Supply Side Economics Is Coming Back

ChrissStreetAndCompany.com ^ | 10-23-12 | Chriss W. Street

[Texas Eagle]

The Great Recession was primarily caused by the collapse in economic demand as 80 million “baby-boomers” born between 1946 and 1964 moved out of their peak spending years in their mid-30s to mid-50s and into retirement in their late 50s and early 60s. The U.S. government over the last five years squandered $7.6 trillion on Keynesian demand-side stimulus trying to resuscitate this demographically shrinking demand. With only 23 million born between 1995 and 2012 that comprise “Generation Z”, this population is just too small for demand-side stimulus to revive the economy. America is now deep in debt, facing 23 million unemployed, and needs to fund the baby-boomer’s retirement. Consequently, politicians are being forced to abandon demand-side stimulus and re-embrace supply-side economics.

[Texas Eagle]

Romneynomics doesn't quite roll off the tongue like Reaganomics did but the effect will be the same.

[Buckeye McFrog]

The U.S. government over the last five years squandered $7.6 trillion on Keynesian demand-side stimulus

They could have taken just 1/3 of that and mailed everyone a check, and it would have been far more effective.

[Monterrosa-24]

Of all our economic problems debt is the most serious. It is the national debt that if unchecked and ever growing will cause an economic catastrophe much worse than the great depression.

Neither Obama or Romney or the mainline media cite that old rule book called The Constitution. But our spending in areas that are flagrantly unconstitutional is what has brought us to the precipice.

[hoosierham]

Another consequence of the abortion industry murdering 40 million Americans in the womb.

A nation that murders its future children and citizens shouldn’t expect to last long.

[joe fonebone]

Shhhh....... don’t tell anyone about that pesky constitution...

not only will the libs be in an uproar, but so will the social-ist conservatives...

war on drugs, war on privacy, war on just about everydamnthing, yet we NEED these programs to keep save ourselves from ourselves..

the only way back is through strict constitutionalism, but alas, that is too hard, too many sacred cows would be gored...

so, here we sit in a constitutional crisis, with too many saying we need to go back to the constitution, just leave my favorite law or policy in place..

amazing, isn’t it?

[Texas Eagle]

They could have taken just 1/3 of that and mailed everyone a check, and it would have been far more effective.

Darn good idea. I think President Bush did something along those lines and the result was 4.5% unemployment and a record stock market.

[Buckeye McFrog]

Instead the Porkulus disappeared into Democrat black holes, like Mr. Clare McCaskill’s slumlord business.

Romney needs to make a complete audit of Porkulus a priority.

[Graewoulf]

” - - - the Sinking Fund Act of 1795 to require a significant amount of tax revenue be set aside each year to quickly pay-off any outstanding national debt.”

This is a stress-test mechanism for the Federal Government, in case it got “To big to fail.”

Now that the Federal Government IS “To big to fail,” it is time to re-install The Sinking Fund Act.

[lurk]

We can’t threaten and choke the employer and the producer and expect a recovery.

[Moonman62]

The U.S. government over the last five years squandered $7.6 trillion on Keynesian demand-side stimulus trying to resuscitate this demographically shrinking demand.

Five years ago a Republican was president. The only reason supply side economics was dropped was number one, it works, and number two, it reduces the role of government.

[Moonman62]

They could have taken just 1/3 of that and mailed everyone a check, and it would have been far more effective.

Yes, but in W's words, his intent was to put money in the hands of consumers. He's the one who started the return to demand side economics and big government.