Rightwing Economics Simply Do Not Work
Not that it matters of course because the GOP uses faith based economics.
The Minnesotan left-wing economic miracle continues, while neighboring Republican states slowly collapse
But this is all the more remarkable when compared the fate of the Republican-run, austerity-fuelled neighboring states, where a succession of GOP governors and state houses have slashed taxes on business and the wealthy, eliminated social spending, and attacked trade unionism. They are running deficits, the people there are earning less than their Minnesotan cousins, they're adding fewer (and worse) jobs, and posting less growth.
March 17th, 2017 12:02pm
Yes, but voting for Democrats won't make America great again.
March 17th, 2017 2:55pm
The DNC don't have any policies.
March 17th, 2017 3:00pm
Hillary certainly did.
March 17th, 2017 4:29pm
March 17th, 2017 4:30pm
March 17th, 2017 6:08pm
Oh for fucks sakes, that just pandering gibberish.
March 17th, 2017 6:20pm
Leftwing economics don't work either. If you're going to talk shit then at least be intellectually honest about both ends of the spectrum.
March 17th, 2017 8:23pm
You asked, I answered.
March 18th, 2017 10:01pm
Leftwing economics is what pulled the world out of the Great Depression.
March 18th, 2017 10:43pm
Left wing economics could have pulled us out of the 2007 semi-depression much more quickly and avoided all of the "populist" nonsense that is going to be the end of us all.
March 19th, 2017 9:47am
The Depression was actually ended, and prosperity restored, by the sharp reductions in spending, taxes and regulation at the end of World War II, exactly contrary to the analysis of Keynesian so-called economists.
March 19th, 2017 10:26am
March 19th, 2017 3:02pm
The Depression was ended through massive Government investment (hundred billion dollar worth per year) in producing war materiel, and putting all those unemployed into the military.
Along with massive war-bond drives so it all didn't have to be borrowed or printed money. Along with up to 90% taxation rates to capture anyone trying to profiteer off the war effort.
These policies were stringently opposed before Pearl Harbor by the Republicans, who thought such enormous Federal spending to put people to work was unconstitutional. But for the War, that was different.
The subsequent boom AFTER the war was created by the GI-Bill sending all those ex-soldiers to school, so they didn't descend upon the job market en-masse.
No, right-wing Supply-Side economics simply do not work, and have not worked the last three times we tried them, under Reagan, Bush-I, and Bush-II. Each time they led to massive deficits that required tax-increases just to manage them -- or led to economic collapse, in the case of Bush-II.
But here comes Trump to try them a fourth time. The secret is, Supply-Side Economics works GREAT for Millionaires and Billionaires, who get to increase their share of the wealth, while it works horribly for the poor and middle class, who find their services cut, their social safety-net reduced, and even lose access to some services like Health-Insurance.
March 20th, 2017 5:17pm
March 20th, 2017 5:39pm
"I am Director of Entitlement and Budget Policy for the Heartland Institute, Senior Advisor for Entitlement Reform and Budget Policy at the National Tax Limitation Foundation, General Counsel for the American Civil Rights Union, and Senior Fellow at the National Center for Policy Analysis. I served in the White House Office of Policy Development under President Reagan, and as Associate Deputy Attorney General of the United States under President George H.W. Bush. I am a graduate of Harvard College and Harvard Law School, and the author most recently of America's Ticking Bankruptcy Bomb (New York: Harper Collins, 2011). I write about new, cutting edge ideas regarding public policy, particularly concerning economics."
"National Tax Limitation Foundation".
So, a Supply-Side POLICY expert (NOT an economist) claims a "common fallacy" is that the Great Depression was ended by the END of WW-II.
And you BELIEVE him? How gullible. Confirmation bias, perhaps.
March 21st, 2017 9:24am