How "Trickle-Down" Really Works

Discussion in 'Economics & Trade' started by Cigar, Nov 27, 2017.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    As asinine posts go, that was a "goodie"!

    The Federal Budget has not changed character fundamentally since the Vietnam War and Iraq only made it worse. Besides, the American voter saddled him with a Replicant HofR in 2010 that refused any changes in the budget throughout his administration. (Effectively castrating his administration. Now Donald Dork is trying to destroy what Obama succeeded in passing. Apparently Obama had somehow pissed him off.)

    And what did we get for both wars? Thousands of fellow Yanks dead and buried. Vietnam is still a communist state, and Iraq is still a shambles (due mostly to far lower oil-prices and nitwit leaders).

    The USofA has been in a political wilderness since Dubya hightailed himself back to Texas ...
     
    Last edited: Dec 9, 2017
  2. Robert

    Robert Banned Donor

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    I have to hand it to the poster for a much more asinine post.
     
  3. james M

    james M Well-Known Member

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    of course if Keynes BS spending worked the economy would have soared all along especially under FDR Obama. In fact, economy booms when you remove libcommie interference and spending not increase it. With capitalism all decisions are made for business efficiency, when govt interferes efficiency is distorted and reduced and you have tremendous waste. Do you understand?
     
  4. Longshot

    Longshot Well-Known Member

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    Like interference in the capitalist monetary and banking systems and replacing them with libcommie interference?
     
  5. Robert

    Robert Banned Donor

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    I feel like dealing with this now. I read it first and decided it was not a worthy topic.

    Study the Obama administration. That is an excellent example of trickle down economics. His slow dribble kept the economy from performing well.
     
  6. Robert

    Robert Banned Donor

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    You have to admit that it was Obama doing all of that. Every last bit of the dealing with them as you explain was done by Obama.
     
  7. Robert

    Robert Banned Donor

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    Bush never caused any of the problems. Want to learn who caused them?

     
  8. Robert

    Robert Banned Donor

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    Bush never caused any of the problems. Want to learn who caused them?

     
    Ndividual likes this.
  9. Ndividual

    Ndividual Well-Known Member

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    Wow!
     
  10. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    BullShat. Period.

    Moving right along ...
     
  11. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    You're reading of history is the thinnest of anyone on this forum.

    Obama was not handed the Great Recession instigated by Dubya-the-dunce's presidency?

    Right, and cows jump over the moon ...
     
    Last edited: Dec 13, 2017
  12. Robert

    Robert Banned Donor

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    I am in the field most impacted and have many times explained the crash. It was not related to a thing done by Bush.

    So it is not possible it was instigated by our 43 president. Obama was handed nothing. If he was in charge of the economy, why was the Bush solutions what pulled this country out of the fire?
     
  13. Robert

    Robert Banned Donor

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    Bush had no way to ruin the economy. Thanks for moving on.
     
  14. Robert

    Robert Banned Donor

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    Let's put the blame for the crash when Bush 43 was in office exactly where it belongs and get over the Democrats nonsense.

    Fannie Mae and Freddie have vast rule making powers. They decided the lending standards.

    For a lesson, get to your files. Look at the bottom of the forms. They tell you the forms were the creation of Fannie Mae plus Freddie Mac.

    So what could we front line lenders do about this? The content of the forms were the entire plan by the two agencies.

    Why do Democrats totally ignore they went bankrupt? Bush saved them. So how could Bush be the cause of the crash?

    Bush saved FNMA from going totally out of business. But they had so many bad loans on the books by that time, he essentially had to wait for them to fail in order to buy both of the agencies for the government.

    But like a major forest fire, the fire started when the Democrats kept refusing to get Fannie and Freddie under control. Congress could have prevented the crash. But Democrats did not want to do that.
     
  15. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    BUSH DUNNIT!

    From here: Great Recession in the United States

    Excerpt:
    A recession is not something that just "pops up overnight". It is not the least bit sudden and generally takes at least a six-months to a year to get-going.

    Dubya was most certainly PotUS up to and including December 2007, when the Dept. of Labor, based upon two-consecutive periods (3-months) of contracting GDP declared the recession.

    Do you realize that this is the Economics Forum? Do you know what the word "economics" means?
     
    Last edited: Dec 13, 2017
  16. Robert

    Robert Banned Donor

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    You are not on the inside. And you wanted this to be not economics, but politics and the purpose was to try to make Democrats look great while you tried to brand Republicans as lousy.

    It is possible for you to fool a few. But not me.

    Being POTUS does not mean you run the economy. Maybe you have heard of the Federal Reserve.

    POTUS is confined to issuing orders directed at the workings of Government. Economics is far more reaching than the Federal government.

    I told you how it works.

    We really amount to several components. We the lenders do the paperwork. We are told what to do. So who tells us? Then the WE the appraisers also follow F/F rules on appraisals which impact on trust in the loans. Underwriters examine all documents and if they find things not in order, tell others who did earlier work, fix the problems or the loan is rejected.

    Prior to crash, we got told in writing by FNMA and Freddie MAC. How can you blame Bush for poor loans when the loans standards came from those two agencies?

    Haven't Democrats often claimed the recession was very very short lived? They do it to try to make it seem Obama fixed things. But he lacked means to fix the economy.
    Major events handled by Bush.
    1. Saved the auto industry
    2. Forced banks to accept vast sums of cash to prevent bank runs.
    3, Purchased both GSE known as Freddie and Fannie.

    You may thank Bush about this moment.
     
  17. Reiver

    Reiver Well-Known Member

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    This isn't an economic response. This is rant. Can you refer to one paper that rejects Keynes' output? Just one. Then, following that, can you reject the supplementary economic analysis into issues such as hysteresis in unemployment (where demand management is crucial to avoid destruction of human capital)?
     
  18. james M

    james M Well-Known Member

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    you mean because FDR and Obama spent like crazy and it produced the worst ecomomies in American history.
     
  19. Reiver

    Reiver Well-Known Member

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    Again with your deliberate misquoting. Here is the little request again:

    Can you refer to one paper that rejects Keynes' output? Just one. Then, following that, can you reject the supplementary economic analysis into issues such as hysteresis in unemployment (where demand management is crucial to avoid destruction of human capital)?
     
  20. james M

    james M Well-Known Member

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    yes and he did nothing about the 132 liberal programs to get people into homes the Republican free market said they could not afford. When recession started Fan/Fred owned or guaranteed 75% of the Alt A and subprime mortgages.
     
  21. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    So you mean democrats were wrong all along before the coined the retarded phrase and are now stuck with it?
     
  22. james M

    james M Well-Known Member

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    Friedman rejected output gap BS saying recession was caused by govt interference and cured by removal of such interference. Always remember a recession is the time it takes the free market to recover from libcommie interference in the the free market.
     
  23. Reiver

    Reiver Well-Known Member

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    Basic error. Friedman only rejected neo-Keynesian application of the Phillips Curve. Neither IS/LM or Phillips has anything to do with Keynes.

    I also note that you continue to misquote as I also asked you drill down in Keynesian analysis: Can you reject the supplementary economic analysis into issues such as hysteresis in unemployment (where demand management is crucial to avoid destruction of human capital)?
     
  24. james M

    james M Well-Known Member

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    wrong Friedman rejected entire notion that libcommie govt could effectively control demand.
     
  25. james M

    james M Well-Known Member

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    obviously the best way to avoid unemployment is let Republican free market create real employment asap. Creating make work or artificial Keynesian employment only makes situation worse as FDR taught us.
     

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