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Flame-thrower
You claim to be a conservative yet you know nothing about trickle down economics? That is a core belief of the Conservatives. All in all it is a great excuse to help the rich get richer while they ignore the working class pretending that the rich will be kind enough to give more to the working class if they have more to begin with, even though this never happens. What parts about it do you not understand?
posted by
kooka_lives
on December 5, 2005 at 10:38 AM
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Corbin
So as long as the rich keep on getting richer all is good in your book? You really need to look at the big picture where the working class is being treated poorly and not being provided for well enough to keep the economy strong. We are officially still in a recession. I have yet to hear other wise from anyone official. Unemployment is still not as low as it was before Bush took over and started up his policies. Out here in Colorado our unemployment more than doubled after Bush took over and has yet to fully recover.
"The current unemployment average of 5% is lower than averages in the 1970s, 1980s and 1990s"
The 80s were very much conservative rules, so that makes a very poor case.
He just had to fix all the problem caused by Bush Sr. and over a decade of Conservatives running things.
And I would also like to know what the average unemployment rate for all of the years with Bush as president are. You are judging a current rate against each decade's average, which really is apples and oranges.
"and inflation has remained tame."
Says who? I know so many people who are having to cut back on things like crazy. Less and less vacations. No one is going to the movies. I already know of a lot of people who are just not going to be able to spend much money this Christmas. Why? Because the cost of living is increasing faster than their pay. When the average wage increase is not enough to keep up with just one price increase, such as we saw with gas prices, how is anyone suppose to be able to keep up with all the other price increases? Sure gas has come back down, but that most likely will only last the winter as the oil companies are able to make their money back through heating prices. I see no signs at all of things stabilizing or inflation being tame.
posted by
kooka_lives
on December 5, 2005 at 10:35 AM
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I did not know about this economic theory until I read your post. But I must confess that I was confused a little bit. Cheers
posted by
Flame-thrower
on December 4, 2005 at 6:13 AM
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RECESSION?????
I'm telling you when two Liberals get together.......it's just too damned funny....
On the economy........
From Forbes:
Now that we are nearly a year into the President's second term, just how strong is our economy? The answer is in the numbers. The GDP grew 3.8% in the third quarter. This is the tenth consecutive quarterly increase of above 3%. As noted by Washington Times columnist Gary Andres on Nov. 3, it is the longest streak of consistent growth since World War II. Reuters on the same day also noted that business productivity surged in the third quarter and said that other indexes are equally good. On Nov. 4 the government's new employment figures showed that 56,000 new jobs had been created in October. That means more than 4.2 million new jobs have been created since May 2003. The current unemployment average of 5% is lower than averages in the 1970s, 1980s and 1990s, and inflation has remained tame.
And the third quarter numbers have been revised upward to 4.3%
Yep...a hell of a recession.....
OK, you two can go back to your love-in..........
posted by
Corbin_Dallas
on December 2, 2005 at 11:32 AM
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fwmystic
Great point. And we can see that as a big problem right now. The rich are not spending all their money. Instead they are hoarding it. It is just sitting around doing nothing at all, creating the recession we are still actively trapped in at this time.
For a truly healthy economy the money needs to be in circulation. And that is just not happening right now. The rich seem to only care about being richer than their friends so that they can have their status in society. They do not care if they are screwing the little guy over by doing this.
posted by
kooka_lives
on November 30, 2005 at 6:26 AM
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Kooka, take it a step further ...
trickle down economics means that we have to give the rich incentives to spend money. If they don't, then according to this theory, all the little people (you and me) won't have businesses or jobs because they'll decide not to spend.
posted by
fwmystic
on November 29, 2005 at 8:40 PM
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