DomKen
Posts: 19457
Joined: 7/4/2004 From: Chicago, IL Status: offline
|
quote:
ORIGINAL: HunterCA quote:
ORIGINAL: DomKen quote:
ORIGINAL: HunterCA quote:
ORIGINAL: Lucylastic yeah because LMAO how many millions of jobs were lost in the past decade? How many companies shut down, technology is getting rid of jobs, higher demands by shareholders, trickle down economics? Entry level is all some people have and will have....to survive on. Yet you wanna castigate them for taking the only jobs they can find, of course they are the problem.... fucking typical LMAO, there is actually no such thing as trickle down economics. That term was invented by liberals, as they so often do, to ridicule things they couldn't argue, exactly as you do here. Economics, basically is supply and demand. Supply side economics, as implemented by Reagan, was also how Kennedy wanted to jump start the economy after WWII and Korea forced the US into using a sluggish economy as a way to divert material to the wars. WTF? The economy through the 50's grew at levels that are far higher than anything we've seen under supply side stupidity. The fact is that supply side economics has destroyed the US economy and no legitimate economist even still considers it worth debating. The only place supply side is still believed is in far right politics where it is simply an object of faith despite decades of failure. My comment was with respect to a person using derision as argument. JFK stated he wanted to cut taxes from high wartime level to stimulate the economy. Argue your point with him. I use the point because Kennedy is apparently a god to liberals and the only reason that supply side economics became derisive in the left is because Reagan employed it and the left hates Reagan. As to your point about the system working or not, compare the Reagan recovery to the Obama, or even FDR, recovery and what you argue just isn't true. It's just residual hatred from the left. Bullshit!!!!!! Cutting taxes is not supply side economics. JFK cut taxes on the top earners because the tax rate was confiscatory. He did not do it to stimulate production as there was no problem, real or perceived with production. Supply side economics is a discredited school of thought that says that stimulating production, by any means, is more important than stimulating demand. It just happens that the most common method employed by the idiots that believe in such stupidity is to cut taxes on the wealthy.
|