Last Dance for Reaganomics?

[Cancel 2016.2]

Perhaps all those Republican/tea party/libertarian/oathers/birthers/threepers/neocon/bluedog voters who are out there with no job or unemployment benefits are FINALLY waking up. If not, here's something for them to chew on:


The final nail in the supply side coffin
Broken recovery: Taxes are low and corporate profits are high, but nothing is trickling down to the American worker


http://www.salon.com/technology/how...7/06/the_final_nail_in_the_supply_side_coffin

Yet another article whose author has no clue regarding economics and to compound matters is ready willing and able to state complete falsehoods.

1) Corporate tax rates in the US are no where near 'low'. We have one of the HIGHEST corporate tax structures in the industrialized world.

2) The idiots in DC have added senseless regulations over the past few couple of years while failing to re-implement the time proven regulations that would have prevented the financial market meltdown.

3) The idiots in DC have rammed through ANOTHER government run monstrosity, despite the FACT that the PREVIOUS government programs being severely underfunded and set to implode.

4) Corporations (large and small) do not like uncertainty. As long as the idiots in DC continue the wreckless spending habits of the past five years+ without ANY sort of long term plan to reign in spending, corporations will remain on the sidelines regarding new hires. It is far too expensive to hire and fire, thus they will continue to err on the side of caution. http://online.wsj.com/article/SB100...37853543049480.html?mod=WSJ_hp_LEFTTopStories

5) Like Keynesian economics, if not implemented as suggested, the economic theories are not truly tested. The current crop of buffoons in DC failed miserably at their attempt to implement what Keynes suggested. The previous decade plus we saw a complete failure of supply side economics being implemented. Thus for the economically illiterate to proclaim that one or the other is a 'failure' simply shows how truly ignorant (and typically partisan) they are on the matter.

 

[Guns Guns Guns]

Yet another article whose author has no clue regarding economics and to compound matters is ready willing and able to state complete falsehoods. 1) Corporate tax rates in the US are no where near 'low'. We have one of the HIGHEST corporate tax structures in the industrialized world.
2) The idiots in DC have added senseless regulations over the past few couple of years while failing to re-implement the time proven regulations that would have prevented the financial market meltdown.
3) The idiots in DC have rammed through ANOTHER government run monstrosity, despite the FACT that the PREVIOUS government programs being severely underfunded and set to implode.
4) Corporations (large and small) do not like uncertainty. As long as the idiots in DC continue the wreckless spending habits of the past five years+ without ANY sort of long term plan to reign in spending, corporations will remain on the sidelines regarding new hires. It is far too expensive to hire and fire, thus they will continue to err on the side of caution. http://online.wsj.com/article/SB100...37853543049480.html?mod=WSJ_hp_LEFTTopStories
5) Like Keynesian economics, if not implemented as suggested, the economic theories are not truly tested. The current crop of buffoons in DC failed miserably at their attempt to implement what Keynes suggested. The previous decade plus we saw a complete failure of supply side economics being implemented. Thus for the economically illiterate to proclaim that one or the other is a 'failure' simply shows how truly ignorant (and typically partisan) they are on the matter.

SF, while on paper the US has the highest corporate tax rate in the world, you neglected to mention the fact that lots of corporate giants don't pay the prescribed rates.


Are you simply ignorant, or just disingenuous?



http://money.msn.com/top-stocks/post.aspx?post=657d3553-f567-4b4c-8eb7-54b7d0973458

 

[NOVA]

And who had the power in the Senate, my intellectually impotent Bravo?

Yeah, and with all those nice tax cuts, what "trickled down" to you and me, genius? And what exactly was the tax cuts for those making $50K or less?

Read the article, you Bravo bumpkin....DEAL with the WHOLE TRUTH!

History Lesson #2

Facts to remember

Reagan's policies are widely recognized as bringing about the second longest peacetime economic expansion in U.S. history, surpassed in duration only by the 1990s expansion that began under George H. W. Bush in 1991.

During the Reagan administration, the American economy went from a GDP growth of -0.3% in 1980 to 4.1% in 1988 (in constant 2005 dollars), which reduced the unemployment rate by 1.6%, from 7.1% in 1980 to 5.5% in 1988, but with peaks of around 9.5% in 1982 and 1983.

A net job increase of about 21 million also occurred through mid-1990. Reagan’s administration is the only one not to have raised the minimum wage.

The inflation rate, 13.5% in 1980, fell to 4.1% in 1988, which was achieved by applying high interest rates by the Federal Reserve (peaked at 20% in June 1981).

 

[Guns Guns Guns]

Poor Blabo.

