What right does Bush have to?

Question

prove the Phillips Curve wrong and the Laffer Curve right?

Sheesh!

I know, you all thought this would be the 111,000th Lib-idiot rant about how a few stupid butt pyramid photographs and playing with the A/C and the lights at Gitmo put our troops on the same level as Josef Mengele....

Well it's not.

Surprise!

OK you're right, except that Carter did so inadvertently.....

stiggo, it IS the same argument - the economy is strong and creating new jobs BECAUSE OF THE ECONOMY'S ABILITY TO REINVEST ITS OWN EARNINGS, WHICH IS BECAUSE THE GOVERNMENT TOOK LESS OF THOSE EARNINGS IN TAXES.

We're at the peak of an interest rate cycle, yet the economy is performing as if we were close to the bottom of an interest rate cycle.

frug "give up looking for a job" - - I've heard that argument but there's no basis for it - - there aren't these untold millions who "have given up."

Answer 1

I think Carter and Reagan beat him to each of those, respectively.

Answer 2

I've seen several examples of the concept illustrated in the Phillips curve, but the Laffer curve appears to be a total fabrication designed to make the argument that cutting taxes on the wealthy is somehow mathematically a good idea.

If you're implying that Bush has managed to have low inflation and high employment I think you are confused by how unemployment is reported. Once you give up trying to find a job you are no longer considered unemployed. So low unemployment figures does not imply high employment. Strange but true.

Of course all these observations in economics come with a thousand and one disclaimers as to under what circumstances they are likely to hold true. For example globalization, the internet, unfettered illegal immigration, etc. are changing the rules day by day.

Answer 3

David Stockman already took the Laffer Curve to task..

trickle down models are flawed..supply and demand of labor speaks for itself..

Bush doesn't have to do a thing..wages need a boost..to cover the necessities of life and pay down debt..

besides when wages rise and the money supply expands..tax reciepts on value added taxes increase too
keeping gov't appeased..if that is possible

Answer 4

I served in Iraq for 8 months with marines , primarily in Fallujah in 2004 . 2/1 baby !!! So I wish they would just killed all those haji jerks . They wouldnt think twice about cutting our heads off with a butter knife starting from the front .

Answer 5

Please pick one belief and stick to it. You keep mentioning how the economy is strong and so many more people are working at good jobs. If this is correct, then the increase in tax revenues is most likely due to those factors, not the tax "cuts."

Answer 6

He is running to join the Liberal Party?

Answer 7

well there was ..alot of hurt ,,,,fa fe FEELINGS
at gitmo
bush made them eat pork chops
waa
waaaaaaaaaaaaa