Opinion of Trickle-Down Economics

[Bo]

Also known as Supply-Side Economics.

Bad idea.

[Bo]

I don't really need to comment, except to note that the american electorate always keeps voting for this!

No they don't.

yes they do!!!

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[Bo]

I don't really need to comment, except to note that the american electorate always keeps voting for this!

No they don't.

yes they do!!!

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^6

But then again once put into effect, the suburban Northeast turned from GOP to Dem.  The GOP primarily won so handily pre-Reagan solely on taxes.

I agree with you, and I think that the GOP's embrace of trickle-down economics was definitely a factor. Many Republicans from the Northeast opposed trickle-down economics before Reagan, but then once they all started to support it, many Democrats began winning their seats over the next 30 years.

[Bo]

A good idea that was never carried far enough.  While I consider the Libertarians to be close allies of mine when it comes to dismantling government, I do support major tax breaks for both the wealthy and for business.  When we take care of those who employ the rest of us, they in turn, take care of us.  Also, then tend to use the money awarded them via tax cuts or business grants/abatements, etc. to create new wealth.

The liberal model, though honorably intentioned, is to let wealth trickle up.  The Robin Hood approach has never worked and it never will.  Just look at how the New Deal prolonged the recession and accomplished nothing positive.  Ever since that gigantic fiasco, indolent Americans have become addicted to handouts.

I strongly disagree with the bolded parts.

[Bo]

Trickle-Down Economics aka Supply-Side Economics aka Reaganomics aka Voodoo economics is the worst thing that has ever happened to this country. A main part of trickle-down economics is tax cuts for the rich, which is something I am strongly against. Also, another main part is deregulation, which is primarily what led to the Great Recession.

Deregulation had nothing to do with the recession. Government intervention in the economy caused it.

If you don't believe me, you can read more about how your anti-regulation ideology led to this recession in this articles:

http://www.marketoracle.co.uk/Article8210.html
http://www.twnside.org.sg/title2/finance/2009/twninfofinance20090305.htm
http://www.swifteconomics.com/2009/05/25/is-deregulation-to-blame-well-kinda/

In fact, the only people who seem to still believe deregulation is good are people who are either uneducated, people who are partisan hacks who refuse to admit that their policies don't work, or people who are both. Perhaps you can give me some actual sources and evidence that it was government intervention that caused this recession.

No, I'm not going to read more lies and BS from you or from anyone else.

Try reading something that's actually accurate for a change.

If you aren't going to read anything that might prove that you're wrong, and only believe sources that suggest everything you say and believe is correct, then you are simply too immature and irrational to be taken seriously. How do you know what I posted is accurate if you don't even read it?

Unlike you, I actually read the sources you provided. The article you posted is mostly filled with partisan ideas and theory that have already been tried multiple times in the past, and have been discredited, and are not based on reality.

Anyways, perhaps I should stop talking to you before I make you even more angry then you are already.

Deregulation and the govt. are both to blame. Deregulation is to blame for allowing banks to become massive larger and more volitaile (and thus have much more influence on the overall economy) and undertake risky activities that could ruin them and bring down the whole economy with them. It is due to deregulation that the Great Recession was as severe as it was, since if the banks were not allowed to get so large and undertake risky commercial activities related to the housing boom, they would not have failed and the whole economy certainly wouldn't have been taken down with them. However, the govt. is to blame because the Fed (with Bush's and Congress's approval) lowered interest rates too much and kept interest rates too low for too long, thus allowing a housing bubble to be created in the first place.

[Bo]

I support the idea that government returning the people's money back to their own pockets is a good thing.

It depends on whose money and how much of their money is returned to them.