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Thread: Warren Buffet: 'Trickle Down' Theory Doesn't Work

  1. #351
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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Top Cat View Post
    Bush was only President one year? Who knew?
    That seems to be what those that want to demonize Bush believe while ignoring the economic results up to 2008. I will take the Bush average over the Obama average in every category.

    regarding getting Bin Laden, congratulations, now tell me how that puts 24 million unemployed/under employed Americans back to work and reduces the national debt?

    As for the "Arab Spring" doesn't look like that one is turning out so well or don't you get the news out of the Middle East?

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    I'm still waiting for a someone to explain to me how increasing barriers, including ( but not limited to) increasing taxes and regulations, on the ability of people to produce goods is going to lead to economic prosperity for all.


    i'm of the mind that supply and demand kinda run hand in hand.. so i find it disconcerting that one would discount supply in favor of demand or vice versa.
    I find staunch supporters of either supply side or demand side economics to be equally politically/ideologically driven and ..well.. insane.

    I believe supply side economics to be the purvey of government policy...and demand side economics to be the purvey of the private sector...by that i mean that the barriers to supply are most efficiently influenced by government policy ( as most barriers to supply are the government policies themselves) but government policy can do very little to affect demand.( the barriers on demand are not put in place by government policy, thus they cannot be taken away by government policy).
    that is not an absolute belief mind you, as there are exceptions to everything... but in a general sense I find it to be true.

    I would suggest, in times such as these , that we implement ( on every level of government) some sound supply side policies... most notably, the removal of barriers to innovation, business start-ups, production, manufacturing, etc... and certainly not , as some folks tend to think of supply side economics overall, "tax cuts for the rich".
    tax policy can surely be part of this, but taxes are not the biggest barriers to keep in mind.... we effectively close off many many industries to new entries .. we have simply made it very difficult to new-comers to enter an industry..we have made innovation a very risky endeavor indeed.
    ( a quick example i use is that of a taxi driver... and the fact that you are disallowed from grabbing your car and selling rides in it.. entry into this industry is severely curtailed .. unless you happen to be the 1 or 2 cab companies that already exist in your locale and have a quasi-monopoly on the market.)
    the biggest problem I see with implementing demand side policies, is that they are effectively negated by the habit of people saving in bad times ( a natural human behavior indeed), I think government policy is inefficient in overcoming this.

    i think people need to rethink their idea of supply side economics... it is entirely possible to support the middle class and supply side economics in one fell swoop.. and it's entirely possible to implement supply side policies that are not just "favors for the rich'.
    the very idea that "the supply side = the rich" and "the demand side = everyone else" is severely flawed... and i also think it is detrimental to the health of our economy to choose one side over the other.

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Thrilla View Post
    I'm still waiting for a someone to explain to me how increasing barriers, including ( but not limited to) increasing taxes and regulations, on the ability of people to produce goods is going to lead to economic prosperity for all.
    I'm happy to explain it to you. The president has not proposed increasing barriers, he has proposed targeted tax cuts for those that produce US jobs and eliminating tax breaks for those that only receive them because they are rich. Health and environmental regulations prevent the pollution and health damage that cost our economy more in the the long run.

    We've had far too much short-sighted in actions in the past. We don't have the luxury today to keep making the same mistakes. Why would any sane person wish to repeat the a same deregulation and supply side economics of the last decade that almost brought us to another Great Depression???

    Hope that helps!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Conservative View Post
    That seems to be what those that want to demonize Bush believe while ignoring the economic results up to 2008. I will take the Bush average over the Obama average in every category.
    Really? Color me stunned.

    regarding getting Bin Laden, congratulations
    I'm sure he appreciate it very much.

    ,
    now tell me how that puts 24 million unemployed/under employed Americans back to work and reduces the national debt?
    Don't look now, but the economic indicators are continuing to rise. Must suck to know it's going to be 4 more years. But you are right, cleaning up Dubya's mess has been a huge chore.

    As for the "Arab Spring" doesn't look like that one is turning out so well or don't you get the news out of the Middle East?
    Well of course whatever happens over there is his doing.

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Top Cat View Post
    Really? Color me stunned.

    I'm sure he appreciate it very much.

    Don't look now, but the economic indicators are continuing to rise. Must suck to know it's going to be 4 more years. But you are right, cleaning up Dubya's mess has been a huge chore.

    Well of course whatever happens over there is his doing.
    As is the debt, as is the misery index, as are the discouraged workers. Don't you find it interesting that with such improving numbers that Obama's Approval rating wouldn't be at least as good as the election results of 2008?

    I continue to be amazed at how naive, gullible, and misinformed Obama supporters are. They want so badly to believe what they are told and yet the facts simply get in the way of their opinions. It really is a shame seeing such a once great country end up a second class country with class warfare, jealousy, and total ignorance prevailing.

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Catawba View Post
    I'm happy to explain it to you. The president has not proposed increasing barriers, he has proposed targeted tax cuts for those that produce US jobs and eliminating tax breaks for those that only receive them because they are rich. Health and environmental regulations prevent the pollution and health damage that cost our economy more in the the long run.

    We've had far too much short-sighted in actions in the past. We don't have the luxury today to keep making the same mistakes. Why would any sane person wish to repeat the a same deregulation and supply side economics of the last decade that almost brought us to another Great Depression???

    Hope that helps!
    no, it didn't help... too long on political rhetoric and too short on specifics.

    by the way, if supply side economics is such an abject failure, why does Obama engage in supply side tax policies?.. and furthermore, why aren't you outraged at him doing so?

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Conservative View Post

    I continue to be amazed at how naive, gullible, and misinformed Obama supporters are. .
    Hardly as amazed as those on the left are at the sheep who drink at the Fox well.

    Meanwhile...4 more years..

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Top Cat View Post
    Hardly as amazed as those on the left are at the sheep who drink at the Fox well.

    Meanwhile...4 more years..
    Let's see, in four more years the debt will be almost 20 trillion dollars with more and more people dependent on the govt. You continue to buy what you are told but ignore the facts. Says a lot about you. What is it about liberalism that creates this kind of loyalty especially from someone who claims to be older than you appear?

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    Quote Originally Posted by Conservative View Post
    Let's see, in four more years the debt will be almost 20 trillion dollars with more and more people dependent on the govt. You continue to buy what you are told but ignore the facts.
    Your version of facts are known in the dictionary as spin. But thanks for playing. Meanwhile the economy continues to improve. a deathknell to the right. Must suck to see that. I mean, after all, righties love a bad economy.


    Says a lot about you.
    Being a fox follower says even more about you. Are you able to form your own opinions/ Check that. it's rhetorical.

    What is it about liberalism that creates this kind of loyalty especially from someone who claims to be older than you appear?
    With a collar like conservative, that's rich.

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    Re: Warren Buffet: 'Trickle Down' Theory Doesn't Work

    you both are a dishonor to your respective parties...

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