Supply-Side does not work. Taxcuts do not create jobs. Deficits do matter.

[kentuck]

The conservative supply-side ideology has almost destroyed this country. It has been a colossal failure.

Isn't it time to admit it?

Why do we continue to go along with these charlatans? Isn't it about time for the Democrats to stand up to them? In fact, isn't it way beyond time for the Democrats to stand up to them?

It simply doesn't work.

In 1980, when Reagan was elected over Jimmy Carter, the national debt was less than $1 trillion dollars. Now, we are working towards $14 trillion dollars in debt.

Prior to Reagan, workers were getting raises tied to their productivity. Even with the inflation, most were much better off than they are today.

They said if we cut taxes, it will create more jobs. And that will bring in more money to the Treasury and balance the budget. That was bullshit.

Huge deficits are the trademark of the supply siders. With the carryover deficits, it is safe to say that the Supply Siders are responsible for 100% of the debt since 1981.

How much longer must we put up with this crap?

[katnapped]

1. Democrats... to... stand... up?

That would require BACKBONE, which the party is largely devoid of today

[Dont_Bogart_the_Pretzel]

9. That would require BACKBONE, and lose their Blue skin.

[FreakinDJ]

2. Your Sanity is Appreciated

[Skink]

3. Also for the first time in history we cut taxes during war time.

[Enrique]

4. now that the rich have their tax cuts

deficits will matter again.

[jody]

5. There is no credible theory connecting macro to micro economics. Macro-economists

advise presidents and congress.

Micro-economists advise CEOs and boards of directors.

The former waste taxes, the latter create jobs.

[Edweird]

6. "Stand up" >imlpying our current "Dem" admin. doesn't WANT supply side policy.

[Bandit]

7. Well when JFK did it, it actually did increase revenues..

There is a line, maybe a fine line, where there is a balance between how much a company/person can pay and still be productive and competetive and still maintain a fair Profit Margin..Republicans have constantly crossed that line. Companies have a very good Profit Margin but America does not..

[valerief]

8. You know that saying that only two things in life are true? Well, there are actually three.

Death
Taxes
The Rich Get Richer

[lunatica]

10. After wikileaks it seems pretty obvious it's probably too late to stand up to this

There has to be a time when reality is faced. Thinking we have the capacity to change anything if only we stood up to them is still believing in a fantasy. When I read that the DEA has become another CIA type agency that has power it was never intended to have I finally realized there is no going back or reversing anything. We're being played for fools.

When corruption is a cancer that's that deep, there's no cutting it out without killing the patient. Trying to get something back seems to be a losing proposition. And in reality, what is it we want to restore? The rot has been there for generations. It's just now coming out so we can see it. The only thing we would restore would be the illusion we used to believe in. It's still just an illusion.

We need to start thinking of other solutions. Maybe just shrinking our attention down to our immediate communities might be one way. Start from scratch again at the local level.

[HughBeaumont]

11. How Long, Oh Lord?

And he said: “Until cities lie waste without inhabitant, and houses without people, and the land is a desolate waste," (Isaiah 6:11)

Nothing like using their little novel against them . . .

But no, the real answer to that is when enough people wake up and say "I don't want life to be LIKE this anymore." And, well, good luck with that. Since nearly 80% of the population can't even begin to fathom what true suffering is like and is largely unaffected by what's going on in the economy right now; and because of this, there will be no mass protests or sudden citizen uprising, Trickle Down Bullshitnomics has no reason to stop.

The rich have no reason to fear us as long as we keep on accepting all of their takeaways from the middle/working/poor with nary a peep. The rich have no reason to fear us as long as "divide and conquer" remains vastly effective. The rich have no reason to fear us as long as a great percentage of the population still believe they're going to make it to the "Big Dance" someday.

Our people don't know how badly they're being screwed and those that do rightfully know that there really isn't anything they can do about it short of taking some corporate heads hostage. But in order to do that, you need the people described in the paragraph above on your side.

And, well, good luck with that.

[kentuck]

12. How much more proof do we need?

of the damage these so-called conservatives have done to our economy and to our country?

Why can we not stand up and tell the people? Why must we continue this destructive death march?

[Supply Side Jesus]

13. let me think about it....

:D

[lfairban]

14. Let me clarify.

Supply-side economics and the current stimulus are two different things.

Supply-side economics postulated that giving tax cuts to the rich and corporations would cause capital accumulation that would stimulate the economy by creating businesses that would employ people whose taxes would compensate for the decline in revenue. It didn't work.

The stimulus on the other hand has as an objective to reduce unemployment, NOT the deficit. The objective is different, therefore they are not exactly comparable. The stimulus would be considered effective if they reduce unemployment even if they increase the deficit. In fact, the stimulus as proposed by the President and supported by the Democrats in congress would have only kept taxes at the lower rate for those making under a quarter million per year. That is an anti-supply-side strategy based on what is in all probability a valid point: that stimulus works better if the money goes to lower and middle income people.

Deficits do matter, but at this point addressing unemployment is more important. This is an argument that some feel is too subtle for the general electorate.

[kentuck]

15. In theory, you are correct...

In practice, perhaps something else?