APP - 'Five Zombie Economic Ideas That Refuse to Die'

You know, in response to a Krugman column about how Reaganism was a zombie ideology I wrote "Ya gotta shoot 'em in the head!" in the comments. It wasn't approved.
 
A few links on Reagan since you asked. I saw firsthand Reagan's policies, Reagan placed business ahead and in charge of labor regardless of the consequences. But Reagan is the best the republicans have so he remains pure myth.

http://www.opednews.com/articles/Ronald-Reagan-Worst-Presi-by-Robert-Parry-090605-584.html "....there's a growing realization that the starting point for many of the catastrophes confronting the United States today can be traced to Reagan's presidency. There's also a grudging reassessment that the "failed"- presidents of the 1970s--Richard Nixon, Gerald Ford and Jimmy Carter--may deserve more credit for trying to grapple with the problems that now beset the country."


http://firedoglake.com/2009/02/01/newsflash-ronald-reagan-raised-taxes-you-idiots/ "It's conservative lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan's watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly,but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year's reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike the largest since World War II was actually "tax reform" that closed loopholes in his earlier cut and therefore didn't count as raising taxes.)"


http://www.huffingtonpost.com/hale-stewart/ronald-reagan-fiscal-dis_b_82370.html If you look closely at the tax receipts under Reagan and compare them to other periods you will notice a clear pattern: there is no meaningful difference between the yearly change in tax receipts under Reagan and any period before or after. This tells us a very important fact: tax receipts -- and the growth thereof -- is as much a function of overall economy growth as the actual tax rate.



See. [ame="http://www.amazon.com/Invisible-Hands-Making-Conservative-Movement/dp/0393059308/ref=sr_1_1?ie=UTF8&s=books&qid=1247845984&sr=1-1"]Amazon.com: Invisible Hands: The Making of the Conservative Movement from the New Deal to Reagan (9780393059304): Kim Phillips-Fein: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/519fqDs4W7L.@@AMEPARAM@@519fqDs4W7L[/ame] "Historian Phillips-Fein traces the hidden history of the Reagan revolution to a coterie of business executives, including General Electric official and Reagan mentor Lemuel Boulware, who saw labor unions, government regulation, high taxes and welfare spending as dire threats to their profits and power. From the 1930s onward, the author argues, they provided the money, organization and fervor for a decades-long war against New Deal liberalism funding campaigns, think tanks, magazines and lobbying groups, and indoctrinating employees in the virtues of unfettered capitalism."



Reagan compared to Clinton. Hard facts.

http://zzpat.tripod.com/graphs.htm

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midcan5 said:
A few links on Reagan since you asked. I saw firsthand Reagan's policies, Reagan placed business ahead and in charge of labor regardless of the consequences. But Reagan is the best the republicans have so he remains pure myth.

http://www.opednews.com/articles/Ronald-Reagan-Worst-Presi-by-Robert-Parry-090605-584.html "....there's a growing realization that the starting point for many of the catastrophes confronting the United States today can be traced to Reagan's presidency. There's also a grudging reassessment that the "failed"- presidents of the 1970s--Richard Nixon, Gerald Ford and Jimmy Carter--may deserve more credit for trying to grapple with the problems that now beset the country."


http://firedoglake.com/2009/02/01/newsflash-ronald-reagan-raised-taxes-you-idiots/ "It's conservative lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan's watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly,but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year's reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike the largest since World War II was actually "tax reform" that closed loopholes in his earlier cut and therefore didn't count as raising taxes.)"


http://www.huffingtonpost.com/hale-stewart/ronald-reagan-fiscal-dis_b_82370.html If you look closely at the tax receipts under Reagan and compare them to other periods you will notice a clear pattern: there is no meaningful difference between the yearly change in tax receipts under Reagan and any period before or after. This tells us a very important fact: tax receipts -- and the growth thereof -- is as much a function of overall economy growth as the actual tax rate.



