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

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?
 
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.
 
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!
 
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.
 
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.
 
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?
 
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..
 
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?
 
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.
 
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.


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

With a collar like conservative, that's rich.

Aw, yes, such low expectations you have. Had you generated the results of Obama after spending what he has spent, you wouldn't be employed. The economy getting better at what cost or does it matter to you? After all it is only taxpayer money, right?

You really have a fixation with Fox, maybe you ought to watch more and speculate less.

I am a conservative as it is the only economic ideology tha tmakes any sense and generates any positive individual results.
 
no, it didn't help... too long on political rhetoric and too short on specifics.

Perhaps you should read up on current events.

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?

You mean why did he give into the GOP holding unemployment benefits hostage? To protect the hostages.
 
Perhaps you should read up on current events.



You mean why did he give into the GOP holding unemployment benefits hostage? To protect the hostages.

ugh.. I remember you now.

thanks, but no thanks, I don't want to discuss anything with you.
 
ugh.. I remember you now.

thanks, but no thanks, I don't want to discuss anything with you.

Than stop making unsubstantiated claims.
 
Perhaps you should read up on current events.



You mean why did he give into the GOP holding unemployment benefits hostage? To protect the hostages.

how many years would it take you to find a new job if you lost yours? Two, three, four? Or should unemployment benefits funded by the taxpayer be unlimited?
 
Than stop making unsubstantiated claims.

You do it all the time, posting leftwing data unsubstantiated by actual data or results. Skewed results from partisan sites tells an entirely different picture than reality. Your intellectual dishonesty says it all.
 
How supply side economics wrecked America:

US-National-Debt-GDP.gif


Progressive Eruptions: HOW REAGAN AND SUPPLY SIDE ECONOMICS WRECKED AMERICA'

David Stockman on GPS today stated that the GOP candidates plans to cut taxes and increase military spending will increase the deficit.
 
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How supply side economics wrecked America:

US-National-Debt-GDP.gif


Progressive Eruptions: HOW REAGAN AND SUPPLY SIDE ECONOMICS WRECKED AMERICA'

David Stockman on GPS today stated that the GOP candidates plans to cut taxes and increase military spending will increase the deficit.

How is that Obama economy working out for you now that debt to GDP is 100%, what supply side Republican had Debt 100% of GDP? You certainly have a distorted view of reality.

Federal Debt - 1940-2015 (As a Percentage of the GDP) - Federal Budget Charts - National Priorities Project
 
The Trickle Up Theory works quite well. Just ask any republican.

Just ask anyone selling an infomercial product. Its up to you to buy oxi clean, but if you do, you are giving money to the people who made the product, developed it, etc. But to act like the guy who created oxi clean is responsible for you giving him money for his product (and thus him becoming wealthy) is asinine.
 
How is that Obama economy working out for you now that debt to GDP is 100%, what supply side Republican had Debt 100% of GDP? You certainly have a distorted view of reality.

Federal Debt - 1940-2015 (As a Percentage of the GDP) - Federal Budget Charts - National Priorities Project

Two bush wars and the Greatest Recession since the Great Depression was the cause. Thankfully we are slowly pulling out of those and the President has called for cuts to our most wasteful spending and increasing revenues.

The GOP only offers more of the supply side economics of the last decade that drove us into the ditch to begin with.
 
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Two bush wars and the Greatest Recession since the Great Depression was the cause. Thankfully we are slowly pulling out of those and the President has call for cuts to our most wasteful spending and increasing revenues.

The GOP only offers more of the supply side economics of the last decade that drove us into the ditch to begin with.

Idiotic entitlements and the government violating the tenth amendment is what causes the problems
 
Idiotic entitlements and the government violating the tenth amendment is what causes the problems


Only the far right still buys that crap. The rest of the country understand that excessive military spending, deregulation and the tax cuts to the wealthy is what created most of our debt.
 
The "Obama economy" is still supply-side economics. Economic policy is not substantially different from what it was 5 years ago. It's not about Democrat/Republican.

Obama is doing NOTHING to promote supply side unless cutting supply is something that you believe is supply side. Why would any business promote growth with this Administration?
 
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