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| Foreign Affairs debate; it still comes back to jobs and the economy | |
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| Tweet Topic Started: Oct 23 2012, 10:55 AM (1,347 Views) | |
| Pat | Oct 24 2012, 12:55 AM Post #41 |
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Fire & Ice Senior Diplomat
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Yep, I'm aware of that Brew. Are you aware that economists also told us Obama's policies would work? Economists don't have a great track record to hang their hats on. |
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| ngc1514 | Oct 24 2012, 01:05 AM Post #42 |
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Twelve million Mormon missionaries, perhaps. |
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| Brewster | Oct 24 2012, 01:45 AM Post #43 |
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Fire & Ice Senior Diplomat
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Yes. And to the extent that they were ever allowed to be implemented as envisaged, they did. ![]() Lord Knows how bad it would have been otherwise. If you ask a few GM execs and workers, not to mention all the auto suppliers, I'm sure they could explain it to you. I'm sure Boehner can explain to you why they didn't work better. |
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| Berton | Oct 24 2012, 02:33 AM Post #44 |
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Thunder Fan
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| tomdrobin | Oct 24 2012, 02:46 AM Post #45 |
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Fire & Ice Senior Diplomat
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You grow an economy by fiscal policy that is tailored to the problem you have. There is not shortage of investment capital. Companies and investors are sitting on it. Why? Because there is no demand. Why is there no demand? Because unemployment is high and wages have stagnated. Now cutting taxes is going to do little for those out of work and those not making enough to pay taxes anyway. The only thing it will do is cut government revenue exacerbating the deficit and increasing pressure to cut government spending. Which in turn will exacerbate the unemployment problem. The GOP love their supply side economics. But, they completely ignore the Laffler curve that is cited as a justification for it. We are way below the tax rates that suppress economic activity. And, the only effect is to cut revenue. http://en.wikipedia.org/wiki/Laffer_curve The way to get out of this fix is for government to drive demand by spending like a drunken sailor, and taxing particularly the wealthy to pay for it. Just like the spending on war materials for WWII got us out of the great depression. Of course there are better things to spend money on than the military. Things like infrastructure and education and investments in science and technology. As long as we have this lopsided income and wealth economy with those at the top flush with cash, and those at the middle and bottom with very little the economy is not going to take off. |
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| Berton | Oct 24 2012, 02:48 AM Post #46 |
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Are you contending that there is only one part of the Romeny plan, to cut taxes? |
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| tomdrobin | Oct 24 2012, 03:00 AM Post #47 |
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Fire & Ice Senior Diplomat
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No, I was just illustrating the fallacy of the cornerstone of his policy. He claims he will cut the deficit, while at the same time increasing spending on the military. The only way that works is huge cuts in other government spending. That in of itself will depress the economy. The only way to fix this is to tax those who have most of the money to bring the deficit down and stimulate the economy. But, the Kochs have their suckers convinced that would be class warfare. |
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| Berton | Oct 24 2012, 03:03 AM Post #48 |
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You still seem to be ignoring the rest of his plan. Why is that? |
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| tomdrobin | Oct 24 2012, 03:24 AM Post #49 |
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Fire & Ice Senior Diplomat
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Perhaps you can list all of the 5 points and detail how each one of them is going work? Good luck. I doubt you know much about any of them, other than what you can paste from some right wing blog or website. Ignorance fueled by bias is a pitiful thing.
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| Berton | Oct 24 2012, 03:27 AM Post #50 |
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![]() There is the overview. Do you want to start with the first one? Or is that too complicated for you? Edited by Berton, Oct 24 2012, 03:29 AM.
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