Subject:
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Re: Supply-Side Economics? The Evidence Says No!
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Mon, 16 Oct 2006 18:42:24 GMT
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Viewed:
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2167 times
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In lugnet.off-topic.debate, John Neal wrote:
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In lugnet.off-topic.debate, Dave Schuler wrote:
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All things considered, I’m more annoyed that you didn’t riff on my rating
system than that you questioned the methodology of the study!
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I give your weak attempt at humor a 2.5 out of 5 (whoopie-cushions).
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Hey, I’ll take that. That’s 25% of perfect, after all.
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As for the study, I was under the impression that the whole debate WRT
supply-side economics was all but over.
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That’s right--it’s a disastrous policy divorced from reality and favored only by
the very wealthy who understand its implications and the not-so-wealthy who
don’t. End of debate!
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It worked fabulously for Reagan (spending did him in). It is working
likewise for GWB now.
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But it’s not really working for GWB now, either, except in terms of painting a
falsely rosy picture of this disastrous, unsustainable economy he’s wrought.
The tiny trickle of jobs, coupled with the accelerating carefree spending, is
doing horrible, long-term damage to the economy on a scale that will actually
wind up making Reagan look like a good President, if you can imagine such a
thing!
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To be economically where we are now after having absorbed the catastrophes of
9-11 and Katrina is nothing less than miraculous (as the Dow inches towards
12,000).
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Feh. If you walk down the street, less than one person in a hundred will be
directly affected by the DOW’s breaking of the 12,000 mark. Maybe their 401K’s
will do a little better, and maybe they’ll eventually pay only a nickel more for
something instead of a dime more, but beyond that the DOW is a clumsy instrument
for measuring the real strength of the economy, especially when so many other
measurements (personal debt, personal savings, etc.) exist.
Dave!
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Message has 1 Reply:
 | | Re: Supply-Side Economics? The Evidence Says No!
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| (...) How's that math working for you lately, Dave!? Looks like half of perfect from here the obstructed-view seats.... (...) Well, that certainly was easy....:-) (...) But it is the metric by which we have consistently gauged the economy. I realize (...) (18 years ago, 16-Oct-06, to lugnet.off-topic.debate, FTX)
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Message is in Reply To:
| | Re: Supply-Side Economics? The Evidence Says No!
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| (...) I give your weak attempt at humor a 2.5 out of 5 (whoopie-cushions). As for the study, I was under the impression that the whole debate WRT supply-side economics was all but over. It worked fabulously for Reagan (spending did him in). It is (...) (18 years ago, 16-Oct-06, to lugnet.off-topic.debate, FTX)
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