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More accurately, Republicans always fail to reduce government because Democrats always oppose our Founders idea of freedom from big liberal government!
Liberals lack the IQ to understand how freedom works so must rely on the idea of a magical government solution for every problem.
No, that would be less accurate. Republican politicians fail to limit government because they generally have no interest in limiting government. They talk a good game during elections, and then never follow through.
too stupid but perfectly liberal !!! How can they follow through when Democrats oppose them easily by buying votes with promises of more and more welfare??? Also, Republicans have introduced 30 Balanced Budget Amendments since Jefferson's first. Newts passed the House and fell one vote short in the Senate. Democrats killed all 30. Get it now?? Do you know what our deficits would be now if Republicans had been able to follow through????????????????????
See why we are positive a liberal will be slow, so very very slow?
I suspect, EB, that David Stockman is in a far better position to understand HIS OWN POLICIES than you are.
You do know who David Stockman is, right?
So......the following is pretty much what "failure" looks like?
1. And the tax cuts of the Economic Recovery Act of 1981 stimulated economic growth. “As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid.” http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm
2. “As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth.” US Department of the Treasury
3. The benefits from Reaganomics:
a. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
b. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
c. Unemployment fell to 5.5% from 7.1% (Table B-35)
d. Prime interest rate fell by one-third.(Table B-73)
e. The S & P 500 jumped 124% (Table B-95) FDsys - Browse ERP
f. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116
4. http://www.bea.gov/national/nipaweb...ce=N&AllYearsChk=YES&Update=Update&JavaBox=no
a. A study of table 7.1 would show that between 1973 and 2004, it doubled. And between 1929 and 2004, real per capita consumption by American workers increased five fold. The fastest growth periods were 1983-1990 and 1992-2004, known as the Reagan boom.
Heck....don't you wish Obama was that much of a "failure"?
Yup. And Reagan created this "boom" by engaging in lustful deficit spending and tax cuts. And beginning the modern era of massive federal debts. And now you right wingers bitch about big federal debt.
For fuck's sake.
I suspect, EB, that David Stockman is in a far better position to understand HIS OWN POLICIES than you are.
You do know who David Stockman is, right?
So......the following is pretty much what "failure" looks like?
1. And the tax cuts of the Economic Recovery Act of 1981 stimulated economic growth. As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid. http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm
2. As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth. US Department of the Treasury
3. The benefits from Reaganomics:
a. The economy grew at a 3.4% average rate compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
b. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
c. Unemployment fell to 5.5% from 7.1% (Table B-35)
d. Prime interest rate fell by one-third.(Table B-73)
e. The S & P 500 jumped 124% (Table B-95) FDsys - Browse ERP
f. Charitable contributions rose 57% faster than inflation. Dinesh DSouza, Ronald Reagan: How an Ordinary May Became an Extraordinary Leader, p. 116
4. http://www.bea.gov/national/nipaweb...ce=N&AllYearsChk=YES&Update=Update&JavaBox=no
a. A study of table 7.1 would show that between 1973 and 2004, it doubled. And between 1929 and 2004, real per capita consumption by American workers increased five fold. The fastest growth periods were 1983-1990 and 1992-2004, known as the Reagan boom.
Heck....don't you wish Obama was that much of a "failure"?
Yup. And Reagan created this "boom" by engaging in lustful deficit spending and tax cuts. And beginning the modern era of massive federal debts. And now you right wingers bitch about big federal debt.
For fuck's sake.
Ed, do you seriously claim that the debt-fueled economic "successes" of the 1980s, known at the time by rational thinkers to be canned-heater grade economic theory, are not the sandcastle that collapsed in 2008?
Ed, do you seriously claim that the debt-fueled economic "successes" of the 1980s, known at the time by rational thinkers to be canned-heater grade economic theory, are not the sandcastle that collapsed in 2008?
too stupid!! economists fondly call the period "the great moderation."
Welcome to econ 101!! Did you ever think going to college might be a good idea??
The National Bureau of economic Research in 1999 declared the period 1982-99 one continuous macroeconomic expansion, " the longest sustained period of prosperity in the twentieth century."
J: and of course this is not to forget that Reagan ended the cold war, saved the world from nuclear annihilation, and set billions free from liberal communism.
J: When Reagan took office the misery index (unemployment + inflation was 20, when he left it was 10. In "The 7 Fat Years" Bartley aptly summarize Reagan's years by saying, "It was like we added another California to the US economy.
