• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Failed GOP Economics - What Is The Cause?

Failed GOP Economics - What Is The Cause?

  • They were never meant to be a success, other than for the wealthy.

  • They just need another 40 years or so, it will be fine - just let them keep at it...

  • The [Media, Immigrants, Liberals, Lizard people - pick one or all] is at fault.

  • They are working just fine, you are just too stupid to notice/realize it.

  • I am a raging moron.

Results are only viewable after voting.
Newell Steamer

Newell Steamer

Diamond Member
https://www.washingtonpost.com/blog...xplain-why-their-economic-ideas-keep-failing/

As Brian Beutler noted afterward, that is exactly what Democrats will be saying next year. So how did Fiorina respond? She told the story of a woman she met who worries about her economic situation, then said, “Yes, problems have gotten much worse under Democrats,” which is the opposite of the truth, then went on to decry how government has been “crushing the engine of economic growth for a very long time.”

In other words, she didn’t answer the question. But its essence is this. The Republican candidates all propose variations on the same theme, which is that the way to boost the economy is to cut taxes and scale back government regulation of business. In other words, here’s the plan all the Republicans agree on:

1) Cut taxes, particularly for the wealthy.

2) Scale back regulations on business.

3) Watch the economy boom.

The trouble is that we’ve been testing their theory for some time now, and it isn’t holding up well.
Click to expand...

It doesn't take a Washington Post Opinion article, nor a degree in Rocket Surgery, to realize GOP Economics just don't work.

But Republicans still haven’t answered the basic question: Why does the Republican theory about what moves the economy keep failing? Something tells me they never will.
Click to expand...

Forget about the last sentence, let's focus on the bold.

What is the cause of failed GOP Economics?
 
Because they're right in a theoretical way but that's a society we don't want to live in like we had in 1920 or like China currently has. What good is having a job with long term stability if it only pays $200 per month without benefits?
 
Last edited:
The problem is simple and quite obvious. The idea is that if you give rich people more money then they'll invest that money back into society. Unfortunately the reality that the GOP fails to realize (they probably do realize but I'll hope against logic that they're not really as shitty as they seem) is that rich people don't invest money if it won't make them more money. And because they're rich, they've probably already invested the max amount they feel is right. So that money we give them back doesn't go into society, it goes into stocks or bonds or bank accounts. Virtually the whole of economic proof shows that trickle down fails and that the exact opposite actually functions, but the right wing will ideologically hold on to their view until the world ends ... probably thanks to the economic collapse they have a heavy hand in.
 
What should we do then?

Perhaps it's all anecdotal, but after working in the banking/finance industry for awhile, it's apparent to me that many "rich" people are more akin to old dragons sleeping atop a horde of treasure. If anything should rouse them from their ignorant slumber, they would immediately dispense wrath in all directions over their missing three cents or bank inactivity fee. And don't even get me started about financial advisors...

But I'm not convinced we should just tax them into oblivion either. Surely there's a way we don't penalize people who have (I'm not saying all the rich are thus) worked their way to a modest war chest.

To me, the real danger is upping taxes on those savvy with their money such that it would trickle down (har) to the middle classes who can't really bear more taxation.
 
thraashman said:
The problem is simple and quite obvious. The idea is that if you give rich people more money then they'll invest that money back into society. Unfortunately the reality that the GOP fails to realize (they probably do realize but I'll hope against logic that they're not really as shitty as they seem) is that rich people don't invest money if it won't make them more money. And because they're rich, they've probably already invested the max amount they feel is right. So that money we give them back doesn't go into society, it goes into stocks or bonds or bank accounts. Virtually the whole of economic proof shows that trickle down fails and that the exact opposite actually functions, but the right wing will ideologically hold on to their view until the world ends ... probably thanks to the economic collapse they have a heavy hand in.
Click to expand...

And a big chunk of that money that they have absolutely no use for goes toward continually corrupting our politicians so as to ensure that the rigged game they bought for themselves is sustained in perpetuity.

