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Qtec
11-22-2010, 05:25 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Punk Patriot explains the economy and shows <span style='font-size: 14pt'>how we can fix it. </span>You're welcome </div></div>

link (http://www.youtube.com/watch?v=_m_fNl1aZ0E&feature=player_embedded)




This is all common sense........or not?

Q

see also.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Right-wing politicians and pundits carry on repeatedly about how wrong it would be to raise taxes on the rich in a time of economic downturn. Wrong.

Just because you repeat something over and over doesn't make it true. In fact there is a body of empirical, historical evidence that proves clearly that tax cuts for the rich not only do nothing to spur economic growth - they actually do substantial damage to the prospects for economic growth.


...........So history tells us pretty clearly that increased taxes for the rich don't hinder economic growth. Now let's look at historical evidence that the opposite proposition is true - whether tax cuts for the rich actually promote economic growth.

To see the fallacy in that argument all you have to do is go back to the Bush Administration. <span style="color: #3333FF">For eight years, George Bush and the Republicans lowered taxes for the wealthy and cut back the regulation of big corporations and Wall Street - all based on the premise that these two policies would benefit the economy.

<span style='font-size: 14pt'>The results are there for everyone to see.</span></span>

The New York Times reported last year that, <span style="color: #990000">"For the first time since the Depression, the American economy has added virtually no jobs in the private sector over a 10-year period. The total number of jobs has grown a bit, but that is only because of government hiring."</span>

<u>In fact, in the eight years when George Bush and the Republicans in Congress passed two massive tax cuts, we saw a massive, secular decline in the creation of private sector jobs.</u>

<span style="color: #3333FF">Of course it won't surprise anyone that this decline was led by the reduction of American manufacturing jobs. There was a decline of 3.7% in overall manufacturing jobs in the United States over the last decade ending in 2009.

Remember that we're talking here about no increase whatsoever in private sector jobs - zero increase in actual jobs -- even as the population of the United States has grown. Economists tell us that the economy must create 150,000 new jobs each month just to stay even with population growth.</span>

<span style='font-size: 20pt'>In fact, there is absolutely no evidence in the economic history of the last century that tax cuts for the rich increase economic growth. But there is evidence that they actually hurt prospects for economic growth - both in the short and long run.</span> </div></div>

link (http://www.huffingtonpost.com/robert-creamer/economic-history-shows-cl_b_786643.html)

Gayle in MD
11-22-2010, 07:38 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Punk Patriot explains the economy and shows <span style='font-size: 14pt'>how we can fix it. </span>You're welcome </div></div>

link (http://www.youtube.com/watch?v=_m_fNl1aZ0E&feature=player_embedded)

<span style="color: #CC0000">This is exactly what many well respceted economists, including a Nobel Prize Winning Economists, have been saying since years before, Bush/Greenspan/Wall St. Pigs, crashed the economy....

The right has that automatic delete gene for common sense, in their brains....</span>

This is all common sense........or not? <span style="color: #CC0000"> <span style='font-size: 11pt'> YES!</span> </span>

Q
<span style="color: #CC0000">Did you say common sense....lol

</span> /forums/images/%%GRAEMLIN_URL%%/grin.gif


"You can never predict the behavior of wild animals, and all it takes is a split-second for an animal to attack and seriously maim or kill a person."


"Got a link for that Gayle?"

A complete history of the evolution of the Rw denial gene...

http://www.c-spanvideo.org/program/TheTou
see also.



<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Right-wing politicians and pundits carry on repeatedly about how wrong it would be to raise taxes on the rich in a time of economic downturn. Wrong.

Just because you repeat something over and over doesn't make it true. In fact there is a body of empirical, historical evidence that proves clearly that tax cuts for the rich not only do nothing to spur economic growth - they actually do substantial damage to the prospects for economic growth.


...........So history tells us pretty clearly that increased taxes for the rich don't hinder economic growth. Now let's look at historical evidence that the opposite proposition is true - whether tax cuts for the rich actually promote economic growth.

To see the fallacy in that argument all you have to do is go back to the Bush Administration. <span style="color: #3333FF">For eight years, George Bush and the Republicans lowered taxes for the wealthy and cut back the regulation of big corporations and Wall Street - all based on the premise that these two policies would benefit the economy.

<span style='font-size: 14pt'>The results are there for everyone to see.</span></span>

The New York Times reported last year that, <span style="color: #990000">"For the first time since the Depression, the American economy has added virtually no jobs in the private sector over a 10-year period. The total number of jobs has grown a bit, but that is only because of government hiring."</span>

<u>In fact, in the eight years when George Bush and the Republicans in Congress passed two massive tax cuts, we saw a massive, secular decline in the creation of private sector jobs.</u>

<span style="color: #3333FF">Of course it won't surprise anyone that this decline was led by the reduction of American manufacturing jobs. There was a decline of 3.7% in overall manufacturing jobs in the United States over the last decade ending in 2009.

Remember that we're talking here about no increase whatsoever in private sector jobs - zero increase in actual jobs -- even as the population of the United States has grown. Economists tell us that the economy must create 150,000 new jobs each month just to stay even with population growth.</span>

<span style='font-size: 20pt'>In fact, there is absolutely no evidence in the economic history of the last century that tax cuts for the rich increase economic growth. But there is evidence that they actually hurt prospects for economic growth - both in the short and long run.</span> </div></div>

link (http://www.huffingtonpost.com/robert-creamer/economic-history-shows-cl_b_786643.html)

</div></div>

cushioncrawler
11-22-2010, 02:35 PM
Gayle -- no person haz been awarded, or ever will be awarded, a Nobel Prize for Krappynomix -- koz there iz no such prize.
mac.