 

[Taichiliberal]

Originally Posted by Taichiliberal
Perhaps all those Republican/tea party/libertarian/oathers/birthers/threepers/neocon/bluedog voters who are out there with no job or unemployment benefits are FINALLY waking up. If not, here's something for them to chew on:


The final nail in the supply side coffin
Broken recovery: Taxes are low and corporate profits are high, but nothing is trickling down to the American worker


http://www.salon.com/technology/how_...ly_side_coffin

Taxes aren't low, and what does "corporate profits are high" have to do with the little business man that produces 80% of the jobs in this country (and is getting screwed) have to do with supporting your point?


pay attention: with the Bush tax cuts and corporations like some mega oil companies NOT paying taxes along with the various loopholes in the system, taxes are indeed "low" for the forementioned. The "little business man" is NOT getting the Bush tax cuts, nor are they allowed to skip on certain taxes like Exxon/Mobile. The article, HAD YOU BOTHERED TO READ IT, was pointing out how reaganomics HAS NOT resulted in more jobs or better salaries. That means LESS revenue coming into the system, and that means the small business man can't sell their products or higher more people if there are MORE people losing their jobs to downsizing and outsourcing.
Small business is our success, and prosperity in this country.

And right now they're about to really cut back.

No, right now it's about letting the Bush tax cuts sunset....which the GOP pushed Obama into extending for 2 more years.

Opportunity creates wealth.

No, demand for your product creates wealth...and if people don't have JOBS, they can't buy your product, and YOU can't expand your business. So if MAJOR employers are outsourcing and downsizing, YOU have NO opportunity to become wealthy.

The lack of opportunity creates something less.

The lack of JOBS creates POVERTY, which essentially kills off the small businessman.

And less, and less is what we have.

See above responses.

Government and corporations combined can't come close to producing the jobs that are needed to overcome the assault on small business in the form of rules and regulations that we have today.

Government in the form of Reaganomics gave corporations free reign to outsource with federal aid to do so....to promote banking/Wall St. DEREGULATION that created toxic loan packages to falsely mix in with good bundles that were sold on the market, thus causing a near global economic catastrophe....to put forth a tax system that favors the rich but puts the screws with small business and individual citizens dealing with rising COLA.

I see the other side of the coin here Taichiliberal.

No, you're just a willfully ignorant and insipidly stubborn neocon parrot.

Socialists should understand that people are waking up to this fact.

Actually, you need to stop smoking whatever it is you're smoking and deal with reality...as recent polls show that over 50% of registered Republicans are NOT in favor of the BS that Boehner, Cantor and the rest of the GOP stooges are putting out.

 

[Taichiliberal]

Originally Posted by Taichiliberal
Perhaps all those Republican/tea party/libertarian/oathers/birthers/threepers/neocon/bluedog voters who are out there with no job or unemployment benefits are FINALLY waking up. If not, here's something for them to chew on:


The final nail in the supply side coffin
Broken recovery: Taxes are low and corporate profits are high, but nothing is trickling down to the American worker


http://www.salon.com/technology/how_...ly_side_coffin

Yet another article whose author has no clue regarding economics and to compound matters is ready willing and able to state complete falsehoods.

Ahhh, yet another diatribe from our SuperFreak (ing) neocon toadie with delusions of economic expertise. Let's see what he can prove and what he just outright ignores/lies about.

1) Corporate tax rates in the US are no where near 'low'. We have one of the HIGHEST corporate tax structures in the industrialized world.

Newsflash, chuckles....when you add up the tax breaks and loopholes, you end up with absurdity like major oil companies making record profits BUT NOT PAYING TAXES.

2) The idiots in DC have added senseless regulations over the past few couple of years while failing to re-implement the time proven regulations that would have prevented the financial market meltdown.

More SuperFreak(ing) blathering that is high on supposition and conjecture but short on accurate facts. Case in point: deregulation was at the root of the Wall St./bank mortgage debacle, because it allowed them to mix bad loans with good loans and sell them on the open market...a toxic mix that gave us the crap storm we're in today. And then there are the Bush tax cuts that SHOULD HAVE BEEN ALLOWED TO SUNSET...but you can thank the filibuster happy GOP for extending that idiocy another 2 years.

3) The idiots in DC have rammed through ANOTHER government run monstrosity, despite the FACT that the PREVIOUS government programs being severely underfunded and set to implode.

More blustery opinion from our SuperFreak(ing) neocon toadie that ignores the FACTS regarding the legacy of Reaganomics.

