The Economy

[afmo]

Originally Posted by Etta Place

Historically, the mulitiplier effect for stimulating the economy through spending is greater than that of lowering taxes.

proof?

[XDConvert9mm]

Originally Posted by Etta Place

Historically, the mulitiplier effect for stimulating the economy through spending is greater than that of lowering taxes.

Ever hear of the Laffer Curve? This relates to Tax Revenue for Govt. but is based on increased tax revenue due to increased Economic activity. It shoots big holes in your statement.

[AZXD]

Never forget these words, and NEVER forget to share these words.



"Alarming, Disaster, Crisis" ... The rally cry of doing something NOW was a LIE

With all these LIES, thus far less than 15% of the $768 Billion dollars has been spent.




The Unite or Die Project

[Etta Place]

Originally Posted by AZXD

Never forget these words, and NEVER forget to share these words.
"Alarming, Disaster, Crisis" ... The rally cry of doing something NOW was a LIE

With all these LIES, thus far less than 15% of the $768 Billion dollars has been spent.
The Unite or Die Project

The economy was on life support when Obama took over.

[XDConvert9mm]

Originally Posted by Etta Place

The economy was on life support when Obama took over.

Do you administer cyanide in the form of additional debt to the tune of 3x plus all other previous administrations combined to help the patient?

Blame Bush! Blame Bush!

Barry owns this Economy now, it's all on him.

[AZXD]

Originally Posted by Etta Place

The economy was on life support when Obama took over.

And 2 minutes is not a long enough period of time to listen to either video ... Start with video 2, it's pretty good, but given your previous statements about economics, it might be tough to understand.

[Etta Place]

Originally Posted by afmo

proof?

Well, I'll start with Wiki, but there are other sources:

In congressional testimony given in July 2008, Mark Zandi, chief economist for Moody's Economy.com, provided estimates of the one year multiplier effect for several fiscal policy options. The multipliers showed that increased government spending would have more of a multiplier effect than tax cuts. The most effective policy, a temporary increase in food stamps, had an estimated multiplier of 1.73. Making the Bush tax cuts permanent, had the second lowest multiplier, 0.23. A payroll tax holiday had the largest multiplier for tax cuts, 1.29. Refundable lump-sum tax rebates, the policy used in the Economic Stimulus Act of 2008, had the second largest multiplier for a tax cut, 1.26.[2]

Fiscal multiplier - Wikipedia, the free encyclopedia

[XDConvert9mm]

Originally Posted by XDConvert9mm

Ever hear of the Laffer Curve? This relates to Tax Revenue for Govt. but is based on increased tax revenue due to increased Economic activity. It shoots big holes in your statement.

Originally Posted by Etta Place

Well, I'll start with Wiki, but there are other sources:





Fiscal multiplier - Wikipedia, the free encyclopedia

I think we have an example here of your "blowing off posts" in order to call an argument won. What are your thoughts on this?

[Etta Place]

Originally Posted by AZXD

And 2 minutes is not a long enough period of time to listen to either video ... Start with video 2, it's pretty good, but given your previous statements about economics, it might be tough to understand.

I don't think propaganda videos with scary music and scary voices are trustworthy.

[Etta Place]

Originally Posted by XDConvert9mm

I think we have an example here of your "blowing off posts" in order to call an argument won. What are your thoughts on this?

I was responding to afmo! Are you blind?

And, who's to say that Arthur Laffer is right about anything?