BS: Repubs Wedded to Voodoo Economics???

Subject: BS: Repubs Wedded to Voodoo Economics???
From: Bobert
Date: 19 Jul 10 - 10:15 PM

Well, seems like we're strating over... You know, back to the 1980's Republican primaries and Bush I callin' Reagan's claim that cuttin' taxes would increase federal revenues greater than the value of the cuts... Well, hasn't happened in 30 years but, hey, ya' gotta give the Repubs credit for stickin' with a 30 year old failed economic experiement... I mean, that's loyalty to a fault...

Any defenders out there who think that more tax cuts will bring in more revenue or that tax cuts to businesses, which are presently drowing in cash and not hiring, will hire if they have even more cash???

I mean, if you are out there, please reveal yourself and make yer arguements for continuing a failed policy...

B~

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Bill D
Date: 19 Jul 10 - 10:28 PM

Why, Bobert...one might think we are watching some of the same news programs...*gasp*

(I just posted similar stuff in the other thread)

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Bobert
Date: 19 Jul 10 - 10:35 PM

Well, that too, Bill... But all the issues are comin' into play this year... Or should be... I really don't think the Repubs can make it to November by just attacking Dems and catering to the Tea Party (whatever that is)... I mean, the Dems are gonna call them out on this one 'cause making the Repubs defend failed policies is right up the Dems alley...

But that ain't the issue here... The policies are... I'm just wonderin' if any of the Repubs here will be willing to do kinda a sneak-preview of the October debates should the Dems box the Repubs into a corner on this issue and make the Repubs try to fight their way out...

B~

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Joe Offer
Date: 19 Jul 10 - 10:41 PM

You have to give George H.W. Bush credit for coining a phrase like "Voodoo Economics" to describe "Reaganomics." I always kinda liked the elder George...

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Bobert
Date: 19 Jul 10 - 10:45 PM

Well, Joe, he certainly had an understanding of Econ 101... lol...

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Bill D
Date: 19 Jul 10 - 10:46 PM

The elder George sky-dives on his birthday. That gets him LOTS of extra points. He really meant well...but...

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: mousethief
Date: 19 Jul 10 - 11:20 PM

If you look back at the presidential administrations since Reagan's first administration, you will see that Democratic presidents tend to move the budget towards balanced, and during their administrations the economy booms. Republicans tend to drive us further into debt, and have a negative effect on the economy. Tax cuts for the rich. Yeah.

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: LadyJean
Date: 19 Jul 10 - 11:33 PM

The idea is that big business creates jobs. The problem is, it creates jobs in Sri Lanka.

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Bobert
Date: 20 Jul 10 - 07:56 AM

Well, mouse, there's a reason fir the Repubs running high deficits... They are the big spender party... Yeah, they have done a masterfull "BIGASS LIE PR" job on the dumbed down masses in portrayin' the Dems as the big spenders but the truth of the matter is that it is them who just can't resist buying stuff... It's kinda like "welfare mentality" if ya' ask me...

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: artbrooks
Date: 20 Jul 10 - 08:05 AM

Little known factoids about RR: he presided over the biggest tax increase in US history.

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Riginslinger
Date: 20 Jul 10 - 10:26 AM

That's true, Art, but different people paid it. First he lowered the highest rates of personal income taxes, then he greatly increased the rates for social security taxes. But since the social security taxes always wind up in the general fund--thanks to that buffoon, LBJ--the working people ended up with the bill.

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: olddude
Date: 20 Jul 10 - 10:52 AM

Unless there is a move to discontinue the tax breaks for moving jobs overseas there will continue to be a decline in jobs. It is far too attractive for US based companies to located manufacturing plants elsewhere and there is great tax incentives to do so .. But I hear no one talking about that ...

I hear reps fighting about wall street reform and how it is not American. But how did we get into this mess, well we were stupid enough to think banks and wall street could self regulate .. ya right .. dropped all the safeguards we had in place and see what it got us.

Trickle down doesn't work .. the best way to create jobs is to provide incentives to small business. Big corporations look for ways to get rid of employees to maximize profits to the owners not create more jobs. Jobs is a dirty word to most large corps and very wealthy .. never worked in the past never will ..

Bulk of American jobs today ... service and small business ... no manufacturing cause we do that all in China and every place else ..

fix the tax incentives to move manufacturing jobs overseas and you will get manufacturing jobs back .. but that ain't going to happen no matter who is in the white house

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Richard Bridge
Date: 20 Jul 10 - 06:50 PM

Yeah. Over here too.

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: GUEST,MarkS(on the road)
Date: 20 Jul 10 - 06:59 PM

Little known factoids about RR: he presided over the biggest tax increase in US history.

Yup. That was TEFRA, or the Tax Equity and Fiscal Responsibility Act of 1982.

The deal at the time was that for every dollar of tax increase congress would find three dollars of spending reductions. And we all fondly remember how well that worked out.

Anyhow, revenue increased from about $956 billion in 1980 to $ 1221 billion in 1990. TEFRA brought in about $ 35 billion/year of that, so I suppose you could argue that the rest came from increased economic activity due to the tax rate reductions (ala JFK) of 1981.

BUT - Spending went up even more, making deficits worse.

So stop grumping about taxes and get my check in the mail. Oh, and since I am now eligible for Social Security and Medicare, would all the rest of you kindly do lots of gigs, make lots of money, and pay lots of taxes so I can live in the style to which I would like to become accustomed!

