I’ve got 50 bucks that says Republicans are full of shit… any takers?
Today “economist” Art Laffer is all over the wingnutverse calling the contraction in the U.S. economy “catastrophic” and predicted that it would continue to shrink without “spending restraints and lower business tax rates.”
Are you fucking kidding me? People are listening to this nut?
This is the thing. I’m pretty sick of Republicans spouting economic bullshit and being taken seriously. Again today, the clownish head of the DE GOP, for example, said the path to economic growth is, “…keeping regulation and taxes low.” Really? When has that actually worked?
He also brazenly asserts that the utterly failed trickle down policies “of small government and low regulation” are “tried and true” ways to grow the economy. To that I say – enough already with the bullshit. Where is the evidence?
The fact is – Republicans like Sigler and Laffer are full of shit. The GOP’s economic policies are entirely faith-based, and I am at zero risk of losing my $50.00. But here is the official bet in case any wingnut wants to try and man up:
If anyone can present any evidence that the “tried and true policies of small government and low regulation” actually created any broad based, long term, durable economic growth …ever – I will give the person providing the evidence a crisp new $50.00 bill.
This bet is open to any GOPer who believes the nonsense at the heart of your philosophy, and any Democratic officer holder who has succumbed to the siren song of this absolute, totally discredited bullshit.
I bet this will be a lonely, linkless thread. 🙂
Yep. “Crickets Chirping in the Distance” is going to be the theme song.
Maybe Mittens will see this post. He’s got 10 grand from a bet he took off the table last summer.
You could clean up.
Your $50 is worthless, Jason. Just ask mynym. He/she’ll tell you all about how the “banksters” have destroyed U.S. currency.
mynym will also tell you about his/her Bigfoot, Yeti & Loch Ness Monster sightings.
The Republicans playing political games over the budget ceiling caused many to be cautious. Look for a real strong first quarter.
The reason the economy shrank in the last quarter was not because consumer spending went up which it did or housing prices rose which they did or that the manufacturing increased which it did but Government spending decreased by 15%. Once again Jason is correct my hat off to him.
Your $50 is worthless, Jason. Just ask m***m.
Do NOT say his name three times in a thread.
Interesting to note Laffer has more than a few supply side disciples in the University of Delaware’s economics department, pathetic but true. I knew we were in for trouble when Laffer resurfaced when Bush II was elected, true to course a barrage of tax cuts for the rich became law and exploded the deficit in the grand tradition of the Gipper. As for “lower business tax rates’ I assume that refers to businesses that actually pay taxes since many seem to pay nothing in the real world.
Who is interred in Grant’s tomb?
George Bush starts off the first month of his fourth term with another disastrous unemployment report. 7.9%. It is almost like George Bush turned into a Socialist
It’s not disastrous for corporations and the 1%. They are doing better than ever. Rusty does have a point that for the last 4 years, the Bush tax cuts were still in effect.
No wingnuts want my $50.00. I guess that’s a sign that the economy is improving.