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Kasz216 on 01 October 2012
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spaceguy said:
Kasz216 said:
spaceguy said:
Player1x3 said:
killerzX said:
Mr Khan said:
killerzX said:
Mr Khan said:
 

 

 

 




yep thats me. Do I have to say this again. SEX SELLS> they use these girls to sell a broken product. We have been doing supplyside economics for about 40 years. It doesn't work.

40 years would be 1972.

1971 was the year Richard Nixon said "I am now a Keynsian in Economics".   So your timeline is a bit off.  

The US didn'tbecome Supply side until Reagan became president due to the rise of Stagflation... which was considered impossible under Keynsian Economics.  So it's more like... 30 years.

After which... it worked pretty well actually, up until about 5 years ago, after the bursting of the real estate bubble due to banks having to find a way to offload a bunch of unfavorable loans. 

 

I don't see how demand side econmics would of actually prevented the realestate bubble, and was at least partially caused by demand side economics.  IE the pushing for an expansion in homeownership and the feds buying morgages through freddie and fannie.  (Though I know you don't see it as the main reason, I trust you realize it was at least a porton of the problem.)

Really!! Reagan borrowed more money then all the presidents before him combined( From washington - carter). thats right reagan put us in a massive whole and we have never got out, What a great way to run a economy. . You knew exactly what I meant by about, 40 years. It's actually been about 33!! HOLY SHIT.  So you take something out of context and then go on a rant about it? great way to debate.


7 years is quite a bit of leeway.  That's like 21% error... nearly a 4th... if you'd said 30 years.  That's a different story.

Not sure how that was a rant though.  It was a simple historical refresher.

Demand side economics lost out essentially because it was categorially disproven at the time, because something impossible happened.  It's like being mad that geocentricism got disproved because of stellar paralx.  Until you can account for it... I mean what do you want?

 

Though yeah... Reagan did run up a massive debt.  He was pretty Keynsian in that regard.  Had he cut back on military spending it would of been better but what can you do.

Every President since Herbet Hoover had a bit of Keynsian in him...

people won't blame you for doing something, they will however blame you for doing nothing... so poltiically it's better to spend money on... whatever in downturns.

Hell, look at Herbert Hoover... who was blamed as doing nothing even though he initatied the biggest increase in government spending and biggest stimulus spending operation ever.   Until the next guy.

Either way, my point was... I don't think anyone really had a big problem with the economy until the bubble.  Which, if you believe was due to the Banking Modernizations act, it would be most accurate to blame BOTH parties.  Since the bill was repealed by Clinton with a strong voter turnoutt from both parties, and backing from both parties leaders.