Mark

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Bobert
Date: 20 Jul 10 - 08:07 PM

Well, yeah, ol'ster... The loopholes for the wealthy go on and on and on...

Here's one that most folks don't know... Do you know that if I am a COE of some bigass corporation and I want to move my operation to Pakistan or China that those countries will subsidize me... Yeah, they'll put in roads to my plant... They'll help build my factory or textile mill... I mean, ain't that some form of socialism??? Well, yeah, it is but other countries are willing to do that and guess what... Those fatcorries and those roads and whatever elese they build me to move my operation are assest of my corpoartion which are *not* taxable!!! That is real...

BTW, people joke about offshore acoount, like the Camen Isalnds, but it ain't no joke... American hide hundreds of billions of dollars in these things and therefore, those dollars are not, ahhh, taxable...

But nevermind that crap...

This thread is about voodoo economics... Loophole economics is another discussion...

B~

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Wesley S
Date: 20 Jul 10 - 08:47 PM

Have I missed the posts from the conservatives defending their spending practices? Have any of them been deleated?

I thought not.....

I'm looking forward to hearing their side of it. I missed Tim Burtons "Alice in Wonderland" at the theaters.

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Bobert
Date: 20 Jul 10 - 09:33 PM

No, Wes, the Repubs are sworn to secrecy until the election... They don't wnat any voters to actually know what they have in mind...

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: GUEST,MarkS(on the road)
Date: 20 Jul 10 - 09:49 PM

From the old joke, the difference between capitalism and socialism:

Capitalism: A political system in which one class exploits the other.
Socialsim: The exact opposite.

Make the necessary changes to Republican and Democrat.

Got it yet?

Mark

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Bobert
Date: 20 Jul 10 - 10:45 PM

Yeah, Mark...

Findin' the middle ground is no longer possible... Seems folks is takin' up irreversable sides???

So don't look fir the necessary changes until this resession really sets in... We only seen the tip of the iceburg...

The capitalists are holdin' the economy hostage because they have come to believe that if they're gonna get off their lazy asses and go out and work, and hire people, that they want a % on their invetsment... Hey, I understand all that... What I don't understand, however, is that there are millions of small businessmen, myself included, who need credit to operate and who can supply jobs who the banks, (the very same banks that loaned us money--- no stories asked--- when times were boomin') are now sayin', Sorry..."... Lot of 'um, too...

So the capitalists are holding the American economy at bey??? Hmmmmm??? I guess my only question here is, ahhhhh, why??? Seriously.... Why???

BTW, word on the street that Fortune 500 has $1.7T in cash just sittin' around that they have no current or forseeable interests in putting into jobs or much af anything...

This the current breed of capitalists... Lazy... Greedy... Corrupt and...

...spoiled rich kids who could us a good ol' fashioned ass whup...

B~

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: mousethief
Date: 20 Jul 10 - 10:51 PM

Nationalize their asses. They already think Obama is a socialist. Why not play along?

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: The Fooles Troupe
Date: 21 Jul 10 - 09:12 PM

I would call it nearer to "Cargo Cult" Economics.

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: The Fooles Troupe
Date: 21 Jul 10 - 09:15 PM

"Trickle down doesn't work "

I'm assured it does, if she stands up AFTER being scr.....

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: Bobert
Date: 22 Jul 10 - 08:17 AM

"Nationalize their asses"??? Yeah, I kinda like that idea... When you think about it it does seem criminal that so few people can tir up the US economy like what is occuring today... The GNP (growth) is dependent on the "multiplicity factor"... It's not how many dollars there are but how many times those dollars get turened over... If you have a group of folks who have corraled them dollars for themselves and rae hoarding them then those dollars can't be exchanged and there is no way that they can help the GNP (growth) picture...

B~

Subject: RE: BS: Repubs Wedded to Voodoo Economics???
From: ollaimh
Date: 22 Jul 10 - 12:18 PM

unfortunately in canada we have the same problem.every conservative government since ww2 has run major deficits while evry liberal governmenthas either run surplusses or only small stimulative deficitss. the corporate media have convinced most people they cons are the good fiscal managers.

the last liberal government ran tensurpusses in a row and the media howled about the lack of tax cuts . all the while we still had a long term debt.

harpers tories have cut taxes and massively increased spending , before the down turn. so we are inthe biggest deficit in canadian history. in nineyears the mulroney tories almost doubled our nationalindebtedness. harper in going down the same road.

i understand the neo con ideologs believe the "atarve the best" theory. spend so much the government goes bankrupt then the social spending will have to stop. its a crazy theory. totally irresponsible.

at least here in canada harper can't get a majority, even with everything goingfor him. we still have major liberal strongholds--most cities. unfortunalely we also have a parliament where ruraslseats have 25% to 30% less voters--something not allowed under the american constitution. so the rural vote keeps the tories afloat.

so hoe do you get voters back toeconmic common sense? you have tospend what you earn.

i sawa tellimg interview when warren buffet said he realized something was wrong when he realized his secratary was paying more taxes than him. this push for no taxes on the rich has been going on for decades. thisis much likewhat happened in france before the revolution where the rich got exemption from all taxes over centuries, leaving thepoor to shoulder all the tax burden--you all now how thatturned out.

i suspect america issofar indebt now it will have togo bankrupt and drag down the whole international monetary system. then lookout lou.who knows what will happen.

these economickooks are playing brinkmanship with our lives and they should be held accountable