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What good is an economic theory if it can't be used to predict anything?

http://answers.yahoo.com/question/index;_ylt=AlXwlaEp0hMK.zCvxRc3y1XY7BR.?qid=20070410053222AACfp3G

2007-04-10 02:08:14 · 6 answers · asked by trovalta_stinks_2 3 in Politics & Government Politics

Skip G,

Dubya does not have the longest economic expansion in history. Clinton does. The economy grew EVERY SINGLE month Clinton was president. The economy only started to grow under Dubya in 2003.

http://www.nber.org/cycles.html

IN TERMS OF JOBS, REPUBS ARE ALSO LACKING
5) Here are the jobs created in percent change and net millions:

PERCENT CHANGE

FDR 95.69% (32' to 45', NYT: DERIVED FROM AVERAGE ANNUAL RATE OF +5.3%)
FDR 40.04% (39' to 45', no pre-39'gov data found yet)
JFK/LBJ 29.35%
Clinton 20.73%
Reagan 17.69%
Carter 12.81% (76' to 80')
Bush Sr 2.42% (88' to 92')
Bush Jr 1.55% (00' to 06')

NET MILLIONS

Clinton 22.746
FDR 18.310 (32' to 45', NYT)
JFK/LBJ 15.755
Reagan 16.102
FDR 11.980 (39' to 45', no pre-39' gov data found yet)
Carter 10.339 (76' to 80')
Bush Sr 2.592 (88' to 92')
Bush Jr 2.059 (00' to 06')

http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=CES0000000001

2007-04-10 02:35:39 · update #1

6 answers

I will tackle your weak question head on.

tax cuts from GWB saw the largest economic expansion in US history.

It created over 5 million jobs

The stockmarket is the highest it has ever been

Bush came into office with a recession from your liberal president.

overcame 9/11 and we are the richest nation in the world.

You blaming conservatives for the market is a joke, under the GWB adm, Exxon has posted the largest quarterly profit in the history of business.

I am not afraid of your question, I answered it amazingly well

2007-04-10 02:19:17 · answer #1 · answered by Anonymous · 4 1

Hello, Conservative here.
Your statements don't tell the whole story. When tax rates were at 90%, my liberal friend, no one actually paid those rates because there were so many loopholes. Do you think anyone is crazy enough to risk their own capital in an investment if the result would be that they would have to give away 90% of it? The 90% tax rate was fiction. Wow, can you imagine the disaster if people really had to pay 90%? Commerce would all but stop dead in its tracks.

It isn't even worth addressing most of your other nonsense such economic growth numbers comming off of a depression or "If you don't include WWII", please! If a pig had wings he could fly.

Bill Clinton admitted he raised taxes too much. He was only saved by the dot com bubble. Thankfully, the Republicans took control of congress to prevent him from doing anything else stupid.

Social Security is a complete SCAM and a license to steal for the Federal Government. They spent all of it already. Imagine how much better everyone would have done if FDR had come up with a 401k plan instead.

LBJ's Great Society was an absolute disaster. He declared war on poverty and after a trillion dollars were spent we have more poor people than when he started. We built all kinds of public housing projects that were torn down ten years later.

So, in summary, I ask what will people do with their own money if they are allowed to keep it? Answer, they will spend it (which creates jobs and fuels commerce) they will save it (which gives banks more money to invest) they will invest it (which provides funding and lowers interest rates for businesses and homeownership) or they will contribute to charities (another good use of money).

What happens if the government takes it in taxes? People spend less (results in unemployment) They save less (so banks have less to invest) they invest less (so busniess have difficulty getting necessary financing and forget about homeownership) and the will give less to charity.

Anyone who thinks that a government bureaucracy can do a better job of spending our money than we do is not thinking clearly. The shear cost of the bureaucracy prevents that from ever being true.


.

2007-04-10 02:37:49 · answer #2 · answered by Jacob W 7 · 0 1

because of the fact they look much less radical while they vote or help Democrats.however the reality is that the two the dems and GOP consistently and could continuously help Israel,no longer count what.Obama grow to be during the years AIPAC convention bragging approximately how he stored pouring american tax payers money into the Israeli palms marketplace in spite of the very undeniable fact that he had to made cuts in welfare and different aspects at living house as a fashion to stability the funds. TL;DR The zionists have offered our congress and politicians,be it democrats or republicans.

2016-12-08 23:06:06 · answer #3 · answered by ? 4 · 0 0

Trickledown economics... aka supplyside economics ....aka voodoo economics.....is terrible for our nation's future.

It is only a temporary bandaid, and it is like using a credit card to pay your bills. And eventually the credit card bills will bankrupt our nation.

The ONLY time trickledown economics should be used is in a major recession.

2007-04-10 02:12:57 · answer #4 · answered by Villain 6 · 1 1

It worked well in Russia.

Duhhhhhhhhh

Even China is trying to avoid your socialist ideas

2007-04-10 02:16:45 · answer #5 · answered by duck 2 · 0 0

I answered it!

2007-04-10 02:13:58 · answer #6 · answered by Anonymous · 0 0

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