What happened to all of the doom and gloom economic threads?

[RightField]

Funny, the author of the article neglected to mention that following that initial tax cut, Reagan actually ended up raising taxes - eleven times.

Yeah, lets see...he reduced the top rate from about 70% to 28% and then raised it back up to 30 or 31% under pressure from the Democrat congress. Big deal. It took a couple years, but his "medicine" created a huge growth in the econony. "He raised taxes"...is that your position?

 

[Frisco_Slug_Esq]

U_D, you're the one posting the claim that he wasn't a conservative, we're just noting your position for future discussion, unless you wish to claim he was a conservative despite the evidence you offer to the contrary just to make a momentary point that will be forgotten with the next day's "facts..."

 

[Frisco_Slug_Esq]

Yeah, lets see...he reduced the top rate from about 70% to 28% and then raised it back up to 30 or 31% under pressure from the Democrat congress. Big deal. It took a couple years, but his "medicine" created a huge growth in the econony. "He raised taxes"...is that your position?

Not fair, you are not to examine the whole of the man's record, but the point in time most useful to the defense of Socialism...



I swear to Allah, Buddha and Christ Almighty that you MUST be a Satanist!!!

 

[Frisco_Slug_Esq]

Of course, it would not be hard to find someone at Mises.org calling Reagan a Socialist...

Hayek called Keynes a Socialist,
Mises called Hayek a Socialist, and
Rothbard called Mises a Socialist!!!

 

[Ulaven_Demorte]

U_D, you're the one posting the claim that he wasn't a conservative, we're just noting your position for future discussion, unless you wish to claim he was a conservative despite the evidence you offer to the contrary just to make a momentary point that will be forgotten with the next day's "facts..."

Cap'n:
Building your straw man so soon?
I wasn't making any claim about Reagan. That was a response to you and Vette scrambling away from Ronnie (Conservative Jesus) Reagan's actual economic record as quickly as you could. Side note: If pointing out Reagans' actual record is "Destroying him" then Oh Fucking Well.

RightField:
I pointed out that Reagan's tax cuts (according to Mises, not me_ was more than offset by the increases instituted to combat the deficits he incurred. He did triple the National debt in his eight years (Carter and Ford only managed to double it before he took office), another fact that Reagan worshipers fail to remember.

As far as the meme that increasing taxes on "the rich" will hinder investment and new business oppotunity I'll let Warren Buffett answer that..
"Back in the 1980s and 1990s, tax rates for the rich were far higher, and my percentage rate was in the middle of the pack. According to a theory I sometimes hear, I should have thrown a fit and refused to invest because of the elevated tax rates on capital gains and dividends.

I didn’t refuse, nor did others. I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation." - Stop Coddling The Rich

 

[busybody..]

from a Harry Reid interview

However, Reid left the indelible impression Friday that as long as he's leading the Senate Democrats, the Tea Party agenda is dead on arrival in his chamber. In exchange for a modicum of reduced growth in federal spending, Reid said someone will have to pay more. There will be no reductions and entitlement reforms without tax increases. He singled out the rich and oil companies as especially deserving of punishment.

PUNISH?

 

[busybody..]

O'FENDY and LOST IN LOSER VILLE

How DARE you call me on so called RACISM

HOW DARE YOU???????????????????????​

This is where your ire should be directed

Pelosi Backs Sheila Jackson Lee’s Claim GOP Resisted Raising Debt Ceiling Because Obama Is Black…

How unbelievably pathetic.

 

[busybody..]

Silly liberal criticisms of Perry's jobs record byPhilip KleinFollow on TwitterPhilipAKlein
Sensing the momentum behind Texas Gov. Rick Perry's candidacy, liberals have begun to seize on his job creation record.

Paul Krugman, in a New York Times column, argues that population growth has been a major factor in his Texas job creation record. Of course, the fact that people are attracted to the low costs in Texas, in no small part because of the tax and regulatory environment, only works in Perry's favor.

Rep. Lloyd Doggett, D-Tex., who has launched a one man campaign against Perry, concedes that low taxes have fostered job creation, but suggests the principle can't be repeated nationally.

"The 'Texas Miracle' has really has been something that can't be replicated nationally," Doggett said, according to the National Journal. "It's based on booting jobs from one state to the other, mainly by competing on who can have the lowest taxes and therefore not be a high level of government service."

Really? How about corporate tax reform that gets rid of special interest loop holes and uses the savings to lower rates to internationally competitive levels?

But the silliest criticism of the Texas job record has to go to Washington Post Fact Checker Glenn Kessler, who explored Perry's line that “Since June of 2009, Texas is responsible for more than 40 percent of all of the new jobs created in America."

Kessler notes the following:

This is a great-sounding statistic, and likely will form the core of Perry’s campaign against a presidency that thus far has negative job creation.

But, as always, there needs to be some context. The Federal Reserve Bank of Dallas has especially promoted this figure, and even it acknowledges that the number comes out differently depending on whether one compares Texas to all states or just to states that are adding jobs. Since Texas is adding jobs, and many other states are losing jobs, Texas’s gains become out-sized in a general national survey.

