Comments on: The Perversion Of Supply-Side Economics http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/ Big Teeth. Huge Ass. Surprisingly Reasonable. Mon, 01 Dec 2008 17:33:52 +0000 http://wordpress.org/?v=2.6.5 By: sleipner http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-304426 sleipner Wed, 11 Apr 2007 17:58:46 +0000 http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-304426 Yeah, but the everyday middle class people aren't the ones who get 90% of the dollars from the tax cuts Republicans have been passing. Yeah, but the everyday middle class people aren’t the ones who get 90% of the dollars from the tax cuts Republicans have been passing.

]]> By: Jimmy the Dhimmi http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-302384 Jimmy the Dhimmi Mon, 09 Apr 2007 16:36:49 +0000 http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-302384 <blockquote>Not to mention a way to scratch the backs of those contributing to their campaigns.</blockquote> As well as the everyday middle class people who don't like paying taxes.

Not to mention a way to scratch the backs of those contributing to their campaigns.

As well as the everyday middle class people who don’t like paying taxes.

]]> By: ford4x4 http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-302382 ford4x4 Mon, 09 Apr 2007 16:30:45 +0000 http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-302382 Yes, let's kill the phrase "Supply-Side Economics". While we're at it, let's kill "Global War on Terror". and the point would be? Yes, let’s kill the phrase “Supply-Side Economics”. While we’re at it,
let’s kill “Global War on Terror”.

and the point would be?

]]> By: Elyas http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-301474 Elyas Mon, 09 Apr 2007 03:03:18 +0000 http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-301474 Tax cuts aren't even about stimulating the economy anymore for many politicians. They're a gimmick, a talking point used to win elections. Not to mention a way to scratch the backs of those contributing to their campaigns. Take a look at how the <a href="http://www.ablogistan.com/archives/2007/04/the_reality_of.html" rel="nofollow">current economic recovery</a> compares with others since WWII. This one has seen lower growth rates in GDP, employment, equipment investment, and residential investment. I'm sure you can guess the one economic growth area that has outpaced all others (and is significantly higher than in past recoveries): Corporate profits. Tax cuts aren’t even about stimulating the economy anymore for many politicians. They’re a gimmick, a talking point used to win elections. Not to mention a way to scratch the backs of those contributing to their campaigns.

Take a look at how the current economic recovery compares with others since WWII. This one has seen lower growth rates in GDP, employment, equipment investment, and residential investment. I’m sure you can guess the one economic growth area that has outpaced all others (and is significantly higher than in past recoveries): Corporate profits.

]]> By: DosPeros http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-301071 DosPeros Sun, 08 Apr 2007 13:38:11 +0000 http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-301071 Supply-side economics is now just "economics" - I point this out because your title to this post could be taken two different ways. <blockquote>Moreover, we were adamant that only permanent cuts in marginal tax rates would stimulate the economy. We thought that temporary tax cuts, tax rebates, tax credits and such were economically worthless, and we strongly opposed them. Today, hardly any economist believes what the Keynesians believed in the 1970s and most accept the basic ideas of supply-side economics â€â€? that incentives matter, that high tax rates are bad for growth, and that inflation is fundamentally a monetary phenomenon. Consequently, there is no longer any meaningful difference between supply-side economics and mainstream economics.</blockquote> Supply-side economics is now just “economics” - I point this out because your title to this post could be taken two different ways.

Moreover, we were adamant that only permanent cuts in marginal tax rates would stimulate the economy. We thought that temporary tax cuts, tax rebates, tax credits and such were economically worthless, and we strongly opposed them.

Today, hardly any economist believes what the Keynesians believed in the 1970s and most accept the basic ideas of supply-side economics � that incentives matter, that high tax rates are bad for growth, and that inflation is fundamentally a monetary phenomenon. Consequently, there is no longer any meaningful difference between supply-side economics and mainstream economics.

]]> By: Justin Gardner http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-300125 Justin Gardner Sat, 07 Apr 2007 06:01:42 +0000 http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-300125 I fixed the link. Sorry everybody. I fixed the link.

Sorry everybody.

]]> By: probligo http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-300097 probligo Sat, 07 Apr 2007 04:49:47 +0000 http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-300097 Works for me. Bruce Bartlett. Works for me.

Bruce Bartlett.

]]> By: DosPeros http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-300011 DosPeros Sat, 07 Apr 2007 01:24:33 +0000 http://donklephant.com/2007/04/06/the-perversion-of-supply-side-economics/#comment-300011 Your link isn't working for me -- who is the "supply-side" brain? Your link isn’t working for me — who is the “supply-side” brain?

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