4) Corporations (large and small) do not like uncertainty. As long as the idiots in DC continue the wreckless spending habits of the past five years+ without ANY sort of long term plan to reign in spending, corporations will remain on the sidelines regarding new hires. It is far too expensive to hire and fire, thus they will continue to err on the side of caution. http://online.wsj.com/article/SB100...37853543049480.html?mod=WSJ_hp_LEFTTopStories

What a bunch of bullshit! Corporations under Reaganomics simply indulge in the regulation free and lower expenses of other countries workers....what Americans would consider exploitive in a lot of cases....and the insult to the injury is that these corporations get tax incentives to do so! These bastards have NO problem with spending American dollars to outsource their companies/workforce, but go into convulsions at the mere thought of paying into programs that keep Americans in a capacity to earn a living and BUY their products.

5) Like Keynesian economics, if not implemented as suggested, the economic theories are not truly tested. The current crop of buffoons in DC failed miserably at their attempt to implement what Keynes suggested. The previous decade plus we saw a complete failure of supply side economics being implemented. Thus for the economically illiterate to proclaim that one or the other is a 'failure' simply shows how truly ignorant (and typically partisan) they are on the matter.

Once again, the SuperFreak(ing) neocon kiss ass tries to promote some half assed support of "staying the course" with the current neocon driven GOP goons in DC while not having the GUTS to honestly say so. Bottom line: until our SuperFreak(ing) tool can grow a pair and admit the failur of Reaganomics, he's just blowing attempted pseudo-intellectual smoke.

 

[Taichiliberal]

Originally Posted by Taichiliberal
And who had the power in the Senate, my intellectually impotent Bravo?

Yeah, and with all those nice tax cuts, what "trickled down" to you and me, genius? And what exactly was the tax cuts for those making $50K or less?

Read the article, you Bravo bumpkin....DEAL with the WHOLE TRUTH!

History Lesson #2

Facts to remember

Reagan's policies are widely recognized as bringing about the second longest peacetime economic expansion in U.S. history, surpassed in duration only by the 1990s expansion that began under George H. W. Bush in 1991.

During the Reagan administration, the American economy went from a GDP growth of -0.3% in 1980 to 4.1% in 1988 (in constant 2005 dollars), which reduced the unemployment rate by 1.6%, from 7.1% in 1980 to 5.5% in 1988, but with peaks of around 9.5% in 1982 and 1983.

A net job increase of about 21 million also occurred through mid-1990. Reagan’s administration is the only one not to have raised the minimum wage.

The inflation rate, 13.5% in 1980, fell to 4.1% in 1988, which was achieved by applying high interest rates by the Federal Reserve (peaked at 20% in June 1981).

Our Bravo bumpkin made a statement about the government under Reagan, and didn't have the guts to admit he was wrong to imply that the Dems were behind Reagans rampage, as the buffoonish Bravo COULD NOT produce the REP/Dem make up in the SENATE at the time.

And note folks, that whenever intellectually impotent clowns like Bravo talk louder (or in this case, increase typeface size and color bold), they usually are just either parroting a collage of talking points from some neocon website/blogger, or are just blowing smoke. Here's a little more objective synopsis that puts Bravo's blathering in proper perspective:

Judging Reagan's legacy: The Gipper meets the Truth-O-Meter


Congressional candidate John Loughlin, R-R.I.: After Ronald Reagan cut taxes in 1981 the U.S. enjoyed "exponential growth."

PolitiFact Rhode Island found that Loughlin was correct that Reagan cut taxes in 1981 but that he omitted the fact that he subsequently approved substantial tax increases. Meanwhile, on the question of exponential growth, the candidate acknowledged to PolitiFact Rhode Island that it was an exaggeration.

http://www.politifact.com/truth-o-m...ng-reagans-legacy-gipper-meets-truth-o-meter/

 

[Liberty]

Actually, you need to stop smoking whatever it is you're smoking and deal with reality...as recent polls show that over 50% of registered Republicans are NOT in favor of the BS that Boehner, Cantor and the rest of the GOP stooges are putting out.

I'm not a republican.

And over 50% of registered republicans are NOT in favor of the BS that Boehner, Cantor and the rest of the GOP stooges are putting out doesn't surprise me.

Even though I don't trust your sources at all.

They need to start putting the ax to a lot of things,,,,,,,, is the real truth to what most reps, indys, and libertarians think.

50% crap. What a joke.

You must get your information from the N. Korean news.

 

[Liberty]

SF, while on paper the US has the highest corporate tax rate in the world, you neglected to mention the fact that lots of corporate giants don't pay the prescribed rates.


Are you simply ignorant, or just disingenuous?



http://money.msn.com/top-stocks/post.aspx?post=657d3553-f567-4b4c-8eb7-54b7d0973458

What a stupid statement.







Like GE!




