Regan Insider: GOP Destroyed U.S. Economy.

#2
#2
Yes, Stockman is equally damning of the Democrats' Keynesian policies.
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also, his criticisms of Bush are nothing new and there's nothing that hasn't been posted, ad nauseum, on these forums, by those of us who rejected Bush's big government agenda.
 
#3
#3
MG1968 said:
also, his criticisms of Bush are nothing new and there's nothing that hasn't been posted, ad nauseum, on these forums, by those of us who rejected Bush's big government agenda.
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Perhaps. But it's so much more eloquently stated in the link, with greater detail and goes well beyond these forums. They should mount this article in the halls and on the walls of every goverment building in the country. Every finicial institution and Educational Facility in the country. Heck post it in Supermarkets.
 
#4
#4
MG1968 said:
also, his criticisms of Bush are nothing new and there's nothing that hasn't been posted, ad nauseum, on these forums, by those of us who rejected Bush's big government agenda.
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That article goes a lot deeper than just Bush.

Def. worth a second more detailed read over the weekend.
 
#6
#6
Geithner is a Republican loyalist?

I agree with some of this but there's some serious reaching going on as well.
 
#7
#7
Not to mention that the Dems have their hands on a good amount of this as well. Playing this out to be purely a Republican fault for these bulletpoints is a little dishonest. Smells like a Paul O'Neil sour grapes type hit piece than full intellectual honesty.
 
#9
#9
It's got some points - there are clearly limits to supply side philosophy WRT to taxes and increasing revenues.

The tax code needs to be scrapped for one that encourages stable growth and covers "essential" spending.

In lieu of that, I'd offer a compromise on the Bush cuts extensions. Let the marginal rate revert but leave cap gains the same or agree to extend all the cuts but only for 2 years on the top marginal rate.
 
#11
#11
orangeblooded2 said:
This thread died quicker than even I thought. Fact is scary as hell and the GOP is guilty.
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Hi. I've never been confused with a GOP homer. I assure you, the Republicans are no more or less guilty than democrats. You can take that to the bank- but I wouldn't recommend it, as it might get "nationalized."

If you think this is some sort of "ultimate victory" for democrats, you are mistaken.
 
#12
#12
To add to IPs comments; you can throw a bubble/credit crazy public into the blame game as well.
 
#13
#13
orangeblooded2 said:
This thread died quicker than even I thought. Fact is scary as hell and the GOP is guilty.
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I didn't realize you were shallow enough to find one article that seemingly confirms your wildest wet dreams and decide that the debate, at least for you, is over.

I suppose that's a good thing, now maybe you'll just troll the movie threads proclaiming that the next big blockbuster is going to be the best ever.
 
#14
#14
No one who is being intellectually honest is going to debate that the economy is not a bipartisan fudge job. Not really much to debate.
 
#15
#15
Yeah, I'm going to echo IP's comments. I'm certainly no Republican apologist either, but the dems are guilty to. In the interest of being completely honest, laying the blame squarely on the repubs is misguided at best. There should be more than enough blame to go around. We need a third party something awful. A true fiscally conservative, socially liberal party would be a breath of fresh air.
 
#17
#17
The timer on the time bomb was set when Progressives took over BOTH parties in the early 1900's. Their policies were destined to destroy the economy. Both parties were "liberal" from around 1912 to 1980.
 
#19
#19
orangeblooded2 said:
This thread died quicker than even I thought. Fact is scary as hell and the GOP is guilty.
Click to expand...

There are several problems with the article. Nixon was far, far from a supply sider. He was clearly one of the most Keynesian Presidents EVER. Second problem, purists like most of US here NEVER wanted the spending to increase under Bush like it did. THAT, and not the tax cuts, were the harm he did.

Another problem is that he ignores the simple, ironclad FACT that rising taxes slow the economy and in this case will in fact reduce revenues.

The biggest problem though is a failed cause-effect relationship. The economy is "destroyed" or being "destroyed" because productive people are keeping too much of their capital for reinvestment or personal consumption. The economy is being destroyed because progressively more people are buying the idea that it is legitimate for them to vote themselves benefits out of the public treasury to be paid for wholly or in significant measure by the efforts of someone else.
 
#20
#20
Not too much to talk about, gov't = failure......... yet people like orangeblooded keep voting these fools in.
 
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