bonehead wrote:I mean really,the guy was an idiot president.The republican party has based itself on trickle down and de-regulation.But the way some people talk,you'd think he was a God.With one pass of his mighty hand he brought down the Soviet Union!What a bunch of crap,i submit to all of you that the mess we're in started the day the idiot was elected.
Supply-side economics is an arguably heterodox school of macroeconomic thought that argues that economic growth can be most effectively created using incentives for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates. Supply-side economics is often conflated with trickle-down economics, now a term given to right-leaning economists' views.[1] The term supply-side economics was coined by journalist Jude Wanniski in 1975, and popularized the ideas of economists Robert Mundell and Arthur Laffer.
Bush advisor Greg Mankiw offered similarly sharp critisim of the school in the early editions his introductory economics textbook.[9]
In a 1992 article for the Harvard International Review James Tobin wrote, "[The] idea that tax cuts would actually increase revenues turned out to deserve the ridicule…"[10]
bonehead wrote:I mean really,the guy was an idiot president.The republican party has based itself on trickle down and de-regulation.But the way some people talk,you'd think he was a God.With one pass of his mighty hand he brought down the Soviet Union!What a bunch of crap,i submit to all of you that the mess we're in started the day the idiot was elected.
Reagan based "Reaganomics" on Arthur Laffer's theories on "supply-side" economics.
My personal observations are that corporations are rewarded (through investment growth) by not spending tax incentives and reducing expenditures. In a localized economy, this would work, but in the real world, they ship the expenditures (jobs) overseas to get the lowest price. The money never finds its way back into the real economy, and stays locked in securites.
bonehead wrote:I mean really,the guy was an idiot president.The republican party has based itself on trickle down and de-regulation.But the way some people talk,you'd think he was a God.With one pass of his mighty hand he brought down the Soviet Union!What a bunch of crap,i submit to all of you that the mess we're in started the day the idiot was elected.
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