR 401(k), or your IRA, own some of those shares, it increased your net worth. And, you have the audacity to complain??

"Walmart used a chunk of their profits in 2013 to buy back shares. That did nothing to help the economy."

What does that mean? Walmart paid off debts ... money that can be used by the lenders to re-invest in the economy. That is what shares are .... YOUR 401(k) sold its shares back to the company, which, in turn, allows YOUR 401(k) to reinvest. And, if your 401(k) didn't sell back its shares, you are now the proud part owner of more valuable and stronger stock. Why in the world would you complain about that?

Study 'velocity of money' ... you most assuredly need it.

Walmart isn't re-investing in the economy. They're leeching cash out of to pass on to the Walton Family. They're destroying downtown business districts and good paying jobs, gutting the business tax base. And using taxpayer money to subsidize it all. When even Forbes is criticizing a corporation's business practices, you have to know they're beyond predatory.

 

[zeke]

Walmart isn't re-investing in the economy. They're leeching cash out of to pass on to the Walton Family. They're destroying downtown business districts and good paying jobs, gutting the business tax base. And using taxpayer money to subsidize it all. When even Forbes is criticizing a corporation's business practices, you have to know they're beyond predatory.

You do a nice job presenting real good information to a group of willful idiots (you know who I'm thinking of). Doing that shows a level of both determination and optimism that is impressive. Happy New Year to you.