Mercnbeth
Posts: 11766
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quote:
It is interesting to read your contention that taxing and regulation have caused stagflation, while completely ignoring things like a stupid invasion and occupation of a foreign country, cutting interest rates, high risk loans to consumers, borrowing money from China, the doubling of the cost of a barrel of crude oil, the destruction of oil refineries on the gulf coast, and the Corporatocracy raping the treasury.
Please clarify why, if taxes and regulation cause stagflation, havent the numerous tax cuts and the deregulation by the Republicans and the Dipshit in Chief prevented it?
I tried editing after posting, because that's what I would have concluded taking the I took in isolation. The issues you raise are, of course, also valid contributory causes.
Of course we should totally abandon the middle east in totality, not just Iraq, and let the countries involved get on with their 5000 year battle to kill each other. I'm thinking the Democratic technology can protect us should Israel run our of counter strike nuclear weapons.
I definitely think all the fools who banked on continuing low interest rates, who bought homes they couldn't afford should be parted from their money. Eliminate the entire house of cards by eliminating the RE interest deduction and you'll have a true market for real estate and for interest rates. Take it a step further and go to a flat tax with a trigger at $35k single $50k couple/family; or a consumption tax. However a 'consumption' tax hurts low income consumers more than any other.
How would you address the Gulf? How do you reconcile the environmentalists with the oil companies wanting to reconstruct the rigs and refineries? Have you read the details regarding the situation? Assuming you are talking about the decreased oil production from the area and not focusing on the government's response time.
If you bother to read the results of past tax cuts and deregulation you'll see that the have had a positive result. Every single time, MORE tax revenue dollars have come into the economy. The result turns negative when the benefiting government spends the benefit on adding to failed social income redistribution programs. The short falls occur when the surplus is used to start a new program, say school lunches, and the program and bureaucracy grows and it becomes an entitlement. Any economic downturn results in a shortage and what was a 'surplus' initiated program becomes an expected entitlement program. That's why these tax cuts fail long term - the politicians, at the behest of their corporate owners, set up corporate benefiting programs. Meanwhile parents no longer think feeding their child is a responsibility, much of the food is tossed out, and the corporate farms and distribution networks continue to pay politicians to keep those programs in place. It happens in food, education, transportation, housing, and financing. The shortages occur because the goal of the Corporate politicians is to have ALL money ultimately pass through the government for distribution back to the Corporations.
Sometimes they even get inventive and create new 'doomsdays' to create new industries. The latest is 'Global Warming' a industry created by and for the benefit of Corporations. This one is so good and so well thought out, I wish I thought of it. It's a religion, 'faith based' - where non believers are pointed to as pariah, soon to be burned at the stake, if they can figure a way not to do so with carbon offsets. Every 'exceptional' weather occurrence is a 'miracle' attributed to the religion. We really haven't progressed much as a species going from believing a statue cries blood to a glacier melting and interpreting it to suit a religious dogma. I was wondering where all the ex-catholics went.
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We hope to go to the munch, but as I have posted elsewhere, I had surgery last week and it depends on my energy level as the day goes on. Great! The Bob's munch is a lot less strenuous than the National Sports bar version where there is more walking around and the potential of pool being played.
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RE: Stagflation looming? - 
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