So Texas's job gains look better because lots of states have lost jobs. And this is supposed to be a criticism?

Here's the bottom line. If the national economy is still doing poorly when President Obama stands for reelection, attacking the job gains in Texas is not going to be an effective political strategy, for several reasons. One is that with things looking that bad, any economic success story is going to look good by comparison, even if liberals try to poke holes in it. Second, as David Freddoso noted, is that Texas's jobs are 40 percent of the national jobs numbers -- so is Obama going to argue that a good chunk of the jobs created under his presidency were bogus? Third -- is Obama going to attack Perry's job figures as spurious, and then turn around and claim that his administration "saved or created" 4 million jobs and expect to be taken seriously?

 

[koalabear]

Silly liberal criticisms of Perry's jobs record byPhilip KleinFollow on TwitterPhilipAKlein
Sensing the momentum behind Texas Gov. Rick Perry's candidacy, liberals have begun to seize on his job creation record.

Paul Krugman, in a New York Times column, argues that population growth has been a major factor in his Texas job creation record. Of course, the fact that people are attracted to the low costs in Texas, in no small part because of the tax and regulatory environment, only works in Perry's favor.

Rep. Lloyd Doggett, D-Tex., who has launched a one man campaign against Perry, concedes that low taxes have fostered job creation, but suggests the principle can't be repeated nationally.

"The 'Texas Miracle' has really has been something that can't be replicated nationally," Doggett said, according to the National Journal. "It's based on booting jobs from one state to the other, mainly by competing on who can have the lowest taxes and therefore not be a high level of government service."

Really? How about corporate tax reform that gets rid of special interest loop holes and uses the savings to lower rates to internationally competitive levels?

But the silliest criticism of the Texas job record has to go to Washington Post Fact Checker Glenn Kessler, who explored Perry's line that “Since June of 2009, Texas is responsible for more than 40 percent of all of the new jobs created in America."

Kessler notes the following:

This is a great-sounding statistic, and likely will form the core of Perry’s campaign against a presidency that thus far has negative job creation.

But, as always, there needs to be some context. The Federal Reserve Bank of Dallas has especially promoted this figure, and even it acknowledges that the number comes out differently depending on whether one compares Texas to all states or just to states that are adding jobs. Since Texas is adding jobs, and many other states are losing jobs, Texas’s gains become out-sized in a general national survey.

So Texas's job gains look better because lots of states have lost jobs. And this is supposed to be a criticism?

Here's the bottom line. If the national economy is still doing poorly when President Obama stands for reelection, attacking the job gains in Texas is not going to be an effective political strategy, for several reasons. One is that with things looking that bad, any economic success story is going to look good by comparison, even if liberals try to poke holes in it. Second, as David Freddoso noted, is that Texas's jobs are 40 percent of the national jobs numbers -- so is Obama going to argue that a good chunk of the jobs created under his presidency were bogus? Third -- is Obama going to attack Perry's job figures as spurious, and then turn around and claim that his administration "saved or created" 4 million jobs and expect to be taken seriously?

Who needs jobs, there is always Oblamer money to be had.

 

[RobDownSouth]

Of course, it would not be hard to find someone at Mises.org calling Reagan a Socialist...

Hayek called Keynes a Socialist,
Mises called Hayek a Socialist, and
Rothbard called Mises a Socialist!!!

And let's not forget you and Vetty calling anyone who disagrees with you a "socialist" too!

 

[busybody..]

BARACK OBAMA MUST BE A ROBERT HEINLEIN FAN! Robert Heinlein:


Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as “bad luck.”

Barack Obama:


“We had reversed the recession, avoided a depression, gotten the economy moving again,” Obama told a crowd in Decorah, Iowa. “But over the last six months we’ve had a run of bad luck.”

Fan, instantiation, whatever.

 

[Frisco_Slug_Esq]

And let's not forget you and Vetty calling anyone who disagrees with you a "socialist" too!

I call people Socialist who agree with me 90% of the time.


Ask Perg and kbate...

(Now, knock it off with the attacks TurnerLeaf.)
__________________
Remember: once you organize people around something as commonly agreed upon as pollution, then an organized people is on the move.
Saul David Alinsky
Rules for Radicals

 

[busybody..]

O'FENDY and LOST IN LOSER VILLE

How DARE you call me on so called RACISM

HOW DARE YOU???????????????????????​

This is where your ire should be directed

Pelosi Backs Sheila Jackson Lee’s Claim GOP Resisted Raising Debt Ceiling Because Obama Is Black…

How unbelievably pathetic.

O'Fendy, didya see that shit?^^^^^^^

bash teh DUMZ, not BUSYBODY!​

 

[Frisco_Slug_Esq]

Okay kike...




I like Kike! Gefilte me?

 

[busybody..]

You are Gefilte Shit!

 

[Frisco_Slug_Esq]

It is difficult not to notice that most of the financial, economic and societal problems making headlines in the world today are centered in Europe and the United States. The reality is that the "West" has finally reached the point of saturation wherein its economies and societies can no longer afford to guarantee a certain standard of living for the citizens of these countries in exchange for votes.

