N O T !!!!
http://mises.org/freemarket_detail.aspx?control=488
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http://mises.org/daily/4585quote:In sum, it would be very difficult to argue against the proposition that the US economy today is even more heavily controlled, regulated, and regimented by the state than Germany was at the time Hayek wrote The Road to Serfdom. Americans have travelled many miles down the road to serfdom by deluding themselves that the god of democracy will somehow save them from statist slavery. But as Hayek warned 56 years ago, "There is no justification for the belief that, so long as power is conferred by democratic procedure, it cannot be arbitrary…"
The exercise of arbitrary or dictatorial power is, of course, the whole purpose and function of all those agencies, commissions, and czars.
quote:The left will continue to demonize Reagan for being the best President ever. Probably a bad case of jealously. They don’t have anyone that comes close.
quote:Originally posted by dolemitejb:quote:The left will continue to demonize Reagan for being the best President ever. Probably a bad case of jealously. They don’t have anyone that comes close.
I'm not a Democrat, nor did I vote for Obama, and that statement is ridiculous. Reagan was not even close to being the best ever. Clinton was better than Reagan. Reagan wasn't even very good in fact.
quote:Originally posted by Jobe:quote:Originally posted by dolemitejb:quote:The left will continue to demonize Reagan for being the best President ever. Probably a bad case of jealously. They don’t have anyone that comes close.
I'm not a Democrat, nor did I vote for Obama, and that statement is ridiculous. Reagan was not even close to being the best ever. Clinton was better than Reagan. Reagan wasn't even very good in fact.
You made the ridiculous statement. Clinton was a school boy buffoon. The Republicans made Clinton look good when they forced him to have a balanced budget. The dot com industry boom didn’t hurt Clinton either. There’re never be another great President like Reagan. I would take Clinton (either one) over this clueless joker we now have though.
quote:Regardless of your political entrenchment, just which theory sounds to YOU like it would be more likely to work ? Just think for one minute !
quote:Originally posted by elinterventor01:
Reagan stated his misgivings about the spending binge. I suspect he believed ending the USSR was of supreme importance.
quote:Originally posted by seeweed:
Reaganomics , aka voodoo economics, is the false idea of supply side economics, not his success or failure in spending or whatever,
Reagan believed that if you give enough money in tax breaks , grants, or whatever to rich people and corporations, they would just produce more jobs and all would be well in the world.
So, take for example , Budweiser.
Reaganomics says that if you give enough tax breaks to Budweiser, they will make more beer, and build more breweries and hire more people to make more beer. Trickle down economics.
On the other hand, there is "trickle UP economics". Give the tax breaks to the middle class working man. He will have more spendable cash and will go out and buy more beer. The increase in demand will cause Budweiser to build more plants to make more beer, and hire more people.
Regardless of your political entrenchment, just which theory sounds to YOU like it would be more likely to work ? Just think for one minute !
quote:Trickle down economics was finally proven to be a failure by Bush2 who embraced the notion, and so, here we are now, trying to climb out of almost another Great Depression.
Why don't we try what works ? The tax structure we had in the Clinton admin was shown to work, as once it was instituted with Al Gore having to break the tie in the Senate, our economy soared to be the greatest economic expansion in my lifetime and possibly in the history of this country.
quote:President Reagan signed tax cuts into law that stimulated a doubling in total tax revenues (from five hundred billion to one trillion dollars)during the period from 1980 to 1990.
quote:Don Lambro of the Washington Times credits the Reagan tax cuts with the surpluses of the 1990s.
quote:Originally posted by seeweed:
Trickle down economics was finally proven to be a failure by Bush2 who embraced the notion, and so, here we are now, trying to climb out of almost another Great Depression.
Why don't we try what works ? The tax structure we had in the Clinton admin was shown to work, as once it was instituted with Al Gore having to break the tie in the Senate, our economy soared to be the greatest economic expansion in my lifetime and possibly in the history of this country.
Bush came in and decided to fix something that wasn't broken and like I said above, here we are.