TheRealMafoo said:
You know what INSTANTLY raises GDP? Lower taxes for the rich. No economist will disagree with that. |
I'm no economist... but apperantly you know even less than me.
Higher GDP doesn't necessarily mean a better country. Look at last quarter, 2.8% growth... not too shabby... why isn't anybody celebrating?
Higher tax revenues aren't always good either, that probably means they'll spend more. You can actually have too much government demand, like now, which is very lopsided and unnatural. It doesn't creat much employment or capital investment.
Next, when rich have more money to spend they don't buy more, they tend to buy substitute products and make financial investments (which don't contribute to GDP).
66% of Economists are Economists for Obama
This is according to a new survey of 523 economists who are U.S. citizens and members of the American Economic Association.
Top Economists Overwhelmingly Favor Obama Plan: 80% Say He Has Better Grasp of Economics
“Obama’s team is mainstream and non-ideological but extremely talented.”
"Even among Republicans Mr Obama has the edge: 46% versus 23% say Mr Obama has the better grasp of the subject."
Mr Obama, says Jonathan Parker, a non-aligned professor at Northwestern’s Kellogg School of Management, “is a pragmatist not an ideologue. I expect Clintonian economic policies.”
"Twice as many economists think Mr McCain’s plan would be bad or very bad for long-run growth as Mr Obama’s. Given how much focus Mr McCain has put on his plan’s benefits for growth, this last is quite a repudiation."
Liberal's not a dirty word any more. :)
I would cite regulation, but I know you will simply ignore it.
