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-   Economy (http://www.politicalchat.org/forumdisplay.php?f=27)
-   -   Supply-Side Economics (http://www.politicalchat.org/showthread.php?t=12253)

Rajoo 02-26-2018 08:22 AM
What the GOP calls economic growth is in reality recession.

Chicks 02-26-2018 11:11 AM
The moron in chief right now babbling about “massive bonuses” for “millions and millions” of workers. Flat out lie, yet Whell continues to defend him. Sigh.

whell 02-27-2018 06:07 PM
Quote:
Originally Posted by Chicks (Post 368466)
The moron in chief right now babbling about “massive bonuses” for “millions and millions” of workers. Flat out lie, yet Whell continues to defend him. Sigh.
How is it a lie, genius?

https://www.atr.org/list

Chicks 02-27-2018 06:41 PM
Quote:
Originally Posted by whell (Post 368547)
How is it a lie, genius?
You must not understand the meaning of “massive”. Why am I not surprised? :rolleyes:

Dondilion 02-27-2018 08:04 PM
Quote:
Originally Posted by Rajoo (Post 368448)
What the GOP calls economic growth is in reality recession.
Could you please expand.

Rajoo 02-27-2018 08:57 PM
Quote:
Originally Posted by Dondilion (Post 368558)
Could you please expand.
Quote:
In 1990, President George H. W. Bush raised taxes, and GDP growth increased over the next five years. In 1993, President Bill Clinton raised the top marginal tax rate, and GDP growth increased over the next five years. In 2001 and 2003, President Bush cut taxes, and we faced a disappointing expansion followed by a Great Recession.
Similar case can me made for the Reagan era and predictions are dire for the Trump tax cuts.

Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds

https://www.theatlantic.com/business...-finds/262438/

Dondilion 02-27-2018 11:09 PM
But recession?

BTW Dubya years were unusual...expensive war and huge housing bubble.

Here is a contrarian view. It is a hope and it is a prayer. :D

https://www.bloomberg.com/view/artic...lly-make-sense

Rajoo 02-27-2018 11:40 PM
Warren Buffet's company had a $28 Billion windfall from the tax cuts. Ask him how many people he plans to hire? ;)

Dondilion 02-28-2018 06:46 AM
Companies will use a significant part of the windfall for buy back.

whell 02-28-2018 08:21 AM
Quote:
Originally Posted by Chicks (Post 368552)
You must not understand the meaning of “massive”. Why am I not surprised? :rolleyes:
I think I understand it pretty well. I'm not surprised at your desire to downplay the value of a bonus or pay increase to folks who might really need it. For you, a extra dollar an hour or $1000 bonus might not mean much, but to other folks it is pretty "massive".

Your comments are cynical and heartless. Why am I not surprised. :rolleyes:


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