Doc7505
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- Feb 16, 2016
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Say, Looks Like That Supply-Side Stuff Works After All

Say, Looks Like That Supply-Side Stuff Works After All
Every lawmaker who supports Bidenomics should be fired, with prejudice, the next time their seat comes up for election.

Bidenomonics has been, and will continue to be, a disaster. This is what happens when lawmakers manipulate economies. No one should ever expect a different outcome when politicians enact ideas that they believe are so brilliant that they will overcome the laws of economics. The way out of this mess is to make a policy U-turn to both unleash the economy and expand precious liberty.
President Joe Biden last week bragged that his economic policies ā straight from the Democrats blueprint that says āborrow, tax, spend, regulate, then do it all againā ā are working. But as weāve noted, Bidenomics has been a wreck, a flop that is taking us into a recession.
Not only did Biden openly boast as our sclerosis grows worse, he also, as Democrats always do, took a jab at ātrickle-down economics,ā claiming it has āfailed the middle class ⦠failed America ⦠blew up the deficitā and āincreased inequity.ā
He probably would have blamed the Canadian wildfires on ātrickle-down economicsā had he thought about it. But thereās not much thinking going on in his head ā and in fact there never has been, with his ungovernable mouth leading the way throughout his career as an elected grifter.
~Snip~
We donāt see Biden or any other Democrat ever coming around to supply-side economic policies, the correct terminology for what they sneeringly call ātrickle-down economics,ā which asserts that lower taxes and less regulatory meddling fuel economic growth. Yet they are exactly what our economy ā any economy ā needs, now and forever.
In our post-lockdown world, the states that have the strongest economic recoveries are the red ones on the map. And what do they have in common? Low taxes and light regulation.
We can see this vividly in the rankings of states that have had the greatest increases in hiring over the last year. Of the top 10, only two are blue, or Democratic, states.
~Snip~
Democrats are stubborn animals who will continue to take two-by-fours upside their heads and swear that the blows donāt hurt and thereās no damage done. So we canāt under any circumstances foresee them ever abandoning their policy preferences, from busted Obamanomics to neo-Marxist Sandynomics to baffled-by-his-own-BS Bidenomics, that cause so much harm. Which is why we need a real red wave in 2024 rather than another ebbing tide like the one we had last year.
Commentary:
Before one declares that Bidenomics is ``Not Working``, one needs to discern the goals of Bidenomics. One might find that Bidenomics is, indeed, Working as designed to destroy te economy and America.
The big takeaway from this article is that lower taxes and light regulation actually increases tax revenues. This is because:
1) productive economic effort is rewarded, and
2) there is less incentive to avoid taxes (e.g., people fleeing CA, NY, and IL).
At the Federal level, look what the Reagan Tax Cuts did for the disastrous Carter and Obama economy; one of the longest sustained growth periods of US economic growth ever. Did the Democrats learn the lesson? No! because to them higher taxes is the means to attaining more power.
While it is a current trend to use the term āBidenomicsā when referring to the abject failure of so many infrastructure sub-systems and supply chain shortages including baby formula, we should probably be calling it āObamanomicsā.
Remember āWe are going to change your world as you know it.ā No one thought to ask what his objective actually was..