J: Kemp Roth was the largest tax cut in American History; enacted 8 months after Reagan too office. The Dow Jones average doubled during Reagan and real federal revenue grew by 24%.
NY Times: "One popular misconception is that the Republican tax cuts caused the crippling budget deficit now approaching 300 billion a year. The fact is the deficit resulted because the government vastly expanded what it spent each year." The new spending went to the military, but since it defeated communism it was worth every penny!!
Remarks by Governor Ben S. Bernanke
The Great Moderation
One of the most striking features of the economic landscape over the past twenty years or so has been a substantial decline in macroeconomic volatility. In a recent article, Olivier Blanchard and John Simon (2001) documented that the variability of quarterly growth in real output (as measured by its standard deviation) has declined by half since the mid-1980's, while the variability of quarterly inflation has declined by about two thirds. Several writers on the topic have dubbed this remarkable decline in the variability of both output and inflation "the Great Moderation." Similar declines in the volatility of output and inflation occurred at about the same time in other major industrial countries, with the recent exception of Japan, a country that has faced a distinctive set of economic problems in the past decade.
I'm listening to David Stockman on Wall Street Journal's website right now.
AAAAAAAAAAAAAAAMAZING mi culpa, folks.
VIDEO DESCRIPTION:
David Stockman, former Reagan budget director, says the Fed has become a serial bubble machine and t...he U.S. economy is headed toward collapse. He explains why he believes the machinery of government is massively failing, in an interview with WSJ's Jerry Seib.
AOL On - Are Bonds a Bubble About to Burst?
What is the guy saying?
EVERYTHING you believe about Reagan's fiscal conservatism is wrong.
I WAS WRONG. WE MASSIVELY increased the Federal budget spending on military spending and told ourselves that we were something cutting government.
Basically right now the man sounds like the so called liberals on this board.
Well his position is that Reagan failed because he grew government. That doesn't much sound like many liberals on this board that I've heard. I do need to read the book though.
I'm listening to David Stockman on Wall Street Journal's website right now.
AAAAAAAAAAAAAAAMAZING mi culpa, folks.
AOL On - Are Bonds a Bubble About to Burst?
What is the guy saying?
EVERYTHING you believe about Reagan's fiscal conservatism is wrong.
I WAS WRONG. WE MASSIVELY increased the Federal budget spending on military spending and told ourselves that we were something cutting government.
Basically right now the man sounds like the so called liberals on this board.
Well his position is that Reagan failed because he grew government. That doesn't much sound like many liberals on this board that I've heard. I do need to read the book though.
And massively increased the public debt, which does read like the complaint his detractors have been pointing out all along.
I think his book, however doesn't much deal with the Regan era, but rather than the lst couple decades of stupid stupid policies that this government has created.
I haven't read his book yet, buy based on the video interview he is sound more and more like most economists I've been reading warning us about the wholesale theft of value that the FED and treasury allowed to happen on both Bush II and Obama's watch.
It is his opinion that reconstituting the BANKSTERS' too big to fail banks, was a massive error.
I certainly agree with him that the way it was done (leaving the same people in charge and NOT nationalizing those then insolvent banks) was a tragic error in judgement.
He obvious HATES Benacke.
Well his position is that Reagan failed because he grew government. That doesn't much sound like many liberals on this board that I've heard. I do need to read the book though.
And massively increased the public debt, which does read like the complaint his detractors have been pointing out all along.
I think his book, however doesn't much deal with the Regan era, but rather than the lst couple decades of stupid stupid policies that this government has created.
I haven't read his book yet, buy based on the video interview he is sound more and more like most economists I've been reading warning us about the wholesale theft of value that the FED and treasury allowed to happen on both Bush II and Obama's watch.
It is his opinion that reconstituting the BANKSTERS' too big to fail banks, was a massive error.
I certainly agree with him that the way it was done (leaving the same people in charge and NOT nationalizing those then insolvent banks) was a tragic error in judgement.
He obvious HATES Benacke.
If Reagan's increase was "Massive" Obama's is astronomical
And massively increased the public debt, which does read like the complaint his detractors have been pointing out all along.
I think his book, however doesn't much deal with the Regan era, but rather than the lst couple decades of stupid stupid policies that this government has created.
I haven't read his book yet, buy based on the video interview he is sound more and more like most economists I've been reading warning us about the wholesale theft of value that the FED and treasury allowed to happen on both Bush II and Obama's watch.
It is his opinion that reconstituting the BANKSTERS' too big to fail banks, was a massive error.
