Why the GOP Won't Admit Supply-Side Econ Has Failed

The Fiscal Times ^ | 12/4/2012 | Mark Thoma

[Lakeshark]

I also use lots of colorful dumb and misleading charts.

Fixed your sentence.

:-)

[Lakeshark]

Playing with the brain dead gives me very little pleasure.........here, explain this kind of insanity or what one might call “progressive thinking”: http://hotair.com/archives/2012/12/03/polls-nation-that-re-elected-obama-wants-more-spending-cuts-than-tax-hikes-still-hates-obamacare/

[what's up]

And it is true that since supply-side became ascendant the fruits of additional GDP growth have become more and more concentrated in the upper income levels.

Yes, producers DO make money!

Duh.

[ksen]

I suppose you think our economic problem is not taxing the rich enough rather than spending our children's and grandchildren's money on nonsense that does no good for anyone.......

Let me get back to you after I consult the Collective.

[Darksheare]

What has failed is not supply side economics.
What has failed is government interventionism.
You cannot honestly say that supply side has been implemented when you have government pushing GM, buying GM, pushing, promoting, propagandising the Volt etc and nobody is buying the darn thing.
We’ve had a semi-managed economy since 2009.
Semi-managed because government doesn’t control everythig -yet.
But, we’re going to see MUCH worse for the next four years.

And it won’t be supply side economics that is failing for the next four years.
It will be Obama’s blundering attempts to shove his garbage down our throats and stifle businesses all in a misguided effort to punish America for success.

[ksen]

Fixed your sentence.

You are a very good FRiend.

[rxtn41]

The middle and lower class have gotten hourly wage increases —oh HRI is tied to all union contracts..and the every one pays more for every thing cause the cost of all products, goods and services go up...

[Lakeshark]

Let me get back to you after I consult the Collective.

I suggest a move to Cuba for that, then you can explain to us how they have the greatest health care system in the world.......

[ksen]

The middle and lower class have gotten hourly wage increases

Nominally you are right but when compared in constant dollars you are wrong.

[ksen]

It will be Obama’s blundering attempts to shove his garbage down our throats and stifle businesses all in a misguided effort to punish America for success.

If Obama really wants to punish success he is doing a terrible job at it since corporate profits are up over 77% during his tenure.

Obama's policies so bad for economy, corporate profits managed to increase 77.9%

The Best Presidents for the Economy

[Lakeshark]

TSk. TSk.

You're slipping. You made no comment on my link to the survey of Obama voters. They (you) somehow think we need more spending cuts, less tax increases and hate the effects of Obamacare, yet still voted for him. They instinctively know his policies are wrong, even bad for us, yet they vote for them.

Is it fair to say you're all schizophrenic? Or would that be just plain crazy........

[Lakeshark]

I forgot to mention the exit polls where Obama voters actually think democrats are the party of lower taxes....

Stupid? Uninformed? Insane? I vote for all three.

[ksen]

Here's some more pictures that show had bad Obama has been for the economy:

[ksen]

I missed your link. I’ll go look for it.

[Darksheare]

What do you think Obamacare, the tax therein, and the trillion dollar tax himkes are suppsoed to do?
plus, much of the figures this admin has put out would make Goebbels blush.

[Lakeshark]

Once you read about how shizophrenic you all are, come back and list one accomplishment, one thing Bambi accomplished or fixed in his first term that made you think he deserved your vote.

I know, I know, you have to read the liberal blogs to find one, no pressure, but you won't find one even there........

I'm betting this assignment will take you a long time to reply to.

[Tau Food]

Lakeshark, Darksheare, you are wasting your time worrying about ksen's posts. This debate about marginal tax rates and economic growth has been going on for decades.

It seems likely that the highest marginal rates will be jacked up at least a couple of points in the near future. Your real worry should be the possibility that the economy might thereafter improve and maybe even improve dramatically.

But, no matter what happens, the same debate will continue. On and on and on and on . . . The economy is always complicated enough that there will always be plenty of evidence for both sides.

[ksen]

They (you) somehow think we need more spending cuts, less tax increases and hate the effects of Obamacare, yet still voted for him. They instinctively know his policies are wrong, even bad for us, yet they vote for them.

I think you are misinterpreting what you read at HotAir. The people you are complaining about are Independents. I'm not an independent. And those who hate the affects of Obamacare are Republicans and Independents, not Democrats so it's the Independents that could be schizo, not the Democrats.

[Lakeshark]

Hint: His graphs are posted upside down.....

:-)

Fact 1: This is the weakest recovery since the great depression.
Fact 2: He promised that his stimulus would prevent us from htting 8% unemployment. It's still higher than that, and it's likely we are going back in to recession.
Fact 3: He promised to cut the deficit in half, he more than doubled it.
Fact 4: Real wages have gone down under his policies, over $3,500 per household. REAl buying power has gotten worse under his policies, energy, food, and most necessities have gone way up in price.

Yet ksen still voted for him. Shizophrenic? Insane? Stupid? Yep, his voters are all three combined.

[Lakeshark]

Sorry, that's 800 Obama voters.

You're all dumb as stumps, like the Obamaphone lady......

Fee stuff! Free stuff!

:-)