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Right, because in nations with low Gov't spending, their economies are booming right? lol
Sure, and Rape and Ice Cream sales can be correlated too.
And you call conservatives simple minded.
Tell you what, to help this simple minded liberal, give me ONE state or nation to EVER use libertarian economics successfully EVER?
61% of Americans think economy won't recover until 2017..... thank you Obumanation!
CNNMoney poll: Americans think economy won't recover until 2017 or later - Jun. 6, 2014
Excellent article and worth thinking about.
We must never, ever let the Congress like the one we had from 1994 to 2006 work hand in hand with business again.
Yes, you hit that foul ball right out of the park!
The Untold Story Of How Clinton's Budget Destroyed The American Economy
Bill Clinton is giving the keynote speech at the Democratic National Convention tonight.
The idea is to make people feel nostalgic for the last time when the economy was really booming, and hope that some of that rubs off on Obama.
However, in the New York Post, Charlie Gasparino uses the occasion to remind everyone that the seeds of our current economic malaise were planted during the Clinton years.
Basically, it was under Clinton that Fannie and Freddie really began blowing the housing bubble, issuing epic amounts of mortgage-backed debt.
The story that Gasparino tells is basically: Liberal Bill Clinton thought he could use government to make everyone a homeowner and so naturally this ended in disaster....
Read more: How Bill Clinton's Balanced Budget Destroyed The Economy - Business Insider
Sure, and Rape and Ice Cream sales can be correlated too.
And you call conservatives simple minded.
Tell you what, to help this simple minded liberal, give me ONE state or nation to EVER use libertarian economics successfully EVER?
Tell you this.....there is no such thing as libertarian economics.
What's to refute.
Stockman was pissed when he got told to shut up about tax cuts and then hoped they failed as he predicted. They didn't.
He lost credibility with anyone except dicks like you.
You mean when Reagan had to increase revenues 11 times AFTER he cut them for the rich AND still took in less money than Carter who had 9+ million private sector jobs in 4 years to Ronnie's 14 million in 8 years? lol
Yeah.....that's the whole picture.
That's why Carter got re-elected taking 49 states without campaigning while Reagan got tossed after his first term.....
Oh, Wait.........
No stupid ass....that does not create economic value.
Taxing money and putting it back in the economy is only slowing it down. If you didn't tax it to start, it would be moving that much faster.
The only think you go on doing for a long time is playing with your self.
You libertarian fuktards should understand the US hit Korean war level revenues (15% OF GDP) (TAXES OUT OF THE ECONOMY) AND spending 2 (UNFUNDED wars) and the economy under Dubya was in the crapper, EVEN with his homes ponzi scheme. Weird according to YOUR theory, the economy should've done MUCH better than when Clinton COLLECTED nearly 25% more tax revenues (20%+), and spent less on the Gopv't? HMM
You liberal asswipes have got your lips so glued to Obama's dick that you don't know how to look at anything except what the government does. Heaven forbid that OTHER forces should ever affect things.
Clinton didn't do much of anything except allow the GOP to run the show.
Dubya and his congress did nothing except spend money like drunken sailor on activities with no value (except to make people like Dian Feinstein's husband richer.
So, keep try to correlate that ice cream and rape. You look more stupid everytime you post.
Once again, this needs to be answered: "Weird you 'believe in' myths and fairy tales yet can't point to ONE successful use of libertarian economic policy EVER that benefited more than the top 1%."
Is that the question now? No problem. The overthrow of the Feudal System allowed each man to seek out his own destiny rather than being tied to his feudal lord and his estate.
You want to be a lawyer or physician, you want to move to Hollywood to seek fame and fortune? You can thank libertarian principles of freedom for that.
You mean when Reagan had to increase revenues 11 times AFTER he cut them for the rich AND still took in less money than Carter who had 9+ million private sector jobs in 4 years to Ronnie's 14 million in 8 years? lol
Yeah.....that's the whole picture.
That's why Carter got re-elected taking 49 states without campaigning while Reagan got tossed after his first term.....
Oh, Wait.........
Weird Obama is the only Prez in 50 years to get 52% of the vote!!!!