I certainly agree with him that the way it was done (leaving the same people in charge and NOT nationalizing those then insolvent banks) was a tragic error in judgement.
He obvious HATES Benacke.
If Reagan's increase was "Massive" Obama's is astronomical
Which in no way absolves Reagan or those perpetuating the Reagan myth.
(leaving the same people in charge)
and NOT nationalizing those then insolvent banks) was a tragic error in judgement.
So......the following is pretty much what "failure" looks like?
1. And the tax cuts of the Economic Recovery Act of 1981 stimulated economic growth. “As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid.” http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm
2. “As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth.” US Department of the Treasury
3. The benefits from Reaganomics:
a. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
b. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
c. Unemployment fell to 5.5% from 7.1% (Table B-35)
d. Prime interest rate fell by one-third.(Table B-73)
e. The S & P 500 jumped 124% (Table B-95) FDsys - Browse ERP
f. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116
4. http://www.bea.gov/national/nipaweb...ce=N&AllYearsChk=YES&Update=Update&JavaBox=no
a. A study of table 7.1 would show that between 1973 and 2004, it doubled. And between 1929 and 2004, real per capita consumption by American workers increased five fold. The fastest growth periods were 1983-1990 and 1992-2004, known as the Reagan boom.
Heck....don't you wish Obama was that much of a "failure"?
Yup. And Reagan created this "boom" by engaging in lustful deficit spending and tax cuts. And beginning the modern era of massive federal debts. And now you right wingers bitch about big federal debt.
For fuck's sake.
Watch your language.
The defense deficits of Reagan purchased the freedom of the world.
Without firing a shot.
Further, he redeemed the economy from the Carter malaise.
The deficits of this wind-bag in the White House purchased unemployment and poor behavior on the part of Americans who bought into same.
He champions the dole, abjures responsibility and hard work.
Youngsters may not remember WIN (Whip Inflation Now) which was Ford's response to the STAGFLATION
The economic miracle of the Reagan years had much more to do with liberalizing the Prime to get the cost of borrowing down AND raiding the social security to give the FED cheap money via that process.
And of course one can see the national debtr rising even while (because) of his tax cuts for millionaires, too.
Most working Americans experienced the largest single TAX INCREASE in history under Reagan.
Or have ya'll conveniently forgotten Reagan's Social Security tax increases?
Yup. And Reagan created this "boom" by engaging in lustful deficit spending and tax cuts. And beginning the modern era of massive federal debts. And now you right wingers bitch about big federal debt.
For fuck's sake.
Watch your language.
The defense deficits of Reagan purchased the freedom of the world.
Without firing a shot.
Further, he redeemed the economy from the Carter malaise.
The deficits of this wind-bag in the White House purchased unemployment and poor behavior on the part of Americans who bought into same.
He champions the dole, abjures responsibility and hard work.
lol, "Carter's malaise"? Time to read a little real history and put down the spark notes on all the right wingers you quote. Youngsters may not remember WIN (Whip Inflation Now) which was Ford's response to the STAGFLATION (a word which needed to be invented to explain the Nixon-Ford economy) which crippled our nation during their administration.
Ya know PC there are liars of commission and liars of omission and some - like you - who are purveyors of both.
Youngsters may not remember WIN (Whip Inflation Now) which was Ford's response to the STAGFLATION
too stupid!!! If Ford did not know what inflation was so what, Friedman did!!
Case closed!! Friedman was right and all agree!!. Do you have any idea at all what point you were trying to make??
1. PC called the economy "Carter's Malaise"
2. I pointed out the economy tanked during the Ford Administration
5. Fuck off, you are one of the most arrogant and obnoxious jerks whose posts I've read on this message board.
Watch your language.
The defense deficits of Reagan purchased the freedom of the world.
Without firing a shot.
Further, he redeemed the economy from the Carter malaise.
The deficits of this wind-bag in the White House purchased unemployment and poor behavior on the part of Americans who bought into same.
He champions the dole, abjures responsibility and hard work.
lol, "Carter's malaise"? Time to read a little real history and put down the spark notes on all the right wingers you quote. Youngsters may not remember WIN (Whip Inflation Now) which was Ford's response to the STAGFLATION (a word which needed to be invented to explain the Nixon-Ford economy) which crippled our nation during their administration.
Ya know PC there are liars of commission and liars of omission and some - like you - who are purveyors of both.
I never lie.
Ever.
Here's an example which will serve as proof:
You're as dumb as asphalt.
In your optimum environment, you'd be locked in a life and death
struggle with mushrooms.
