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Thread: Donald Trump keeps moving the goal post for economic growth

  1. #31
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by metheron View Post
    I would agree that in and of itself, it does not produce growth. However, it does put more money into pockets which could increase demand, if the confidence to spend is there. If people have more money, confidence is high, there is a favorable corporate environment and a government that doesn't penalize success, increased wages due to less low-cost workers, more favorable trade agreements, etc......I can definitely see growth.

    But you are right, I agree that the simple act of lowering taxes will not provide much growth.
    Lowering taxes might actually UNDERMINE confidence, if people become convinced that doing so will cause the budget deficit and the national debt to EXPLODE. But, hey, it might take a few years for Americans to wake up and understand that there is no free lunch from cutting taxes.

  2. #32
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    ???? Bush had Growth. Bush warned of a Mortgage Crisis, Toothless Democrats screamed from the floors of Congress "THETH ISTH NO CRISITH"

    Maxine Waters said "Bush just does not want black people to own a home"

    Well Bush was Right. the Crash was another Example of Democrat incompetence.
    Wow, you've had these idiotic claims rebutted, refuted, repudiated, and refudiated so many times it OUGHT to make your head spin. George W. Bush was the NUMBER ONE CHEERLEADER for the Great American Housing Bubble of the 2000's, and even BRAGGED about it, in SEVERAL of his State-of-the-Union speeches.

    Sheesh. WTF?!????

  3. #33
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by OldGaffer View Post
    Bullshit, Republicans controlled both the House and the Senate for 6 of Bush's 8 years.
    And not only that! They also had lifelong Republican Alan Greenspam in charge at the Fed, and THAT guy was actually ENCOURAGING people to take out those highly risky adjustable-rate mortgage (ARM) loans that were then BLOWING UP on them just a few years down the road. And the SEC, and the Supreme Court, and......

    Look: Republicans had COMPLETE and TOTAL control of the government while the housing bubble grew bigger and BIGGER and BIGGER. They could have stopped it, if they wanted to.

    They didn't WANT to.

  4. #34
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Sigh. Fannie Mae and Freddie Mac had almost NOTHING to do with the housing bubble and subsequent collapse. And you've had this EXPLAINED to you at LEAST a half-dozen times.

    I bet you cannot even NAME the person who alerted the country to the accounting irregularities at Fannie and Freddie in the EARLY 2000's. And he says you're full of SHIT.

  5. #35
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Bourne View Post
    Fuhrer Trump is the single biggest liar that this country has seen since Nixon.

    Regards,

    Bourne
    Except that Donald Trump is probably an even WORSE liar than Nixon. What we have heard from Donald Trump over the last year-and-a-half is one WHOPPER after another after another.......

  6. #36
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by OldGaffer View Post
    Greenspan is not a Democrat, never has been, never will be. He is a follower of Milton Friedman, you might of heard of Friedman, right? No? The father of "trickle down"? The master of supply side economics? The guru of Paul Ryan?

    Forbes Welcome
    Alan Greenspam was a devotee of Ayn Rand, who was far WORSE than Milton Friedman. I'm not a big admirer of Milton Friedman, but he DID actually contribute to some significant advances in scientific economics, such as a much better understanding of the relationship between unemployment and inflation; he won a Nobel Prize in economics for that. Ayn Rand, in sharp contrast, was nothing more than a fifth-rate philosopher......

  7. #37
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Puzzling Evidence View Post
    Guys, deregulation occurred when lobbyist for financial institutions spent record amounts of money to convince Bill Clinton AND House Republicans to deregulate.

    It had bi-partisan support -- quit trying to blame the other side.
    Are you talking about the repeal of Glass-Steagall? The Gramm/Leach/Bliley Act?

    Gramm, Leach, and Bliley are ALL Republicans; and the vast majority of the Congressmen who voted AGAINST repeal were Democrats.....

  8. #38
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by excalibur View Post
    Minimum wage will not increase the economy.

    Øbama is the first POTUS to not have real growth of 3%.
    For reasons which economists WELL understand, and which have NOTHING to do with Obama. Sorry.

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