Rightguide
Prof Triggernometry
- Joined
- Feb 7, 2017
- Posts
- 68,800
This is double Obama's $787 billion American Reinvestment and Recovery Act which accomplished nothing.
The entire FDR New Deal was 41.7 billion at the time.
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This is double Obama's $787 billion American Reinvestment and Recovery Act which accomplished nothing.
This is double Obama's $787 billion American Reinvestment and Recovery Act which accomplished nothing.
This is double Obama's $787 billion American Reinvestment and Recovery Act which accomplished nothing.
The entire FDR New Deal was 41.7 billion at the time.
Biden didn't do shit... he's a barely functioning mouthpiece with little to no say so in anything.![]()
Totally adorable how you believe Democrats will deliver on health care for the American people. What's Santa bringing you this year? A bike? A sled maybe?
I'm not sure Biden had any mandate.
He won for the same reason Trump won - the other candidate was a horrible person.
Biden didn't run on and nobody voted for the priorities of Bernie Sanders in the last election
Biden is implementing most of Bernie's proposals.
Yep, Bernie the Communist. Joe didn't run on Bernie's agenda though, He has no mandate to do what he wants to do.
Hey, jomar, it's your side that expanded "infrastructure"
to mean any and all political pork spending that could be dreamed up...
In that case I guess it was dems turn after the trump admin gave all those tax breaks to to businesses, promising trickle down would really work this time, including a bunch of stuff super favorable to real estate developers.
But, as negotiations go, you start by asking for more than you expect to get while the other side does the opposite, no?
"Trickle down economics" is a red herring Democrats love to use. They invented the phrase to describe Reagan's economic policies.
Just one of many Big Lies they concocted for consumption by no-information types.
…
our economy was doing very, very well under the leadership of Trump...
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"Trickle down economics" is a red herring Democrats love to use. They invented the phrase to describe Reagan's economic policies.
Just one of many Big Lies they concocted for consumption by no-information types.
This is double Obama's $787 billion American Reinvestment and Recovery Act which accomplished nothing.
Most economists have argued that the stimulus was smaller than needed.[7][8][3] Surveys of economists show overwhelming agreement that the stimulus reduced unemployment,[9][10] and that the benefits of the stimulus outweighed the costs.[9]
It failed, too.
"New Deal denialism" is a term coined by historian Eric Rauchway in response to the start of the "New Deal made the Depression worse!" myth by revisionist journalist Amity Shlaes.[1] Naturally, this was parroted by George Will and sufficiently distorted by Faux Noise as the "consensus" among "historians."[2] Just in time to squawk about the stimulus package! In reality, however, three-quarters of historians don't believe that the New Deal prolonged and deepened the Great Depression. There is no consensus among economists as to whether the New Deal worked or not, however.[3]
Of course, Republicans have to re-write the history of the New Deal or all their laissez-faire bloviating falls flat. If the biggest Keynesian experiment in American history succeeded, it undercuts all their arguments that government can never do anything right (we mean, just look at the DMV).[notes 5] Here are the most oft-repeated denialist talking points and why they're wrong (most of which Rauchway goes into great depth about in the linked paper):
1. "The often overlooked Depression of 1920 only took one year to resolve itself with no government intervention." (See the Depression of 1920 page.)
2. Cherry-picked statistics a la Shlaes. (Shlaes and co. like to cite unemployment statistics that exclude government jobs for no other reason than that they weren't "real" jobs. Rauchway goes into detail about how Shlaes uses unreliable and non-standard stats that no honest historians or economists use to "prove" her case. The ironic thing is, even using the least flattering statistics, it still shows that economic conditions improved under FDR.)
3. "The NRA was communism!" (The favourite target of anti-New Dealers. The National Recovery Administration was a disaster, and even FDR recognized that. It became a hotbed of crony capitalism through legalized cartels that were allowed to fix prices, etc. It's true that the economy might have recovered faster without the NRA, but it was scrapped by 1935 and by 1936, GDP was back to pre-crash levels anyway. The NRA was only a major policy for two years.)
4. "It was World War II that got us out of the Great Depression, not the New Deal/all that government spending!" (Partially true. By 1936, GDP had recovered to where it was in 1929, though unemployment was still lagging behind it. Technically, we were no longer in a "depression" or "recession" at that point. As noted above, Republicans, as well as some in Roosevelt's cabinet, called for austerity measures. FDR complied and attempted to balance the budget, raise taxes, and allowed the Fed to run a contractionary policy. In 1937, the Roosevelt Recession rolled around and the economy dipped, but never back to the depths it had before. In fact, we were exiting the Depression by the time the Japanese hit Pearl Harbor. And for those that make the latter argument above, well, it's just damned stupid and incoherent. What do you call all the spending we did during WWII?![notes 6]
And the "FDR turned a recession into a depression" line is so removed from reality as to not even be worth responding to.
Biden is implementing most of Bernie's proposals.
Yeah, and until the ChiComms unleashed Covid from their labs . . .
This is true. It is not an economic term, it is a political pejorative.
Of course, they would never call Biden's massive spending (and debt)
trickle down. I guess because they know that it won't. It will stay at the top...
Totally adorable how you ascribe and attempt to move goalposts. This thread is about infrastructure. But maybe you lost track working hard on your feeble attempt to be cute and witty.
Infrastructure refers to the basic systems and services that a country or organization needs in order to function properly. For a whole nation, it includes all the physical systems such as the road and railway networks, utilities, sewage, water, telephone lines and cell towers, air control towers, bridges, etc., plus services including law enforcement, emergency services, healthcare, education, etc.
https://marketbusinessnews.com/financial-glossary/infrastructure-definition-means/
Due almost entirely to their own self-interest and devoted service to those who fund their campaigns, Democratic Senators Joe Manchin and Kyrsten Sinema have managed to either kill or mortally wound multiple elements of the social infrastructure bill that would have dramatically improved the lives of millions. Many of those items had already been removed from the standard infrastructure bill, on the promise they would be included in the second bill. This was a lie.
Gone, or almost gone from the bill are vital new climate provisions that would force utilities to move to clean energy; a Medicare expansion that includes dental, vision and hearing coverage; prescription drug pricing reform that is vital to funding the bill itself; free community college; new taxes on the ultra-wealthy; and 12 weeks of paid family and medical leave.
https://truthout.org/articles/socia...been-gutted-progressives-may-not-let-it-pass/
You mean the one he inherited from Obama and managed not to fuck up?
Not really. The term describes perfectly what your side promises all those tax cuts and big businesses friendly shit will do but never delivers even though repubs shove it down the nation’s throat when they have the majority.