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Art Laffer: Obama Must Use Reaganomics to Save Economy ('It's not magic sauce, it's common sense')
Newsmax ^
| 08/10/2011
| Martin Gould and Kathleen Walter
Posted on 08/10/2011 5:40:26 PM PDT by SeekAndFind
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To: SeekAndFind
THE LAFFER CURVE
To: SeekAndFind
3
posted on
08/10/2011 5:43:02 PM PDT
by
ken21
(ruling class dem + rino progressives -- destroying america for 150 years.)
To: SeekAndFind
To: ken21
To: SeekAndFind
For Zero to do this would be like a shark becoming a vegetarian.
6
posted on
08/10/2011 5:45:40 PM PDT
by
Recon Dad
("Don't shoot fast, unless you also shoot good..")
To: SeekAndFind
Free trade is great as long as one can be assured of a relatively civil world. Reagan’s “evil empire,” Russia, hardly had squat to trade with the outside world, except for some bottles of okay vodka. That’s not true for the new bully on the block, China.
Letting your domestic capability fall inert is a domestic security risk. Might there be a time when the former shirtmakers are wanted back? Ooops, they’re all flipping burgers now. There are boutique American-made shops to be sure, but I don’t think they’d be up to outfitting an army.
7
posted on
08/10/2011 5:49:46 PM PDT
by
HiTech RedNeck
(There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
To: SeekAndFind
Art, baby... I don't care.
8
posted on
08/10/2011 5:50:28 PM PDT
by
newheart
(When does policy become treason?)
To: SeekAndFind
Obama and the Democrats aren’t concerned about the economy, they just want to put in their radical Socialist agenda.
9
posted on
08/10/2011 5:50:48 PM PDT
by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: SeekAndFind
Bottom line, 0bama is too ignorant, obstinate and stupid to do anything more than what he has been doing. The economy won't improve until he is a distant memory - if the Country can hang on that long!
DNC Chairman Debbie Wasserman Schultz:We own the economy - June 15, 2011
You own The 0bama Depression!
We're going to hang you, your commie boss, and all the dims with this Ms. Wasserman Schultz!
FUBO GTFO 2012 !
10
posted on
08/10/2011 5:53:54 PM PDT
by
The Sons of Liberty
(Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
To: SeekAndFind
Art Laffer is one coool old dude. He’s 77 and does a terrific interview. He is on Cavuto often.
He is so smart he picked up his stuff and moved from California to Tennessee.
I love to hear him speak
11
posted on
08/10/2011 5:57:32 PM PDT
by
bert
(K.E. N.P. +12 ....Rats carry plague)
To: SeekAndFind
To: SeekAndFind
How does that chart show that Norway is raising the maximum revenue from that 10% tax? Each economy would have its own curve, I would think.
13
posted on
08/10/2011 6:09:32 PM PDT
by
arrogantsob
(Why do They hate her so much?)
To: HiTech RedNeck
I wouldn’t worry about clothes when the next big war will be the last one over in days at best.
Any war requiring mass conscription requiring large amounts of clothing would be unlikely. But we could rapidly create factories to make it. It isn’t like building missiles or bombers.
I do agree that Free Trade must be tempered by LEGITIMATE defense needs, however, and historically we have limited the advanced technology and weaponry other nations are allowed to buy. Urkel is probably giving away the store on a massive scale which is where some of his warchest is coming from.
14
posted on
08/10/2011 6:15:46 PM PDT
by
arrogantsob
(Why do They hate her so much?)
To: SeekAndFind
The only way President Barack Obama can solve the nations economic woes is to adopt common-sense Reaganomics, the policys architect Arthur Laffer claims
It's against every fiber in Obama's body to do what Laffer suggests. I expect to see pigs fly before Obama would endorse "common-sense" economics as advocated by Laffer. I doubt Obama even knows who Laffer is or understands the tax-rate vs tax-revenue curve. It's too mathematical for him. He's the type who only understands static analysis (and that's a stretch) and not dynamic analysis.
15
posted on
08/10/2011 6:19:32 PM PDT
by
truthguy
(Good intentions are not enough.)
To: arrogantsob
Most people assume WWIII will be a global thermonuclear exchange, when in truth a country like China still has a real reason to not want to irradiate vast swaths of the world. They can’t decamp to another planet — yet. And they had better be willing to lose a major customer overnight.
16
posted on
08/10/2011 6:20:19 PM PDT
by
HiTech RedNeck
(There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
To: HiTech RedNeck
There is only one nation capable of doing that to us.
17
posted on
08/10/2011 6:24:17 PM PDT
by
arrogantsob
(Why do They hate her so much?)
To: arrogantsob
Russia has its own international trade pickles today, if that’s what you mean. It pushes massive amounts of oil every year to countries that are more or less friendly to the US. Seeing the Bear lose its temper might make them think twice.
18
posted on
08/10/2011 6:27:39 PM PDT
by
HiTech RedNeck
(There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
To: SeekAndFind
With all due respect to Art Laffer, everyone seems to assume that Obama wants the economy to improve, when he's demonstrated with a mountain of empirical evidence that he desires the exact opposite through his policies, and is succeeding I might add.
19
posted on
08/10/2011 6:33:25 PM PDT
by
SpaceBar
To: arrogantsob
The ~25% corporate tax rate gives Norway about %10 of their GDP in tax revenue, where as our 35% corporate tax rate gives a much smaller % GDP in tax revenue.
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