In this game, the winner owns everything, including people.

Right back to those good old days from which our forefathers migrated to America to get away from. How ironic it is that the form of gov't our forefathers created to prevent that which they despised has now been perverted into being exactly that and worse.
 
Fanatical Meat said:
Because they're right in a theoretical way but that's a society we don't want to live in like we had in 1920 or like China currently has. What good is having a job with long term stability if it only pays $200 per month without benefits?
Click to expand...

they're not even right in a theoretical way. they're trying to apply rules that work for individuals and for individual firms to the entire economy, and it simply doesn't work that way.

further, they all seem to think we're still on the gold standard. they have not a single clue about the relationship of the debt, the deficit, money, and the economy. not a one.

not that the democrats largely do either, but they're not typically hammering on the first two as an issue.
 
Because they ether have a shallow view of how the economy works, or they know how it works and want to make the rich much richer, and poor poorer.
 
The main goal of "trickle down" is to give the wealthy more money. That was the primary goal. The "side effect" was that hopefully some rained down on us plebs. Everyone lapped it up.
 
Your premise is completely wrong. Republicans have NOT cut taxes, except perhaps for the extreme wealthy. But tax cuts only for the 1% is NOT what they run on. And they have done nothing to curb the bureaucracy. They have increased taxes at every turn, usually via indirect methods. For example, they allow massive budget deficits which increase government debt which increases the money supply which fuels bubbles such as housing and healthcare and college tuition. So they do not actually implement the policies you are claiming have failed.

The reason republicans have failed is because they refuse to take a HARD stance on illegal immigration, welfare, etc. There is no solution as long as they are willing to compromise by continuing to fund single mothers so they can continue screwing the wrong guys and producing hordes of disobedient little hellions who infest the schools and drag down the education for everyone. Republicans have drifted so far from the party of personal responsibility and fiscal conservatism. Witness the result: half a trillion a year TAKEN at gunpoint from responsible married couples (who tend to make more money and therefore pay higher taxes) and GIVEN to the sluts so they can keep on gettin it on and letting the welfare state pay for it. That crap stops, or it ends this nation, plain and simple.
 
Last edited:
Fanatical Meat said:
Because they're right in a theoretical way but that's a society we don't want to live in like we had in 1920 or like China currently has. What good is having a job with long term stability if it only pays $200 per month without benefits?
Click to expand...

Think of the stock holders. Will someone PLEASE think of the stock holders?! :'(
 
thraashman said:
The problem is simple and quite obvious. The idea is that if you give rich people more money then they'll invest that money back into society. Unfortunately the reality that the GOP fails to realize (they probably do realize but I'll hope against logic that they're not really as shitty as they seem) is that rich people don't invest money if it won't make them more money. And because they're rich, they've probably already invested the max amount they feel is right. So that money we give them back doesn't go into society, it goes into stocks or bonds or bank accounts. Virtually the whole of economic proof shows that trickle down fails and that the exact opposite actually functions, but the right wing will ideologically hold on to their view until the world ends ... probably thanks to the economic collapse they have a heavy hand in.
Click to expand...
You're sooooo close.
You missed one thing that Reagan missed: rich people can invest in the economy - just not necessarily the U.S. economy. "Hey, we've got an extra billion dollars. Let's build a new manufacturing plant... in <foreign country.>"
 
Fanatical Meat said:
Because they're right in a theoretical way but that's a society we don't want to live in like we had in 1920 or like China currently has. What good is having a job with long term stability if it only pays $200 per month without benefits?
Click to expand...

The only reason we aren't like China now is because we don't have to settle trade honestly as the world reserve currency, we can print money and it goes into overseas assets instead of inflating the domestic money supply due to the artificial demand of the petrodollar. Believing that can go on forever is like those people who believed the sun would never set on the British Empire. It's a complete fantasy.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top