Thread: Reaganomics is a failed policy.

Originally Posted by Think for myself

The lies go on!

You are not even close to correct. FDIC, FHA, and the TVA are new deal programs that are still alive today.

FHA was the ragweed seed that caused today's global economic meltdown.

Originally Posted by Freedom for All

Supply side economics was a completely successful policy.

Reagan set record deficits what, 5 or 6 of his years in office? He was another republican big spender.

Originally Posted by Freedom for All

Supply side economics was a completely successful policy.

That policy was: Cutting taxes, because the government is one the wrong fucking side of the Laffer Curve, will cause increased economic activity which will increase tax revenues to the government.

It worked fucking great.

The fucking socialists in the House, aka mostly Democrats, broke their agreement to cut spending by the amount defense spending HAD to be increased to revover from That Idiot Carter.

The socialist spending increases, 100% on unconstitutional items, ballooned faster than the supply side policy could increase revenues.

Clearly it was the socialist aspect of the policy that was the failure, since the supply side aspect worked as planned.

What do you fools expect to happen to the economy when Obama raises taxes on fucking everyone except the maggots who don't pay taxes already?

I heard him today. Obie said he's going to tax the nation into prosperity.

Amazing how stupid the people who support him are.

Just curious, but do you have any source for that? I suppose I believe you right now but I have looked many times for a non-defence spending chart but I couldn't find it.

True, the big government economics of the Reagan era needs to be replaced with sound free market principles ASAP.

Originally Posted by Defensor

True, the big government economics of the Reagan era needs to be replaced with sound free market principles ASAP.

Not with the latest GM situation. We are already at Socialism.

A free market would force GM to make a better product. A free maket would put power in the hands of the consumer.

But no, the US government will congratulate GM and hand over money to keep them afloat to make more shitty cars that don't run.

Originally Posted by Freedom for All

What do you fools expect to happen to the economy when Obama raises taxes on fucking everyone except the maggots who don't pay taxes already?

I thought the only people who don't pay taxes are criminals or non-citizens? (Tribal peoples and religious tax shelters aside, of course)

Originally Posted by Freedom for All

except the maggots who don't pay taxes already?

Amazing how stupid...

FFA you have some seriously problems if you are calling people who are too poor to pay taxes maggots.

I am not kidding.

Originally Posted by Pragmatist

Reagan set record deficits what, 5 or 6 of his years in office? He was another republican big spender.

You should stop specializing in ignorance and try reading whole posts.

Here's something I don't understand.

If there are 20 people who would like to buy a new computer, and 5 of them have enough money to buy one, and you cut Dell's taxes, you've improved Dell's bottom line. But nobody has ever explained why Dell would suddenly make more computers or hire more people. There are still only 5 people who can afford those computers.

On the other hand, if you lighten the load on consumers-- the people who actually spend money and drive the economy --and you now have 7 people who can afford a new computer, then Dell's profits go up, they hire people to meet the increased demand, and the wonderful cycle begins anew.

Sure, Dell could give away its tax cuts by cutting into its profit margin, making the computers cheaper, and trying to thereby get that market up to 7 people. But first of all, I'm not bloody well counting on the generosity of corporations to give the consumers the break they need. And second of all, that doesn't actually change anything. It's just Enron accounting bullshit. Nobody makes any more money, nobody is moving any more money around.

And all the "economy" is is money moving from one place to the next.

If rich people get richer and have more money, and decide they want to make more money with that money...what the hell are they going to invest in if 100 million consumers are stuffing their paychecks into their mattresses and hunkering down for the long slow grind of recession?

Which brings me to another observation. Every morning I turn on the radio, and every fucking day I hear some goddamn media whore spouting off some story about how shitty it all is, how awful it's all gotten, how everyone is fucked. Believing as I do that consumer confidence and new technologies are what drive the economy, I can't for the life of me figure out why these assholes are in such an all-fired hurry to fuck with the collective psyche and throw yet another goddamn wrench into the gears by terrifying the mob. Shut the fuck up already you stupid fucking bastards. You're going to have a hard time selling advertising space if everybody is forced to discontinue their television service and cancel all of their newspaper and magazine subscriptions because you helped drive the economy into the dirt. The media-wide relentless harping on how shitty our economy has gotten is another example of how a greedy, short-sighted, stupid few don't mind fucking things up for the vast majority of people by going for the quick buck now...even if ultimately the consequences will hurt them as well.

Originally Posted by Freedom for All

You should stop specializing in ignorance and try reading whole posts.

When posts are not a load of bullshit I tend to read them. Yours I usually just skim over.

You always talk about cutting spending and then in the same breath say Reagan, the biggest spender in history next to GW, was great. It just tends to make me want to puke.