Jobless benefits do more spurs more recovery than tax breaks for the rich - Page 4

mookiemookie · 12-04-10, 04:17 PM

Quote:

Originally Posted by Bubblehead1980

The economy turned around under Reagan in the 80's who was a big proponent of supply side aka trickle down, it worked, pretty well.

How did it work pretty well when the poverty rate increased and middle income wages were only marginally higher at the end of the 80's than they were in the start of the decade? Where did the trickle go? Why did productivity stagnate in the 1980s? Does Volcker's handling of inflation not get any credit? Why is there very little correlation (0.03 correlation coefficient) between tax rate cuts and GDP growth when you examine the data points from 1982 to 2001?

Correlation is not causation. Until you can answer those questions, then claiming Reagan's tax cuts caused the economic recovery in the 1980s without examining other factors at work makes you nothing more than a partisan political hack. But then again, we already knew that.

12-04-10, 04:33 PM

Can you see the compromise comming? I'll give an extension on the all needed tax breaks for the all needed extension of unemployment benefits?

If not...you heard it here first.

Sailor Steve · 12-04-10, 04:35 PM

OMG, a compromise! EVERYBODY RUN!

12-04-10, 04:37 PM

Quote:

Originally Posted by Sailor Steve

OMG, a compromise! EVERYBODY RUN!

Compromises are always bad for someone.

krashkart · 12-04-10, 04:57 PM

Quote:

Originally Posted by Sailor Steve

OMG, a compromise! EVERYBODY RUN!

No worries. August is mobilized and on the scene.

I hope he's a good sport about this sort of thing.

gimpy117 · 12-04-10, 05:08 PM

Quote:

Originally Posted by Bubblehead1980

The economy turned around under Reagan in the 80's who was a big proponent of supply side aka trickle down, it worked, pretty well.The Dem controlled Congress did not mind too much then, but that was when the Dem party was still somewhat of a decent party and not the party of Barry O.

It worked pretty well for the rich in this country...just not everybody else

Sailor Steve · 12-04-10, 05:13 PM

Quote:

Originally Posted by The Third Man

Compromises are always bad for someone.

You're absolutely right. It's the price to be paid for freedom and democracy.

I apologize if there was a misunderstanding on my part. I thought your comment was in part joking, and I tried to reply in kind.

Stealth Hunter · 12-04-10, 08:49 PM

Quote:

Originally Posted by Bubblehead1980

The economy turned around under Reagan in the 80's who was a big proponent of supply side aka trickle down, it worked, pretty well.The Dem controlled Congress did not mind too much then, but that was when the Dem party was still somewhat of a decent party and not the party of Barry O.

The numbers say otherwise. In fact, under Reagan, our national debt increased- moreso than under any other president in history since 1945-- by 20.6% ($1.7T). The economy didn't "turn around". It got worse. It got worse under Bush, Sr. as well. Under President Clinton, it turned around, however, and our debt actually decreased.

http://en.wikipedia.org/wiki/Nationa...idential_terms

Trickle-Down economics does not work for anybody below the upper class line, ultimately causing it to fail to accomplish anything remotely beneficial for the people of the nation. It did not work when Herbert Hoover tried it, it did not work when Reagan tried it (though funnily enough when Hoover tried it, things actually got worse for a good portion of the upper class).

12-04-10, 09:17 PM

Quote:

Originally Posted by Tribesman

A more relevant question might be ....has he noticed any difference in getting due payments from customers of different wealth levels?

Yes I did see the difference.
The smaller Companies paid much slower then the bigger Companies.
But even the Big Companies got slower to pay.
And the Companies that paid them were slower to pay.
And I'm not talking about some unknown, smaller Companies.
Walk in to any Mall near you and pick out one of the Businesses.
Chances are I did work in one of thier Stores somewhere in the U.S.

August · 12-04-10, 09:55 PM

Quote:

Originally Posted by privateer

Yes I did see the difference.
The smaller Companies paid much slower then the bigger Companies.
But even the Big Companies got slower to pay.
And the Companies that paid them were slower to pay.
And I'm not talking about some unknown, smaller Companies.
Walk in to any Mall near you and pick out one of the Businesses.
Chances are I did work in one of thier Stores somewhere in the U.S.

Companies aren't individuals though.

12-04-10, 10:03 PM

Quote:

Originally Posted by August

Companies aren't individuals though.

I'm not catching your point on that.

I am a Company.
Small yes, but I employed others.
Paid all types of insurance and taxes.
But I'm still an individual.
As were all of my Guys.
Or is there a size of Company that is the factor?

August · 12-04-10, 10:12 PM

Quote:

Originally Posted by privateer

I'm not catching your point on that.

I only asked if you had done work for wealthy individuals. I guess your company is more oriented to commercial customers than residential.

12-04-10, 10:28 PM

Quote:

Originally Posted by August

I only asked if you had done work for wealthy individuals. I guess your company is more oriented to commercial customers than residential.

It was Yes.
The scale back I had to do resulted in going back to local residential work.
So it's just me doing Sub Contracts for Local Builders right now.
And Yes they are suffering now also.
I've work for them on and off for over 10 years and I see the problems they have also.
In the Constuction Game I see a pattern.
When GM shut down it's factory near here?
Quit a few people started doing Construction to make ends meet.
That causes the 'trickle down' effect I'm seeing.
They work at cut throat prices, we lose bids.
And most of the time?
They are collecting benefits while doing so.
We do have a dedicated clientele that has some pretty well off people.
But even they have cut back on what and when they do any major work.

August · 12-04-10, 10:46 PM

Quote:

Originally Posted by privateer

We do have a dedicated clientele that has some pretty well off people. But even they have cut back on what and when they do any major work.

Do you think that increasing their taxes like the Democrats advocate will make them cut back more or less?

12-04-10, 10:57 PM

Quote:

Originally Posted by August

Do you think that increasing their taxes like the Democrats advocate will make them cut back more or less?

They have stated to us that future work may well depend on the out come.
The contracts we have now are pretty much a 'let's get it done before'
thing.
The Construction business is tough enuff in Good Times.
It's been a nightmare for many the last few years.

One of the things they always point to to show how the times are going is the Construction business.
If we ain't building stuff?
It's not a good sign.

12-04-10, 04:35 PM	#48
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	OMG, a compromise! EVERYBODY RUN! __________________ “Never do anything you can't take back.” —Rocky Russo

12-04-10, 04:33 PM	#47
The Third Man Stowaway Posts: n/a Downloads: Uploads:	Can you see the compromise comming? I'll give an extension on the all needed tax breaks for the all needed extension of unemployment benefits? If not...you heard it here first.