You libertarian fuktards should understand the US hit Korean war level revenues (15% OF GDP) (TAXES OUT OF THE ECONOMY) AND spending 2 (UNFUNDED wars) and the economy under Dubya was in the crapper, EVEN with his homes ponzi scheme. Weird according to YOUR theory, the economy should've done MUCH better than when Clinton COLLECTED nearly 25% more tax revenues (20%+), and spent less on the Gopv't? HMM
You liberal asswipes have got your lips so glued to Obama's dick that you don't know how to look at anything except what the government does. Heaven forbid that OTHER forces should ever affect things.
Clinton didn't do much of anything except allow the GOP to run the show.
Dubya and his congress did nothing except spend money like drunken sailor on activities with no value (except to make people like Dian Feinstein's husband richer.
So, keep try to correlate that ice cream and rape. You look more stupid everytime you post.
'Clinton didn't do much of anything except allow the GOP to run the show'
President Clinton’s Record on Fiscal Discipline: Between 1981 and 1992, the national debt held by the public quadrupled. The annual budget deficit grew to $290 billion in 1992, the largest ever, and was projected to grow to more than $455 billion by Fiscal Year (FY) 2000.
To Establish Fiscal Discipline, President Clinton:
Enacted the 1993 Deficit Reduction Plan without a Single Republican Vote.
"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits." — Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994
"Clinton’s 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity." — Business Week, May 19, 1997
Yeah.....that's the whole picture.
That's why Carter got re-elected taking 49 states without campaigning while Reagan got tossed after his first term.....
Oh, Wait.........
Weird Obama is the only Prez in 50 years to get 52% of the vote!!!!
More deflection.
You brought up Reagan and Carter and now it's Obama.
You'll never stay where your ass is being handed to you.
That's not weird....it's typical.
You liberal asswipes have got your lips so glued to Obama's dick that you don't know how to look at anything except what the government does. Heaven forbid that OTHER forces should ever affect things.
Clinton didn't do much of anything except allow the GOP to run the show.
Dubya and his congress did nothing except spend money like drunken sailor on activities with no value (except to make people like Dian Feinstein's husband richer.
So, keep try to correlate that ice cream and rape. You look more stupid everytime you post.
'Clinton didn't do much of anything except allow the GOP to run the show'
President Clintons Record on Fiscal Discipline: Between 1981 and 1992, the national debt held by the public quadrupled. The annual budget deficit grew to $290 billion in 1992, the largest ever, and was projected to grow to more than $455 billion by Fiscal Year (FY) 2000.
To Establish Fiscal Discipline, President Clinton:
Enacted the 1993 Deficit Reduction Plan without a Single Republican Vote.
"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits." Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994
"Clintons 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity." Business Week, May 19, 1997
Yeah...Clinton was a one man show.
His first initiative....Gays in the Military.
Followed by Hillarycare.
The house and senate were taken from in 1994 in a historic blowout by republicans.
He was a real jewel by himself.
Paul Volker was doing his job while Clinton was getting one.
'Clinton didn't do much of anything except allow the GOP to run the show'
President Clintons Record on Fiscal Discipline: Between 1981 and 1992, the national debt held by the public quadrupled. The annual budget deficit grew to $290 billion in 1992, the largest ever, and was projected to grow to more than $455 billion by Fiscal Year (FY) 2000.
To Establish Fiscal Discipline, President Clinton:
Enacted the 1993 Deficit Reduction Plan without a Single Republican Vote.
"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits." Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994
"Clintons 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity." Business Week, May 19, 1997
Yeah...Clinton was a one man show.
His first initiative....Gays in the Military.
Followed by Hillarycare.
The house and senate were taken from in 1994 in a historic blowout by republicans.
He was a real jewel by himself.
Paul Volker was doing his job while Clinton was getting one.
Yes, AFTER Clinton's first surplus the GOP passed a $700+ billion tax cut he had to veto to get 3 more... GOP/conservative Policy NEVER works, except for the 1%ers
Weird Obama is the only Prez in 50 years to get 52% of the vote!!!!
More deflection.
You brought up Reagan and Carter and now it's Obama.
You'll never stay where your ass is being handed to you.
That's not weird....it's typical.
Yes, I forgot tripling US debt while only 14 million private sector jobs were created while Carter had 9+ million in 4 years, kinda isn't 'successful' anyway you look at it Bubba!
