ACA Repeal/Replace: Progressives Face Moral Dilemma

[David Horn]

(09-11-2017, 04:54 PM)Warren Dew Wrote:

(09-11-2017, 03:43 PM)David Horn Wrote: Economists like Greg Mankiw, among many others in the freshwater school, believed complex models that postulated that the massive expansion of the money supply in the post-2008 period would trigger high inflation and higher unemployment.  It didn't happen did it?  On the other hand, the saltwater school predicted no inflation and slowly declining unemployment.  They also argued for a huge stimulus to expedite the recovery, but the GOP rebuffed that entirely, preferring their typical tax cut method, which did nothing of note.

What are you smoking?  Tax rates have not been cut post 2008.  The last major tax rate cut was in 2001, and was successful in heading off what was shaping up to be a very deep recession - something that Democratic demand side policies failed to do after 2008.

As for the rest of it, you need to learn the math, not just regurgitate political talking points you don't understand.

This is simply wrong.  The savior in 2001, if you wish to see it as such, was massive deficit spending, mostly on the military.  Of course the economy did well. It also lead to the Great Recession.