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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 11:59:30 AM   
NewOCDaddy


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quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: NewOCDaddy


quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: NewOCDaddy

quote:

ORIGINAL: housesub4you

Gee....it seems for the last 2 years one of the sounds bites used often by the GOP and Faux News is how BAD Obama and his plan is for business in this country.   Remember how the auto loan by the government would end the free market system as we know it????? 

Yet...according to Forbes..the top 500 companies had profits increase by 81% last year  all the while the workers had their wages stalled....


All told, the Fortune 500 generated nearly $10.8 trillion in total revenues last year, up 10.5%. Total profits soared 81%. But guess who didn’t benefit much from this giant wave of cash? Millions of U.S. workers stuck mired in a stagnant job market. [...] Nevertheless, we’ve rarely seen such a stark gulf between the fortunes of the 500 and those of ordinary Americans.




If you had a clue about economics you would know that the current tax and regulatory environment is as effective a dam against domestic economic growth as there can be. Watch where those profits get invested...because they always have been and always will...just not here without major changes.


That's good to know Willbeur.

Now can you explain how those profits occurred in what we have been repeatedly told, by you and others, is an anti-business administration?



You might want to look at the source of the profits. Hint: it wasnt increased revenues.


Then what was it economic guru?



cost cutting, shifting of revenue recognition due to expectations that capital gains tax rates would increase at the end of 2010 and the expiration of a large portion of depreciation writeoffs.

(in reply to rulemylife)
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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 12:00:11 PM   
rulemylife


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quote:

ORIGINAL: ChatteParfaitt

quote:

What happened to the "Trickle Down Theory"?


It trickled away.



I prefer to call it the Golden Shower Theory.

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 12:01:24 PM   
Lucylastic


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Status: offline 		golden drip theory more like, in the end...
*got my mac on*


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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 12:02:12 PM   
mnottertail


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Status: offline 		Laying off workers and shifting revenues out of the country to tax havens, raising prices based on speculation.  Same as always, don't fuck around, say it like it is.

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 12:09:49 PM   
rulemylife


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quote:

ORIGINAL: NewOCDaddy

cost cutting, shifting of revenue recognition due to expectations that capital gains tax rates would increase at the end of 2010 and the expiration of a large portion of depreciation writeoffs.


You crack me up Willbeurr.

Are you seriously going to to try to make an argument that cost cutting resulted in those huge profits?

But let's move on to who expected the capital gains tax rate to increase?  There was certainly no indication that this was even being considered.

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 12:14:48 PM   
NewOCDaddy


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quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: NewOCDaddy

cost cutting, shifting of revenue recognition due to expectations that capital gains tax rates would increase at the end of 2010 and the expiration of a large portion of depreciation writeoffs.


You crack me up Willbeurr.

Are you seriously going to to try to make an argument that cost cutting resulted in those huge profits?

But let's move on to who expected the capital gains tax rate to increase?  There was certainly no indication that this was even being considered.



Cost cutting was a significant part of them, yes.

No indication that capital gains tax rates would increase? (and dividend rates as well?)

Is it tax laws or your memory of exactly when the vote to continue the Bush tax cuts was passed that fails you?

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 12:22:29 PM   
mnottertail


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Status: offline 		Pure unadulterated horseshit.

Increased productivity by doing more (shoddily) with fewer workers domestically. And sending jobs overseas.

Thats it.  Tax the shit out of these destroyers of america and run them the fuck out, sieze their assets first though.

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 12:30:21 PM   
Slavehandsome


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Status: offline 		The Trickledown Theory went the way of many other political slogans, like "No New Taxes", "A Kinder, Gentler Nation", "Compassionate Conservativism", "Change", "No Child Left Behind", "Freedom", "Liberty", "Pursuit Of Happiness", "A Chicken In Every Pot", "A Great Nation", the idea of a "Constitution", "Democracy", a "Free Market", "Patriotism", and the list goes on. The Pentagon simply refers to all this verbage as PsyOps. Look it up.


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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 12:35:22 PM   
flcouple2009


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Status: offline 		It trickled away

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 12:43:25 PM   
rulemylife


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quote:

ORIGINAL: NewOCDaddy

Cost cutting was a significant part of them, yes.

No indication that capital gains tax rates would increase? (and dividend rates as well?)

Is it tax laws or your memory of exactly when the vote to continue the Bush tax cuts was passed that fails you?


Uh.......no, I think it fails you.

What did the Bush tax cuts have to do with the capital gains tax?

It was never on the table.



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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 1:16:37 PM   
Edwynn


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~ FR ~


You all keep saying this as if anything resembling facts actually matters to a jack ass.


When they wanna bray, they are going to bray.





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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 1:20:43 PM   
Musicmystery


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Status: offline 		house,

Times have changed since Reagan's experiment. We now have a two-tiered economy. The upper one is prospering. The lower one is currently stagnant. That's not going to change until credit finally thaws and banks/businesses stop just sitting on cash.