Yeah...Clinton was a one man show.
His first initiative....Gays in the Military.
Followed by Hillarycare.
The house and senate were taken from in 1994 in a historic blowout by republicans.
He was a real jewel by himself.
Paul Volker was doing his job while Clinton was getting one.
Yes, AFTER Clinton's first surplus the GOP passed a $700+ billion tax cut he had to veto to get 3 more... GOP/conservative Policy NEVER works, except for the 1%ers
So what.....?
You keep posting this shit like it applies to anything that is being discussed.
Reagan's policies worked just great. Or maybe you missed re-election by 49 states.
More deflection.
You brought up Reagan and Carter and now it's Obama.
You'll never stay where your ass is being handed to you.
That's not weird....it's typical.
Yes, I forgot tripling US debt while only 14 million private sector jobs were created while Carter had 9+ million in 4 years, kinda isn't 'successful' anyway you look at it Bubba!
People were real happy with Carter......
Yes, AFTER Clinton's first surplus the GOP passed a $700+ billion tax cut he had to veto to get 3 more... GOP/conservative Policy NEVER works, except for the 1%ers
So what.....?
You keep posting this shit like it applies to anything that is being discussed.
Reagan's policies worked just great. Or maybe you missed re-election by 49 states.
Getting reelected proves your policies work? lol
Yes, I forgot tripling US debt while only 14 million private sector jobs were created while Carter had 9+ million in 4 years, kinda isn't 'successful' anyway you look at it Bubba!
People were real happy with Carter......
Yeah, Nixon's/Fords wage and price controls hurt him right? Then OPEC. Of course we can see how Reaganomics created MUCH smaller increase in private sector employment compared to Carter, of course Reagan ALSO ramped up the debt by tripling it right? lol
I've always thought that Krugman breaking it down for laymen was the best thing about him. The same with Dean Baker, Joe Stiglitz and some others.Bottom Line: No one feels this economy is going gang busters. Intuitively, Americans know something's wrong.
We econ geeks can spend hundreds of hours on this board throwing around economic statistics, but my guess is the average American/average reader doesn't read threads in the Economy section. It's too wonky.
Oldfart commented that my posts don't sound the way most macroeconomists talk. I can't stand how most macroeconomists talk. Most don't speak in a way that normal Americans can understand. They speak to out-geek the next geek. Just like every econ professor I ever had.
I'd like this to be a thread meant for "normal" Americans - those living out on main street, not Wall Street - who just want to know why they're not feeling optimistic about their economic situations and what can be done about it.
This thread is meant to involve people who want more "intuitive" answers about the economy.
Let's see if we can manage to do that.
People were real happy with Carter......
Yeah, Nixon's/Fords wage and price controls hurt him right? Then OPEC. Of course we can see how Reaganomics created MUCH smaller increase in private sector employment compared to Carter, of course Reagan ALSO ramped up the debt by tripling it right? lol
And you keep jacking off to government numbers.
Nobody can do anything without the government.
You are an ass.
Hell... it was Carter and Volcker who made it possible for Reagan to rely on Morning in America to win in 1984. Reagan didn't do anything except ride the recovery from Volcker's moves at the Fed to break stagflation and reduce interest rates once the Fed induced recession had done it's job.Yes, I forgot tripling US debt while only 14 million private sector jobs were created while Carter had 9+ million in 4 years, kinda isn't 'successful' anyway you look at it Bubba!
People were real happy with Carter......
Yeah, Nixon's/Fords wage and price controls hurt him right? Then OPEC. Of course we can see how Reaganomics created MUCH smaller increase in private sector employment compared to Carter, of course Reagan ALSO ramped up the debt by tripling it right? lol
Hell... it was Carter and Volcker who made it possible for Reagan to rely on Morning in America to win in 1984. Reagan didn't do anything except ride the recovery from Volcker's moves at the Fed to break stagflation and reduce interest rates once the Fed induced recession had done it's job.People were real happy with Carter......
Yeah, Nixon's/Fords wage and price controls hurt him right? Then OPEC. Of course we can see how Reaganomics created MUCH smaller increase in private sector employment compared to Carter, of course Reagan ALSO ramped up the debt by tripling it right? lol
