09-07-2016, 02:14 PM
(This post was last modified: 09-07-2016, 02:27 PM by Eric the Green.)
(09-07-2016, 12:46 PM)Warren Dew Wrote:Correct as far as that goes; although the Bush/Obama bailouts were loans that were paid back.(09-06-2016, 02:05 AM)taramarie Wrote: Have you perhaps heard of the Appolonian/Dionysian double saeculum theory I wonder?
No, I haven't. Are there threads discussing it here?
(09-06-2016, 02:18 AM)taramarie Wrote: Yes, from what I have learned from you [Eric the Green] with Reagan and trickle down economics.
If you're calling it "trickle down economics" it hasn't been explained to you very well. "Trickle down economics" was the approach Hoover used, which involved giving money to large corporations in the hopes that it would "trickle down" to ordinary people, which it didn't. The closest things to "trickle down economics" that have happened in the U.S. since the 1960s have been bailouts of large corporations like the Bush/Obama banking and auto industry bailouts.
Quote:Reagan's economic theories were almost the exact opposite: they involved giving more money back to the people by cutting taxes on wage earning individuals, and hoping the benefits would "trickle up" to the corporations who employed them. That in fact worked well enough to produce a two decade economic boom in the 1980s and 1990s, interrupted only by a relatively brief recession when Bush the elder tried to "soft land" a healthy, growing economy.
Giving money back to the people, that is a serious laugh! Reagan gave money back to the rich, ONLY!
Again, I post:
Reagan and Bush gave money back to the "job creaters," and that's exactly what the trickle-downer Republicans call what they are doing. That means the rich corporations! Watch what Pence says on this video, 6 years ago! Trickle-down economics was cutting taxes for the richest Americans, hoping that the rich will create jobs for most people. Meanwhile, payroll taxes went up! What happened actually was that the rich get more money and they spent it on themselves, bought other companies, fired more people, shipped jobs overseas, fired people due to automation, speculated in derivatives causing a crash, destroyed our environment, took away worker protections. That's what the rich do to us, thanks to Reaganomics! Tax and regulation cuts for the rich DOES NOT provide more prosperity to the people. The opposite happens!
There was no boom in the 1980s, except for the rich. In the late 1990s there was a boom spread more widely, thanks to Clinton's policies. A recession in the early 2000s was never recovered from, thanks to trickle down Bushonomics. Bush (and Clinton) deregulation led directly to the worst recession since the 1930s. Only Obama's stimulus did anything to cure it.
Still waiting for the trickle, are ya, Warren?