Skip to comments.Why the GOP Won't Admit Supply-Side Econ Has Failed
Posted on 12/04/2012 8:25:22 AM PST by ksen
click here to read article
And it is true that since supply-side became ascendant the fruits of additional GDP growth have become more and more concentrated in the upper income levels.
Since when was supply-side ever really in place? Sure, Reagan talked about it, but was it ever really implemented properly?
The Bush tax cuts were not a test of supply side economics. There were no tax cuts. All spending is paid for one way or another and Bush jacked up spending.
He was a Keynesian.
You fool, the country was screwed yet again by Keynesian manipulations and you blame it on Supply side.
Blind ignorant fool.
That sounds suspiciously like the claim that communism was never implemented properly.
Supply side did fine for a while. But all economic methods have weaknesses and the longer you run under the theory the more pain those weaknesses stack up and drag the economy down. We should have bailed on supply side by the end of Bush 1’s term.
Communism can never be implemented “properly” because it goes against human nature...Supply-Side acknowledges human nature and incorporates it into it.
Now you just sound desperate.
“There is little evidence that the Bush tax cuts, or any other tax cuts directed at the so-called job creators, have had a noticeable effect on economic growth.”
Perhaps you have an empirical study that does show a statistically significant link between marginal rates and GDP growth?
Now you just sound like a troll.
Here are a couple of books that might help:
Yeah, stay classy.
When you have the mainstream media blaming everything going bad in America on the Republicans and hidding and shielding every evil by O’bummer, what can you expect?
The Repubicans in Congress had just better nuckle down and do the right thing, no matter what, instead of trying to protect their cushy jobs. They’re going to get blamed what ever bad happens anyway. So, if there is no more Republicans, who then can they blame if the country goes to hell as it is doing right now? Maybe then the people in this country will start wising up and throw the bastards out, including their media. Then, it will time for a Revolution.
The evidence is clear from the government data. You can start by reading this.
“The post-tax-cut surge in economic growth and tax revenues helped drive down the deficit from 3.5% of gross domestic product in 2004 to 2.6% in 2005, to 1.9% in 2006 and to a manageable 1.2% in 2007.”
As for wealth concentration, can you show me the evidence where the middle and lower class is worse off than they were 50 years ago? Everyone of them have heated/air conditioned homes, cars, flat screen tvs, phones etc.?
If the marginal rate is 100% how much growth do you think we’d have?
Is it just a coincidence that marginal rates dropped in the 60’s and 70’s and the economy boomed?
Get thee to Daily Kos, troll.
He/she/it IS a troll.
Seen it here posting like a goofball before.
I only had to read a couple of lines of this article. You waste your time reading the rest. Does Barack Obama like lots of money for himself? Does Hillary Clinton like lots of money for herself? Does Harry Reid like lots of money for himself? Does Nancy Pelosi like lots of money for herself? I have a grudging respect for Mao. At least he had to go on a long hike and cut some throats before he pulled the big con of tyranny masquerading as socialism on the Chinese. Our tyrants just go to law school and then become Democrats and then try to foist tyranny on us masquerading as socialists. They don’t even take a good hike, first.
"Now?" This troll's been shopping the leftist line for a while.
Revisionist history, as far as I know. The Bush tax cuts generated decent economic growth, low unemployment, and improving government revenues during the period after they were fully enacted (2004-2006), and that was coming off the dot-com crash and 9/11. The Dem’s took over Congress in 2007, and that’s when things started heading in the other direction, greatly accelerated by the election of Obama and the Dem supermajority in 2008.
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