tag:blogger.com,1999:blog-9159940891304769746.post2647635060417201997..comments2023-10-15T05:50:08.034-07:00Comments on Liberty Forum of Fordham University: The Failing MessiahLiberty Forum of Fordham Universityhttp://www.blogger.com/profile/08550496415350992807noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-9159940891304769746.post-74282250516476963342009-03-21T14:40:00.000-07:002009-03-21T14:40:00.000-07:00you can't spell messiah without messyou can't spell messiah without messJohnhttps://www.blogger.com/profile/12422529580285553133noreply@blogger.comtag:blogger.com,1999:blog-9159940891304769746.post-9971725898706407602009-03-09T13:39:00.000-07:002009-03-09T13:39:00.000-07:00Msebi, I agree that in the short-term, tax cuts to...Msebi, I agree that in the short-term, tax cuts to persons of all income-levels have a stimulating effect on the economy. But you seem to believe that only income tax cuts to poor people have a stimulating effect. I would love to know why?<BR/><BR/>You seem to believe that only a poor person is likely to either spend or invest tax cut dollars thus providing the banks with liquidity, so I ask you what do rich people do with tax cuts? Stuff them under their mattress?<BR/><BR/>Also, this post did not criticize the President's stimulus package and in fact makes no mention of it. The central idea of this post is that Wall Street is not responding to the President's rhetoric because he has yet to offer investors with a sound economic plan that will provide them with betterment.Philhttps://www.blogger.com/profile/08147158961076788618noreply@blogger.comtag:blogger.com,1999:blog-9159940891304769746.post-4926151746603466342009-03-09T06:10:00.000-07:002009-03-09T06:10:00.000-07:00Reaganomics has not failed. It has not been practi...Reaganomics has not failed. It has not been practiced since Reagan. Ronald Reagan did not just cut taxes, he engaged in wholesale tax reform. George Bush cut taxes without reforming the system, leading to massive deficits.<BR/><BR/>Also, this is whole mess occurred precisely because of a policy of both Clinton and Bush that FORCED banks to lend to people who could not afford it. Reaganomics has nothing to do with it.<BR/><BR/>Reaganomics was essentially orthodox economics. What people generally do not realize is that tax cuts are stimulus and generally temporary. Reagan pushed through tax cuts and deregulation in 1981, only to raise taxes as the economy began to grow. This allows for money to be available for yet another tax cut when the next recession occurs.<BR/><BR/>People who received redistributed income are putting in the banks which is only helping marginally. The savings rate would be increasing no matter what as the United States adjusts from a country that spends and consumes to one that saves and produces, and China does the reverse.<BR/><BR/>Moral of the story, relatively low taxes are good but taxes should be gradually increased during periods of economic growth to take excess liquidity out of the economy and allow for stimulus (in the form of new tax cuts) to be implemented when recession is imminent. That is Reaganomics.DSKohnhttps://www.blogger.com/profile/07072863380215352519noreply@blogger.comtag:blogger.com,1999:blog-9159940891304769746.post-91445380174971292812009-02-25T01:32:00.000-08:002009-02-25T01:32:00.000-08:00Absolutely. False.Stimulus Package = trickle down...Absolutely. False.<BR/><BR/>Stimulus Package = trickle down economics. face it, reaganomics failed. miserably. so when you start giving money to the poor, don't get your panties in a bunch; those poor people are more likely to either spend said stimulus money, thus, well, stimulating the economy, or they will invest it, thereby giving banks the liquidity they need to get rid of said bad debt. so either way you spin it, stimulus packages work.Anonymoushttps://www.blogger.com/profile/03572188825440066672noreply@blogger.comtag:blogger.com,1999:blog-9159940891304769746.post-22086070457787903822009-02-24T10:24:00.000-08:002009-02-24T10:24:00.000-08:00Excellent commentary on what is broken with our ec...Excellent commentary on what is broken with our economy. We must continue to spread this message to combat the liberal mainstream media and progressive socialists from serving up more KoolAid to the American public!ConstantConservativehttps://www.blogger.com/profile/04162015340155739802noreply@blogger.comtag:blogger.com,1999:blog-9159940891304769746.post-61154196526185086102009-02-24T10:00:00.000-08:002009-02-24T10:00:00.000-08:00The outright worship of Obama was one of the most ...The outright worship of Obama was one of the most frightening things I have ever witnessed.<BR/><BR/>If anyone out there believes Obama, the angel with dirty wings is anything other than a symptom of legalized corruption in its extreme, I have a used nation to sell you.DSKohnhttps://www.blogger.com/profile/07072863380215352519noreply@blogger.com