People are going to have to educate themselves--seriously educate themselves--about how the economy works. Only then will they be able to pull themselves up. The old model of getting a good job and being set is gone.

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 2:46:48 PM   
NewOCDaddy


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quote:

ORIGINAL: Musicmystery

house,

Times have changed since Reagan's experiment. We now have a two-tiered economy. The upper one is prospering. The lower one is currently stagnant. That's not going to change until credit finally thaws and banks/businesses stop just sitting on cash.

People are going to have to educate themselves--seriously educate themselves--about how the economy works. Only then will they be able to pull themselves up. The old model of getting a good job and being set is gone.


It will take more than a better credit environment. (There is plenty of cheap money available, companies don't want to invest right now with such an uncertain outlook.)

One or both of two additional elements are needed...attract manufacturing businesses back to the US or a breakthrough in some area on the order of the PC. Growth in income for the 9-5 er requires economic growth in excess of 3-4% per year, while the wealthy have the luxury of being able to shift their investments from sector to sector and increase their wealth without overall economic growth. That is one of the primary reasons for the widening income gap.


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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 2:49:13 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		You contradict yourself again.  Not only that, but you are wrong as usual.  There is money being invested overseas at a good clip.  They are indeed still sitting on a pile of money, but it ain't going to end up in anyones pockets at this table. 

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 2:56:38 PM   
Musicmystery


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Status: offline 		Further, domestic manufacturing is (and has been) growing, primarily to replace depleted inventories. It hasn't generated jobs because productivity has soared (which will benefit us long term).

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 3:11:53 PM   
NewOCDaddy


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quote:

ORIGINAL: Musicmystery

Further, domestic manufacturing is (and has been) growing, primarily to replace depleted inventories. It hasn't generated jobs because productivity has soared (which will benefit us long term).


Well, that depends on the "us". Productivity gains means that companies continue or expand growth with fewer/less costly inputs including labor. Thus wages get depressed and unemployment grows. Voila, widening income gap redux (except to the extent that 401(k)s and IRAs benefit). The kind of growth that actually does produce "trickle down" effects will still take the two things I mentioned. Lack of recogniton of that (or intentional disregard because economic policy is set by the "haves") is why this administration will not have any better economic conditions to run on in 2012, and its the economy, not OBL (with or without spiking the ball) that will determine the election.

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 3:19:41 PM   
MrRodgers


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quote:

ORIGINAL: Fellow

quote:

Remember how the auto loan by the government would end the free market system as we know it?????


Auto loan was a subsidy for car dealerships and producers. Benefit for consumers was just a by-product and illusory (other consumers paid for it with taxes).

...yea man, like defense, justice, agriculture, banking, and all of the rest ?

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 3:26:55 PM   
MrRodgers


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quote:

ORIGINAL: Edwynn
quote:

ORIGINAL: NewOCDaddy

If you had a clue about economics you would know that the current tax and regulatory environment is as effective a dam against domestic economic growth as there can be. Watch where those profits get invested...because they always have been and always will...just not here without major changes.

"If you had a clue about economics ... "

Which you obviously lack, so quit bitching about others in that regard.

Sweden and Germany and Denmark and some others have plenty of domestic investment, in direct contravention to your and the media's silly crap in futile argument elsewise as to this country.

Plug it.

Enough damage has been done here already.

They refuse to understand or admit that there is no such thing as 'corporate America' as they have been investing Billion$...all over seas. They go there for the oppressed labor. All that exists in the corporate world is differing tax regimes and otherwise they ply their propaganda on those still willing to believe...far too many Americans.

Kinkroids recall...slaves had jobs

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 3:33:30 PM   
MrRodgers


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quote:

ORIGINAL: ChatteParfaitt

quote:

What happened to the "Trickle Down Theory"?


It trickled away.

I wish but a large majority in the HOR repubs still say they 'believe' it. From what they have put forth, they prove it. You see in congress...it 'pays' to 'believe it'.' It goes from those who benefit to those who do their bidding...not the economy as we know 'corporate America' does NOT create any net new jobs in the US.

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RE: What happened to the "Trickle Down Theory"? - 5/5/2011 3:36:48 PM   
Slavehandsome


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Status: offline 		MusicMystery,

To quote you "Only then will [the people] be able to pull themselves up", that seems an off comment. Do you not believe that the people (govt.) who we pay taxes to have a responsibility to the American taxpayers, to conduct themselves with stewardship with our money, so that we taxpayers won't have to "pull ourselves up"? Surely you don't think the American taxpayers are on their own, alone for their futures? Where's the patriotism, and the sense of country in that? Isn't it that same patriotism and sense of country that demands we send our men overseas to fight wars which the United Nations has declared to be illegal? Don't forget now, George W. Bush said "You're either with us, or with the terrorists", which I guess means that the United Nations sided with the terrorists.

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