Trickle Down Tales
- Thread starter signalmankenneth
- Start date
Cancel 2016.2
The Almighty
Yet more ignorance from the left.
Crashk
Unite or Die
So trickle down has worked in your opinion! We're now enjoying the fruits of years of conservative 'market is God' ideology? Well, maybe the top 5% and people like Paris Hilton and God knows she needs tax breaks.
Don't worry though, if we elect more extremist right wingers things will get better by doing same things that got us into this mess. Hey, makes sense to Faux viewers.
only uneducated boobs and people who don't care much for money are struggling.
Here is where dems will get killed in 12.
The top 20% are doing great, granted
The next 60% want to and expect to get into that top 20
setting your whole speal on the bottom 40% is why dems haven't done shit since Reagan
Here is where dems will get killed in 12.
The top 20% are doing great, granted
The next 60% want to and expect to get into that top 20
setting your whole speal on the bottom 40% is why dems haven't done shit since Reagan
G
Guns Guns Guns
Guest
Corporate America is hoarding a massive pile of cash.
It just doesn't want to spend it hiring anyone.
Companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession, and as several major firms report impressive earnings this week, the money continues to flow into firms' coffers.
Yet all the good news from big business hasn't translated into much promise for jobless Americans, leading many to wonder: If corporations are sitting on so much money, why aren't they hiring more workers?
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/14/AR2010071405960.html
It just doesn't want to spend it hiring anyone.
Companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession, and as several major firms report impressive earnings this week, the money continues to flow into firms' coffers.
Yet all the good news from big business hasn't translated into much promise for jobless Americans, leading many to wonder: If corporations are sitting on so much money, why aren't they hiring more workers?
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/14/AR2010071405960.html
Cancel 2016.2
The Almighty
lol... wow... thanks for contributing yet MORE nonsense to the thread.
Yes, we enjoyed 20 plus years of benefits from the fruits of what Reagan and Volcker accomplished. Have there been speed bumps along the way? Absolutely. It started with Bush Sr. raising taxes 90/91 recession, it continued with Clinton repealing Glass Steagall (which led to the economic meltdown) and Clinton raising corp tax rates, it continued further with insane spending by Bush Jr. and Obama... which furthers uncertainty in the markets.
Right now, it is not the trickle down theory killing us... it is the misuse of Keynesian theory that is hurting the economy. That coupled with needless regulations being added and a failure to re implement PROVEN regulations is killing us. When you continue to outspend revenue by $1.5 Trillion per year with NO plan to pay for it, corporations (small and large) are going to sit on the sidelines and not resume hiring (as the costs of firing are too high).
Cancel 2016.2
The Almighty
side note crash... about two thirds of the Bush tax cuts went to the middle and lower classes. Which is why Obama extended that portion. The idiots on the left keep calling it 'tax cuts for the rich' because on a per capita basis they naturally get more dollars than the lower and middle classes due to the amount of money they make and are taxed.
G
Guns Guns Guns
Guest
G
Guns Guns Guns
Guest
A distributional analysis of the 2001-08 tax changes shows that the top 1% of earners (making over $620,442) received 38% of the tax cuts.
The lower 60% of filers (making less than $67,715) received less than 20% of the total benefit of Bush’s tax policies.
http://www.epi.org/page/-/EPI_PolicyMemorandum_184.pdf
The lower 60% of filers (making less than $67,715) received less than 20% of the total benefit of Bush’s tax policies.
http://www.epi.org/page/-/EPI_PolicyMemorandum_184.pdf
Crashk
Unite or Die
Like Tom Hartmann says... if I give you a credit card that you don't have to pay back in your lifetime you can live large, but the bill will come due on your children. More money for the rich and communist corporations will only dig our hole deeper. Supply side economics has failed, get out of the basement and look around.
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein