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Debates Forum

  1. Standard member bill718
    Enigma
    10 Jul '11 09:49 / 1 edit
    http://www.huffingtonpost.com/2010/10/04/corporate-profits_n_748889.html

    For 30+ years all I've been hearing from the GOP is "we must lower taxes, and allow business's to make profits in order to stimulate the economy and create jobs" Well, the folks on Wall Street seem to be raking in massive profits in these dark economic times. so....

    Where is all the hiring that was promised??

    Where is all the prosperity that was promised??

    When is it going to "trickle down" as good old Ronnie Regan promised???

    Unemployment seems to be headed up....not down. When is all this supply side economic theory going to translate into some job growth. Or was it all a pack of lies??!!
  2. 10 Jul '11 11:16
    They'll hire more people if they think that will earn them more money. Not out of charity.
  3. Standard member sh76
    Civis Americanus Sum
    10 Jul '11 11:51
    Originally posted by bill718
    http://www.huffingtonpost.com/2010/10/04/corporate-profits_n_748889.html

    For 30+ years all I've been hearing from the GOP is "we must lower taxes, and allow business's to make profits in order to stimulate the economy and create jobs" Well, the folks on Wall Street seem to be raking in massive profits in these dark economic times. so....

    Where is all t ...[text shortened]... conomic theory going to translate into some job growth. Or was it all a pack of lies??!!
    Oh, please. You can like supply side economics or not, but Reagan's policies were put into effect in the early 1980s and for much of the time since then there's been near full employment. You can't look at one arbitrary point in time 30 years out from the implementation of a policy and then declare the policy a failure. There are many of specific reasons for the recent rise in unemployment, including the failure of the current President to take steps that would reduce unemployment.
  4. Standard member sh76
    Civis Americanus Sum
    10 Jul '11 11:52
    Originally posted by KazetNagorra
    They'll hire more people if they think that will earn them more money. Not out of charity.
    Yes, and no sane economist ever promoted any other view.
  5. 10 Jul '11 12:27
    Originally posted by sh76
    Oh, please. You can like supply side economics or not, but Reagan's policies were put into effect in the early 1980s and for much of the time since then there's been near full employment. You can't look at one arbitrary point in time 30 years out from the implementation of a policy and then declare the policy a failure. There are many of specific reasons for th ...[text shortened]... including the failure of the current President to take steps that would reduce unemployment.
    Unemployment rose for much of Reagan's first term.
  6. Subscriber no1marauder
    It's Nice to Be Nice
    10 Jul '11 13:37
    Originally posted by sh76
    Oh, please. You can like supply side economics or not, but Reagan's policies were put into effect in the early 1980s and for much of the time since then there's been near full employment. You can't look at one arbitrary point in time 30 years out from the implementation of a policy and then declare the policy a failure. There are many of specific reasons for th ...[text shortened]... including the failure of the current President to take steps that would reduce unemployment.
    The average unemployment rate in the 80's was actually higher than in 70s. http://www.bls.gov/cps/prev_yrs.htm

    Eyeballing the figures, it looks like the average yearly rate from 1971-80 was 6.4% and from 1981-90 7.1%.
  7. Standard member sonhouse
    Fast and Curious
    10 Jul '11 13:43 / 1 edit
    Originally posted by sh76
    Oh, please. You can like supply side economics or not, but Reagan's policies were put into effect in the early 1980s and for much of the time since then there's been near full employment. You can't look at one arbitrary point in time 30 years out from the implementation of a policy and then declare the policy a failure. There are many of specific reasons for th ...[text shortened]... including the failure of the current President to take steps that would reduce unemployment.
    So I can assume you are a Democrat?

    BTW, you seem to forget the 4 trill we have spent on the Iraq war started by lets see.....
    Wait, I have it here somewhere.....
  8. 10 Jul '11 14:38
    Originally posted by sonhouse
    So I can assume you are a Democrat?

    BTW, you seem to forget the 4 trill we have spent on the Iraq war started by lets see.....
    Wait, I have it here somewhere.....
    There comes a point where people will have to stop blame Bush for all of eternity. The Democrats controlled the House, the Senate and the presidency for two years if Bush's policies were clearly wrong they could have changed them. We are still in Iraq because people like Obama clearly support that policy.
  9. Standard member bill718
    Enigma
    10 Jul '11 15:30
    Originally posted by KazetNagorra
    They'll hire more people if they think that will earn them more money. Not out of charity.
    In other words the G O P's supply side economic theory was one big fat lie!!
  10. Standard member bill718
    Enigma
    10 Jul '11 15:35
    Originally posted by sh76
    Oh, please. You can like supply side economics or not, but Reagan's policies were put into effect in the early 1980s and for much of the time since then there's been near full employment. You can't look at one arbitrary point in time 30 years out from the implementation of a policy and then declare the policy a failure. There are many of specific reasons for th ...[text shortened]... including the failure of the current President to take steps that would reduce unemployment.
    One arbitaray point in 30 years???!!! Lower taxes and corporate profits + hiring and prosperity, have been the GOP's answer to every economic question for decades. I'd hardly call that one arbitrary point....it seems to be the GOP's answer to everything.
  11. Standard member sh76
    Civis Americanus Sum
    10 Jul '11 16:32
    Originally posted by bill718
    One arbitaray point in 30 years???!!! Lower taxes and corporate profits + hiring and prosperity, have been the GOP's answer to every economic question for decades. I'd hardly call that one arbitrary point....it seems to be the GOP's answer to everything.
    whooosh!
  12. 10 Jul '11 16:34
    Originally posted by bill718
    In other words the G O P's supply side economic theory was one big fat lie!!
    I'm not sure if it was a lie. Reagan was pretty dim, so I wouldn't be surprised if he actually believed in it.
  13. 10 Jul '11 18:59
    it's due to capitalism's bane: technology.
  14. 10 Jul '11 21:29
    Originally posted by bill718
    http://www.huffingtonpost.com/2010/10/04/corporate-profits_n_748889.html

    For 30+ years all I've been hearing from the GOP is "we must lower taxes, and allow business's to make profits in order to stimulate the economy and create jobs" Well, the folks on Wall Street seem to be raking in massive profits in these dark economic times. so....

    Where is all t ...[text shortened]... conomic theory going to translate into some job growth. Or was it all a pack of lies??!!
    I hope this current recession puts to death the now several times debunked Say's Law. Giving money to the rich is not necessarily economically productive.
  15. 10 Jul '11 21:31
    Originally posted by Kunsoo
    I hope this current recession puts to death the now several times debunked Say's Law. Giving money to the rich is not necessarily economically productive.
    Something which is obviously already known to anyone who has spent more than three seconds studying the Scandinavian model...