Supply-Side Economics

[whell]

Originally Posted by Chicks

You’re a riot, Whell! You’ve been carrying on about how much the tax breaks were going to benefit the middle class. Turns out, not much. So you deflect, as always.

Yes or No: do you agree with your Dear Leader that Amazon needs to be “ taken out”?

This thread is about supply side economics, not about tax breaks for the middle class. Sorry you got lost.

[bobabode]

Originally Posted by whell

This thread is about supply side economics, not about tax breaks for the middle class. Sorry you got lost.

No truer words have been spoken to describe 'supply side economics', not that you're self aware enough to realize it, Mike.

[whell]

Originally Posted by bobabode

No truer words have been spoken to describe 'supply side economics', not that you're self aware enough to realize it, Mike.

I'm fully aware to realize that you think that my post can be taken in an ironic context or play on words that slams the topic. Of course, if you think that, then you apparently have a grave misconception about what supply side economics is.

[finnbow]

Originally Posted by whell

I'm fully aware to realize that you think that my post can be taken in an ironic context or play on words that slams the topic. Of course, if you think that, then you apparently have a grave misconception about what supply side economics is.

I'd say it's you that has a grave misconception of what supply-side economics is in that you seem to believe that it is a proven and viable economic model.

[bobabode]

Originally Posted by whell

I'm fully aware to realize that you think that my post can be taken in an ironic context or play on words that slams the topic. Of course, if you think that, then you apparently have a grave misconception about what supply side economics is.

When are you immigrating to Lower Brownbackistan, Mike?

Give my regards to Rumpelstiltskin when you get there.

[Rajoo]

Originally Posted by whell

I'm fully aware to realize that you think that my post can be taken in an ironic context or play on words that slams the topic. Of course, if you think that, then you apparently have a grave misconception about what supply side economics is.

Greg Fitzsimmons: Trickle-Down Economics

Trickle-down economics -- it didn't work. The whole idea was supply-side economics: give rich people a lot of money; they'll spend it, it'll go into the economy. Here's what we found out -- rich people, really good at keeping all the money. That's how they got rich. If you want it in the economy, give it to the poor people. You know what they're really good at spending all their money.

Argue that one Trumptard ()

[Rajoo]

Originally Posted by whell

This thread is about supply side economics, not about tax breaks for the middle class. Sorry you got lost.

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.

Even the Tax Foundation, generally regarded as the most sympathetic of the various Washington organizations that crunch tax numbers, doesn’t think the tax cut will boost growth enough to cover its cost to the federal budget. The group forecasts that the tax cut will leave Americans with an extra $400 billion in debt to pay back a decade from now.

Another group, the Committee for a Responsible Federal Budget, said it thinks the bill could cost the U.S. as much as $2.2 trillion.

The more debt the bill ultimately creates, the less it is likely to add to the economy. That’s because government borrowing competes for investment dollars with private industry. If the government ends up having to borrow too much, interest rates will rise and choke off private companies’ ability to raise money to invest in new equipment or to add jobs.

Those concerns have led many analysts to conclude that the bill may ultimately generate little if any growth at all. Other reviews of various iterations of the Republican tax bill, including one by the Joint Committee on Taxation, Congress’s budget scorekeeper, pegged the economic growth to be anywhere from one-third to one-tenth of the Tax Foundation’s forecasts.

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/

[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/

[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.

[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.....