Supply-Side Economics

[whell]

Originally Posted by finnbow

Are you really that dimwitted? Deficit spending is exactly what was called for in the midst of the second worst economic downturn in the nation's history. Obama brought the nation back from the brink of economic collapse with his economic policies (which the GOP fought every step of the way). One would think you'd realize this coming from Detroit, home of the domestic auto industry that Obama saved. Jeez.

Well, I understand that is the essence of leftist economic dogma. There's no evidence that the so called stimulus plan worked as intended. It may have contained the kernels of good ideas and good intentions. But in fact the most objective assessments suggest that - in usual big government fashion - the funds were spent in way that were ineffective and missed the mark. For example:

But the stimulus ultimately failed to bring about a strong, sustainable recovery. Money was spread far and wide rather than dedicated to programs with the most bang for the buck. “Shovel-ready” projects, those that would put people to work right away, took too long to break ground. Investments in worthwhile long-term projects, on the other hand, were often rushed to meet arbitrary deadlines, and the resulting shoddy outcomes tarnished the projects’ image.

One only needs to look at the results. The Obama Stimulus was sold as the key to quickly reducing the unemployment rate. What actually happened? Objective not achieved.



Some would say that the Stimulus kept the unemployment rate from going into double digits. There's no smoking gun proof of that. There's also the small detail that the unemployment rate had plateaued and was starting to fall before the stimulus funds were finding their way into the economy.

So, you can continue to drink your Keynesian joy juice all you want. While you're sipping, you'll need to figure out how Keynesian economics can pay down the damage that they've done to the national debt.

[Rajoo]

Originally Posted by whell

Of course, I fully agree with the comments of the economists in your WaPo post. The ballooning of the debt that they're bowling about occurred under St Barry. That was real, incurred federal debt. Were these guys howling then while money the Feds didn't have was flying out the door? Or did they wait, like you are, until St Barry leaves office to try to blame someone else for the debt St Barry ran up, and howl about projected debt?

I don't like the Omnibus either, but the funds haven't been spent yet. I will say that my optimism about getting federal spending under some control has dimmed a bit. But listening to folks like you crow about debt fears is a bit like listening to the builders of the Titanic discussing leaky plumbing in the galley.

You suffer from either intellectual constipation or an IQ deficit.

[Rajoo]

[Rajoo]

[Chicks]

Presidential Historians, who, unlike Whell, actually know what they’re talking about, have already ranked Obama’s presidency as the 8th greatest. No small part of that legacy is his handling of the disastrous economy handed to him, the result of far too lax banking regulations.

Sadly, the very regulations added under Obama to keep this disaster from ever happening again are already being stripped away by the current president* (who ranks a well-deserved WORST EVER by the very same historians) and his Repube henchmen.

[whell]

Originally Posted by Chicks

Presidential Historians, who, unlike Whell, actually know what they’re talking about, have already ranked Obama’s presidency as the 8th greatest. No small part of that legacy is his handling of the disastrous economy handed to him, the result of far too lax banking regulations.

Sadly, the very regulations added under Obama to keep this disaster from ever happening again are already being stripped away by the current president* (who ranks a well-deserved WORST EVER by the very same historians) and his Repube henchmen.

Yeah, I saw that. Funny as hell. APSA was the same bunch who predicted Hillary would win the 2016 election. I'm sure that if she has won, she'd already be number 9 on their list.

[finnbow]

Originally Posted by whell

Yeah, I saw that. Funny as hell. APSA was the same bunch who predicted Hillary would win the 2016 election. I'm sure that if she has won, she'd already be number 9 on their list.

Even the Lying Dotard thought he was going to lose.

[whell]

Originally Posted by finnbow

Even the Lying Dotard thought he was going to lose.

...on election day, because his team was giving him exit polling data...which since then we've learned was way off.

[Rajoo]

Originally Posted by whell

...on election day, because his team was giving him exit polling data...which since then we've learned was way off.

Yet you are peddling consumer sentiment which again is distilled from opinions.

[Rajoo]

What does the GOP do for an encore after tax cuts we cannot afford and a spending plan for money we don't have? Another round tax cuts and after that a Balanced Budget Amendment. How do you balance a budget after you are a $ Trillion in the hole?
That's where Voodoo Economics comes in, it can make deficits disappear with a wink and a nod.

Republicans to Push for More Tax Cuts, Balanced Budget Amendment

https://finance.yahoo.com/news/repub...220921955.html