See. Amazon.com: Invisible Hands: The Making of the Conservative Movement from the New Deal to Reagan (9780393059304): Kim Phillips-Fein: Books "Historian Phillips-Fein traces the hidden history of the Reagan revolution to a coterie of business executives, including General Electric official and Reagan mentor Lemuel Boulware, who saw labor unions, government regulation, high taxes and welfare spending as dire threats to their profits and power. From the 1930s onward, the author argues, they provided the money, organization and fervor for a decades-long war against New Deal liberalism funding campaigns, think tanks, magazines and lobbying groups, and indoctrinating employees in the virtues of unfettered capitalism."



Reagan compared to Clinton. Hard facts.

http://zzpat.tripod.com/graphs.htm

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interesting and informative graphs that demonstrate your points
 
Damn Yankee said:
How old are you that you can't back up your assertion that the Reagan/ Bush economy was a "collapse"? How old are you that you don't realize that the economy is cyclical? How old are you that you think that spending in the middle of a recession is going to make the recession go away?
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The economy is only cyclical because the money masters collapse it every now and then to pillage money from the lower classes.
 
SmarterThanYou said:
you couldn't be any more wrong. I've been down on my luck, when the only jobs were raking leaves for my neighbors and i'm 44 years old. some people want to work, most people don't want to work any harder than they have to. This is also a by product of the welfare entitlement agenda of the Liberals. FDR's measures were nothing but the road to hell paved with good intentions. Look what it has wrought for us now. Kids that drop out of school because they know that they can get a government handout if they can't find a job that doesn't require a diploma. I know several kids right now that have quit jobs because their mother would no longer give them a ride and they refuse to walk 15 blocks to their job.

People nowadays have no clue what it really means to have to work hard and they have no intention of finding out when the government will back them up on it.
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44 huh? Nothing dumber than a young conservative.
 
Damn Yankee said:
1. Again, back up your assertion with facts.
2. First of all, cutting taxes is not spending, so you failed to answer the question: How is spending in the middle of a recession is going to make the recession go away? Secondly, if rich people buy more toys, who makes the toys? Doesn't that put a demand for toys that would supposedly fuel the economy as you liberals assert?
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Are you really as stupid as this post indicates?
Of course tax cuts are spending. The Gov. voluntarily collects less of your money, the same as if they spent some.
Second, are you serious? The rich buying a few toys doesn't put people to work. First of all, the rich don't spend much money, thats why they are rich.
For the economy to recover, the middle and poor classes have to have money and spend it. That's why tax cuts for the rich don't work duh.
 
evince said:
Dear fucking idiot, history proves trickle down is a major fail and that stimulus works.

God am I sick of stupid fuckers like this
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Actually, Reaganomics was a slick sales job. If Reagan had told the truth, that trickle down was a Trojan horse designed to restore the plutocracy of the last 19th century – the Gilded Age, the American people would have rejected it.


The Gilded Age (1869-1901) was a time of laissez-faire economics: The U. S. government provided handouts to Big Business with a "hands off" policy.

gilded20age2.jpg


http://davidoffutt.wordpress.com/2010/03/29/plutocracy-republicans-and-the-gilded-age/
 
Dune said:
Are you really as stupid as this post indicates?
Of course tax cuts are spending. The Gov. voluntarily collects less of your money, the same as if they spent some.
Second, are you serious? The rich buying a few toys doesn't put people to work. First of all, the rich don't spend much money, thats why they are rich.
For the economy to recover, the middle and poor classes have to have money and spend it. That's why tax cuts for the rich don't work duh.
Click to expand...

Tax cuts are the government taking less of your money. That's not spending.
 
Damn Yankee said:
They are pitiful because they are so stupid, and its too late for them to learn.
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You know, it is bad enough that you are a proponent of failed policies. Most everyone is naturaly conservative, but the republicans are not, and you sir are a fool.
 
evince said:
Dear fucking idiot, history proves trickle down is a major fail and that stimulus works.
Click to expand...

i can only agree with the bolded part. stimulus has only proven to work when that spending is put in to areas that create opportunities for innovation. so called stimulus spending in areas of 'infrastructure' don't do anything but prop up a few big crony companies.
 
Dune said:
You know, it is bad enough that you are a proponent of failed policies. Most everyone is naturaly conservative, but the republicans are not, and you sir are a fool.
Click to expand...

Conservative policies work every time that they are tried. Occasionally even by Republicans.
 
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