Supply-Side Economics

[Rajoo]

[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.

[whell]

Originally Posted by Rajoo

This thread is about hog wash. Tax breaks for the middle class, that's truly Fake News. I spent mine at Starbucks in Oakland yesterday, $5.00 for a medium latte. Here is the reality.



The bolded text is a reality check. What good does a measly tax cut do when the economy goes into a recession and incomes get depressed due to unemployment. Anyone remember the Reagan economic miracle, aka Woodoo Economics?

http://time.com/money/5071344/gop-ta...-middle-class/

Good thing most folks apparently don't agree with you:

http://www.sca.isr.umich.edu/

[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.

[Rajoo]

Originally Posted by whell

Good thing most folks apparently don't agree with you:

http://www.sca.isr.umich.edu/

So how many grad students does Richard Curtin have?
What you have linked is an opinion survey of consumers, as if .........never mind.

[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

[whell]

Originally Posted by Rajoo

So how many grad students does Richard Curtin have?
What you have linked is an opinion survey of consumers, as if .........never mind.

Apparently you don't even know that the U of M Consumer Sentiment survey is used by economists and as a significant indicator of economic activity. Even the St Louis Fed tracks it.

https://fred.stlouisfed.org/series/UMCSENT/

Clueless.....

[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.

[Chicks]

Correction: The Presidential historians, from all sides of the political spectrum, ranked Obama at #12. A bit early to assess, but very impressive out of the gate.

Then there’s this, which of course Whell and his fellow idiots will choke on. Remember, these are experts, Presidential historians, who are FAR more knowledgeable than Whell and his bigoted, hateful, ignorant pals.

Former President Bill Clinton, meanwhile, slightly behind Obama at 15th, receiving extremely high marks for his handling of the economy, which ranked third all-time

Will be fun to watch these folks rank the moron currently occupying the Oval Office.

https://www.politico.com/story/2017/...ankings-235149