Why are conservatives stuck on supply side economics?
Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation.
Over the last 40 years America has drastically reduced taxes and stripped away regulations... and it led to the worst global recession in 80 years.
Why do conservatives stubbornly insist on a policy that is a proven failure? What we need is Keynesian economics - a system which advocates for a mixed economy—predominantly private sector, but with a large role for the government and public sector.
This was America's economic model between WW2 and the Nixon administration, and it transformed America into an economic powerhouse. Not only that, but a blue collar worker could support a family of 4 on a single salary, including 2 cars, college for the kids, retirement savings, and the occasional vacation.
How about you cite the Article or Amendment and Section of the Constitution that allows the federal government to interfere in a free market.BETCHA CAN'T!!How many regulations were enacted during the obama reich?What happened to our national economy?President Trump has been eliminating regulations and governmental interference since starting his current job and what has happened to the economy?If the federal government would just let capitalism work instead of trying to tax it to death, we'd all be better off.
Well, your premise is incorrect.The Community Reinvestment Act along with 30 years of Democrat policies created the recession.
Tax cuts have helped our economy every single time.This is proven fact.Regulations cost companies money and tend to limit expansion and growth.
Not sure how any of this is not clear...
Ever since 1929, DEMOCRATS have been running America, therefore, do NOT blame the conservatives!
Why must you lie about it if you think it's wrong?
We're actually much more heavily regulated now than we were 40 years ago. See for yourself in the Federal Register. Keynesian economics fails because government is much, much less efficient and knowledgeable with spending money than the private sector is. That's the primary reason substantial tax cuts lead to increased tax revenue. Businesses and investors create new taxpayers. Government doesn't.
Everywhere in the world and all throughout history, economic performance is inversely proportional to the degree of control government exerts on the economy. Keynesian economics only has prolonged recessions triggered by the Federal Reserve's arbitrary and destructive manipulation of interest rates.
Because their handlers stand to get very rich.
First by paying little taxes and enjoying subsidies, tax havens, and massive investment... and second when the house of cards collapses in the inevitable Republican Recession: taxpayer funded bailouts.
Win win... and as long as poor conservatives who are living paycheque to paycheque and blaming immigrants and mythical welfare queens for their problems, they will continue to support their corporate masters.
Edit: I don’t live paycheque to paycheque. I put away about $1500 a month and have six month’s salary in money markets.Living paycheque to paycheque means you can’t put any money away. You’re obviously a victim of GOP funding cuts to schools.
And that number is a drop in the bucket on what we waste on corporate welfare in the form of heavily padded cost-plus-fee government contracts and the social security, Medicare, and Medicaid wasted primarily on aging conservative baby boomers who somehow don’t think that’s socialism.
Apparently they have never heard/read "doing the same thing over and over and expecting the outcome to be different is the definition of insanity".
the "worst recession in 80 years" happened after nearly two decades of growth that saw the creation of the largest, wealthiest middle-class in human history..... and was caused, by the way, by the unsustainable bills and failed banking policies from the 1990s coming due...
and all that "stripping of regulation and taxation" that kids cry about today was aimed at RETURNING to the environment of post-WW2 America of which you speak...
the reason a working-class family can no longer support itself on one income is because of the high-costs associated with regulation and taxation.... all of which are a direct result of Big State ideology pushed by new age liberals...
sorry... last I checked, envy doesn't play in actual economics the way that it does around here (just look around)....
Supply side does exactly what it is *truly* intended to do: make rich people richer at the expense of everyone else.
So in that sense, it's a complete success.
As far as benefiting the economy as a whole, it doesn't work.Of course it doesn't.But the rich keep spending money to have the myth perpetuated.It's just another investment for them, one with a terrific ROI.
Capitalism works, the socialist ideas of Democrats don't.LOL
- Should immigrants be forced to learn English ?
- If it's okay for a President to declare a national emergency over a wall. Can the next Dem call a national emergency over guns?
- Would you vote for Donald Trump in 2020, given what he's done to us so far?
- Why shouldn’t the border wall be built?
- Why doesn't Trump just go ahead and abolish Congress? They're worthless and the president is the ONLY one protecting us?
- When Ann Coulter says the only National Emergency is that Trump is an idiot, has she finally got some common sense?
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