What about the little non-socialist business owners that's in the middle of all these mandates?

They're the ones getting it up the ass.

If this is the best socialist have to offer, they lose.

 

[SmarterthanYou]

I'm not a republican.

with TClib, it doesn't matter. he's got it down to something like a 6 word label that covers everything not liberal. it's pretty impressive actually, the way he sticks his head in the sand over it.

 

[Liberty]

with TClib, it doesn't matter. he's got it down to something like a 6 word label that covers everything not liberal. it's pretty impressive actually, the way he sticks his head in the sand over it.

True.

 

[Guns Guns Guns]

What a stupid statement. Like GE! What about the little non-socialist business owners that's in the middle of all these mandates? They're the ones getting it up the ass.
If this is the best socialist have to offer, they lose.

Poor Liability.


Another sweeping generalization with no factual evidence attached to it.


Do you know the average effective tax rate on small businesses in America, Liability?


Didn't think so.




Educate yourself, moron.

 

[Liberty]

Poor Liability.


Another sweeping generalization with no factual evidence attached to it.


Do you know the average effective tax rate on small businesses in America, Liability?


Didn't think so.




Educate yourself, moron.

The words you chose do not address the point I was making.

Socialists don't get it.

 

[Guns Guns Guns]

The words you chose do not address the point I was making. Socialists don't get it.

I didn't realize that you are a Socialist, Liability.


You must be, since you "don't get" that my reply addressed your point regarding small business owners "getting it up the ass", seen below:

What a stupid statement. Like GE! What about the little non-socialist business owners that's in the middle of all these mandates? They're the ones getting it up the ass. If this is the best socialist have to offer, they lose.

Of course, since you didn't make your point, perhaps you're just stupid, rather than Socialist.




You still have no idea what the effective tax rate for small business is, do you?

 

[Liberty]

I didn't realize that you are a Socialist, Liability.


You must be, since you "don't get" that my reply addressed your point regarding small business owners "getting it up the ass", seen below:








Of course, since you didn't make your point, perhaps you're just stupid, rather than Socialist.




You still have no idea what the effective tax rate for small business is, do you?

Aside from demeaning yourself, do you know what the % of income taxes Exxon paid, and how much GE paid?

Make yourself useful here.

 

[Guns Guns Guns]

Aside from demeaning yourself, do you know what the % of income taxes Exxon paid, and how much GE paid? Make yourself useful here.

Poor Liability.


You claimed that "little non-socialist business owners" are "getting it up the ass" (what's with the anal sex metaphor?).


What's the effective tax rate for small businesses in America today, Liability?


You don't even know what an 'effective tax rate' is, do you?


You blindly regurgitate the pap some big business lobbyist taught you without understanding it, don't you, Liability.


Think really hard, Liability. Focus....

​

 

[Liberty]

Poor Liability.


You claimed that "little non-socialist business owners" are "getting it up the ass" (what's with the anal sex metaphor?).

What's the effective tax rate for small businesses in America today, Liability?


You don't even know what an 'effective tax rate' is, do you?


You blindly regurgitate the pap some big business lobbyist taught you without understanding it, don't you, Liability.


Think really hard, Liability. Focus....

​

Aside from demeaning yourself, do you know what the % of income taxes Exxon paid, and how much GE paid?

Make yourself useful here.

This should be an easy question for you, or am I asking it in a way that you can't understand?

Technically,,,,, this is two questions, but don't let it confuse you though. The Exxon, GE question is the one you should focus on.

Now c'mon, I'm sure you can do it.

 

[Guns Guns Guns]

You made the claim that "little non-socialist business owners are getting it up the ass", Liability.

Why can't you explain what you meant?

 

[Liberty]

You made the claim that "little non-socialist business owners are getting it up the ass", Liability.

Why can't you explain what you meant?

Do you know what the % of income taxes Exxon paid, and how much GE paid?

I know the figures are out there.

But you just keep avoiding this question.

And if I answered your question, I'd be playing your little childish game.

I think I asked you first, or even if I didn't, you could answer the question.

 

[Guns Guns Guns]

Do you know what the % of income taxes Exxon paid, and how much GE paid? I know the figures are out there. But you just keep avoiding this question. And if I answered your question, I'd be playing your little childish game. I think I asked you first, or even if I didn't, you could answer the question.

Poor Liability.


No, you didn't "ask me first". The last time I heard that used as a debating tactic, both participants were in kindergarten.


So, to recap: You claimed that "little non-socialist business owners are taking it up the ass" but you don't know the effective tax rate they pay?


Have you voted for yourself in the King of the Retards poll yet? Do you need some details on how to vote in a poll?