Wow, MSNBC is having pushback (NADS)

[CC27]

nadinbrzezinski Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Jul-15-11 12:22 PM
Original message
Wow, MSNBC is having pushback
   
To the bullshit of lower taxes lead to job creation... Bout bloody time I say.

She did not use google this time. Well turn me over and paint me blue.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1496287

[CC27]

Zen Democrat Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Jul-15-11 12:32 PM
Response to Original message
4. When will they come to understand the basics of a free market economy?
   
Edited on Fri Jul-15-11 12:33 PM by Zen Democrat
It's all about demand. Demand is what grows the economy ... and a middle and working class of people having money to buy furniture, cars, refrigerators, and more on the necessities of life, as well as being able to take a vacation and eat dinner at a restaurant once a week -- THAT grows the economy.

The companies sitting on all the wealth of the nation aren't going to hire people because they have more money thrown at them. They will hire people when their goods and services are selling more. Their goods and services will sell more when the middle class is strengthened to the point consumers can once again afford to consume.

The best thing the business community could do to spur the economy, in my opinion, is give every worker at least a 10% across the board annual increase. That would be the best stimulus in the world, and demand would undoubtedly increase for the goods and services on the shelves. And more people will be hired to meet the new and increasing demand for goods and services.

Economics 101.

Holy shit batman.

[GOBUCKS]

I have no idea what nutcase nadin is talking about, nor, do any of the DUmbasses.
One DUmmy does make a good point, though:

MineralMan  (1000+ posts)        Fri Jul-15-11 12:34 PM
Response to Original message
5. Too bad nobody's watching, eh?

 

PMSNBC audiences are usually confined to a few hundred moonbats. 

[jukin]

The best thing the business community could do to spur the economy, in my opinion, is give every worker at least a 10% across the board annual increase. That would be the best stimulus in the world, and demand would undoubtedly increase for the goods and services on the shelves. And more people will be hired to meet the new and increasing demand for goods and services.

Yes force raises and watch 80% of all businesses go bankrupt and/or move immediately out of the USA.

If the DUdes would only look at what happened when Nanzi raised the minimum wage. Within 3 months the youth unemployment almost doubled.  Just like we all said it would.

[Karin]

Pile on the payroll taxes that are the employer's part, and you're looking at red ink.  Shut the doors.  DUmmie economics, once again. 

[Wineslob]

nadinbrzezinski Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Jul-15-11 12:22 PM
Original message
Wow, MSNBC is having pushback
   
To the bullshit of lower taxes lead to job creation... Bout bloody time I say.

DUmmy of the Year. To wit:

President Clinton's Council of Economic Advisers in 1994: "It is undeniable that the sharp reduction in taxes in the early 1980s was a strong impetus to economic growth." Unfortunately, the Council could not bring itself to acknowledge the counterproductive effects high marginal tax rates can have upon taxpayer behavior and tax avoidance activities.

Since 1984 the JEC has provided factual information about the impact of the tax cuts of the 1980s. For example, for many years the JEC has published IRS data on federal tax payments of the top 1 percent, top 5 percent, top 10 percent, and other taxpayers. These data show that after the high marginal tax rates of 1981 were cut, tax payments and the share of the tax burden borne by the top 1 percent climbed sharply. For example, in 1981 the top 1 percent paid 17.6 percent of all personal income taxes, but by 1988 their share had jumped to 27.5 percent, a 10 percentage point increase.

Incidentally, the claim that unrealistic supply side Reagan Administration revenue projections caused large budget deficits during the 1980s is false. Nonetheless, this false allegation is often used against current tax reform proposals. The official Reagan revenue projections immediately following enactment of ERTA did not assume huge revenue increases, and were actually quite close to the CBO revenue projections. Even the Democrat-controlled CBO projected that deficits would fall after the enactment of the Reagan tax cuts. The real problem was a recession that neither CBO nor OMB could foresee. Even so, individual income tax revenues rose from $244 billion in 1980 to $446 billion in 1989

Suck it long and hard DUmbshits.

http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm

[sybilll]

DUmmy of the Year. To wit:

 

 


Suck it long and hard DUmbshits.

http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm

These are the same DUmmies that live by the broken window fallacy.  They wouldn't recognize the Laffer curve if it bit them in the ass. 

[Skul]

These are the same DUmmies that live by the broken window fallacy.  They wouldn't recognize the Laffer laugher curve if it bit them in the ass. 

Hope you don't mind the slight modification.

[I_B_Perky]

Zen Democrat Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Jul-15-11 12:32 PM
Response to Original message
4. When will they come to understand the basics of a free market economy? We understand it quite well. You parasites are the ones having the trouble.
  
Edited on Fri Jul-15-11 12:33 PM by Zen Democrat
It's all about demand. Demand is what grows the economy ...you are correct and a middle and working class of people having money to buy furniture, cars, refrigerators, and more on the necessities of life, as well as being able to take a vacation and eat dinner at a restaurant once a week -- THAT grows the economy. again you are correct

The companies sitting on all the wealth of the nation aren't going to hire people because they have more money thrown at them. They will hire people when their goods and services are selling more. Their goods and services will sell more when the middle class is strengthened to the point consumers can once again afford to consume. Again you are somewhat correct. But you misdiagnose the problem. When business doesn't know what new regs are coming down the pike, when businesses don't know what obamacare is going to cost, when businesses don't know what new taxes are coming down the pike... they preserve capital

The best thing the business community could do to spur the economy, in my opinion, is give every worker at least a 10% across the board annual increase. That would be the best stimulus in the world, and demand would undoubtedly increase for the goods and services on the shelves. And more people will be hired to meet the new and increasing demand for goods and services. They will have to do more than that with obamacare coming down the pike. Too bad the workers won't see a penny. How about that for a stimulus?

Economics 101. BWAHAHAHAHAHAHAHAH