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02-14-2012, 06:05 PM
TheRealThing Wrote:The notion that cutting taxes is a good way to stimulate the economy is the stuff of Reaganomics. Remember the trickle down theory? Only the most absurd among liberal economists would now even offer a suggestion that the economics of the Reagan Administration were anything but awe inspiring. Not only did the American economy abruptly turn from 13.5% in 1980 (during the last year of the democratic Carter administration) to 1.9% a scant 6 years later in 1986.Of course, I just found the article and thought it might spur talks, but as you know as a union man, times were very tough for the union worker during Reagan's stay in the white house. I know many union guys that couldn't buy a job in those years. Some nearly starved out, including my dad, and his dad. I remember Reagan well.
Reagan drug reluctant democrats, who were arguing just like they are now that their policies just needed more time for Americans to fully realize their benefit, along with him down the trickle-down prirose path. Not only did we see the two total polar opposites, of economic workings in the form of bust (Carter) and boom (Reagan) we saw both happen inside of a decade. Light speed for that kind of a turnaround by all expert accounts.
Now, we have the Democrats, quoting Reagan and touting their alignment with him while running for office or making a political case for themselves to their voting base. We have articles such as the one posted by RV in this thread where Obama is trying to make political hay by taking a political position which, has been Republican by definition for lo, these last three plus decades of Washington politics as usual. Again, proving my case that Democrats will do anything, including take Republican positions on the issues, to stay in power. I mean, if I didn't know better, I'd think the idea of spuring the economy by tax cuts was democratic in origin. This whole deal is shell game of course, in that the thing that seperates Obama in the case of the tax cuts he calls for, from his self declared hero in the person of Ronald Reagan, is the fact that Reagan gave tax breaks to the top level tax payer so they would invest more and thus, allow money to trickle down to the hourly folks. All Obama is doing with this is buying votes, the Republicans are okay with it because it is one small baby step in the direction they want to go.
LINK----http://money.howstuffworks.com/trickle-down-economics.htmhttp://money.howstuffworks.com/trickle-down-economics.htm
When you think about it, the two positions are in tremendous contrast. Omama wants to suck the rich dry with ever increasing taxes and entitlement It's almost all he talks about, 'the pay their fair share argument.' Which, if parroted by the main stream media and members of his administration enough times will stick in the minds of their base, exactly like the slams against Sarah Palin did when she ran for office with McCain.
Messages In This Thread
Dems delight over GOP payroll reversal - by TheRealVille - 02-14-2012, 05:01 PM
Dems delight over GOP payroll reversal - by TheRealThing - 02-14-2012, 05:53 PM
Dems delight over GOP payroll reversal - by TheRealVille - 02-14-2012, 06:05 PM
Dems delight over GOP payroll reversal - by TheRealVille - 02-14-2012, 06:06 PM
Dems delight over GOP payroll reversal - by TheRealThing - 02-14-2012, 06:10 PM
Dems delight over GOP payroll reversal - by TheRealThing - 02-14-2012, 06:18 PM
Dems delight over GOP payroll reversal - by Hoot Gibson - 02-14-2012, 07:13 PM
Dems delight over GOP payroll reversal - by TheRealVille - 02-14-2012, 07:37 PM
Dems delight over GOP payroll reversal - by Hoot Gibson - 02-14-2012, 08:12 PM
Dems delight over GOP payroll reversal - by TheRealVille - 02-14-2012, 08:48 PM
Dems delight over GOP payroll reversal - by Hoot Gibson - 02-14-2012, 09:07 PM
Dems delight over GOP payroll reversal - by TheRealVille - 02-14-2012, 09:34 PM
Dems delight over GOP payroll reversal - by Hoot Gibson - 02-14-2012, 09:52 PM
Dems delight over GOP payroll reversal - by TheRealVille - 02-14-2012, 10:24 PM
Dems delight over GOP payroll reversal - by Hoot Gibson - 02-14-2012, 11:07 PM
Dems delight over GOP payroll reversal - by TheRealThing - 02-15-2012, 02:16 AM
Dems delight over GOP payroll reversal - by TheRealThing - 02-15-2012, 02:48 AM
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