These nations have two factors in common: 1) they are all either confirmed to be or determined (as in the case of the United States) to become socialist democracies; and 2) they have evolved into overwhelmingly consumption-based societies, greatly diminishing their goods-producing sector (which generates the real wealth of a nation), thus eroding their job-creation ability as well as the nation's wealth and tax base. Yet the governments of all these countries continue to deficit spend, over-tax (chasing wealth and job-creation off-shore) and borrow in an effort to meet the expectations of the people.

This never ending downward cycle is about to crash as the central banks in Europe and the United States cannot continue to, in essence, print money and guarantee the balance sheets of the banks and government debts of the various nations caught up in this maelstrom.

It is the exception that a country in this sphere is not facing long or short-term insolvency. A cursory review of the American Thinker National Insolvency Index (10 being the benchmark with the index above 10 for three or more years indicating a severe potential of insolvency and near intractable societal problems) is a follows for a variety of countries in the West including some that are recently in the headlines.

Chart: http://www.americanthinker.com/2011/08/the_poisoned_fruit_of_social_democracy.html

The higher the Index above 10, the greater the problems that country is experiencing and viable solutions to solve these dilemmas will be increasingly difficult to enact. This has been proven out in the budget fights in Washington D.C. and the failed attempts to pass austerity packages in the various capitals of Europe.

It is no coincidence that that so much of the global financial chaos resides in the Western world. This region that has been dominated by the failed philosophies of socialism/Marxism and an assumption that prosperity would never end. Social democracy was a devil's bargain, based on the assumption that the engine of that prosperity -- capitalism -- would never cease to produce wealth and revenue to the government, which could buy votes with it. However, it now has all crashed, as the reality of a global economy has come to pass and many other nations are in the equation, having taken over the goods-production and innovation activity once dominated by the West. Unless and until the West again becomes more of a goods-producing and exporting region by dramatically changing its politics and economic philosophy, it will continue to descend into further chaos as these economies are cannibalizing themselves in order to maintain their flawed societal commitments.

...

The Left and the Socialists will point to the ever growing disparity between the have and the have-nots in society as the justification for this redistribution viewpoint and continued demonization of the wealthy and capitalism in general. However, the reason for this growing disparity is not the so-called greed of the "rich." It is the result of the radical socialist policies of the Left and the restructuring of the various economies which now create mostly low paying service jobs, if any. There is little opportunity for upward mobility as the high paying value-added jobs in goods-manufacturing arena, as well as an environment to promote entrepreneurial creativity no longer exists.

The question is: can the West change? With the possible exception of the United States, it appears the answer is: no. There will have to be a complete collapse of the European economy, the euro (which was created on the backs of the Germans), as well as ongoing civil unrest and destruction before reality finally sets in. The United States can avoid this making scenario by the certain there is a viable outcome in the next election.

Steve McCann

 

[Frisco_Slug_Esq]

You are Gefilte Shit!

So, racist, or terrorist?

 

[busybody..]

So, racist, or terrorist?

You?

naive

simplistic

pusillanimous

BUT WAIT!

THERE'S MORE!

and an

OBAMA PUSSY SUCKER

cause if YOU get PISSED at OBAMA being called NIGGER

You are an OBAMA PUSSY SUCKER

 

[busybody..]

If anyone has a better term than

NIGGEROMICKS

Tell me


U.S. housing starts fall 1.5% in July as building permits drop; June figures revised lower

 

[Frisco_Slug_Esq]

If anyone has a better term than

NIGGEROMICKS

Tell me


U.S. housing starts fall 1.5% in July as building permits drop; June figures revised lower

The drop in unemployment claims will be revised over 400K with little passing comment, having once already been used as a sign divine...

 

[unregistered]

 

[koalabear]

Isn't that a given every week?

Seems like it.

Moody's revises US forecast downward

On Monday the international rating agency Moody's revised its forecast downward for the U.S. with regard to the real GDP growth in the second half of 2011.

Now it is estimated at 2 per cent against the 3.5 that was expected earlier, reports Bloomberg.

http://english.ruvr.ru/2011/08/16/54698548.html

 

[shoulderblade]

The question is: can the West change? With the possible exception of the United States, it appears the answer is: no. There will have to be a complete collapse of the European economy, the euro (which was created on the backs of the Germans), as well as ongoing civil unrest and destruction before reality finally sets in. The United States can avoid this making scenario by the certain there is a viable outcome in the next election.

I don't think this is quite right.

Some Western countries are not as meshed in to socialism as the Europeans. Not sure about New Zealand but both Australia and Canada can generate considerable capital via commodity sales.

US has a big advantage here due to its higher population and its higher education institutions.

Possibly this is a new world/old world problem.

 

[koalabear]

Job creation ideas lift market.

Updated: 08/16/2011 09:53 ET
DOW 11,367.37 -115.53

 

[trysail]

It died of self-inflicted gunshot wounds

http://media.npr.org/assets/img/2011/08/08/broelmanaugust08-cag_custom.jpg?t=1312808797&s=4

​