ProudKangaroo wrote Yesterday at 11:22am:


If only the American people were warned.

.

In a nutshell, free-market capitalism is a ‘living system”[iii] within which entrepreneurs, innovators, and businesses jostle to develop and produce goods and services that they believe they will be able to sell at a profit. The market tells them starkly if they are right or wrong. The penalty for failure is steep enough that collectively, on the whole, there is a preponderance of good decisions, which brings the pattern of production and demand into rough alignment. Any serious misalignment can result in a recession, which the market will correct if left alone. Keynesian interference simply prolongs the required adjustments. So how can governments help to reduce the possibility of any serious misalignment and to correct the situation if it occurs? Two ways.

First, they can lessen regulatory burdens in order to allow entrepreneurs, innovators and businesses to make adjustments in the minimum of time at the minimum of cost. Second, they can reduce the financial burden imposed on producers (i.e., taxes) which hinders their ability to source affordable financial capital. This, you will agree, is not hard to understand. Fewer regulations and less tax tend to promote prosperity by facilitating business development. President Reagan had this view, as does President Trump. Economics qualifications not required, only common sense.

Achap I know cited the Brookings Institute and Forbes magazine. Apparently, they both found that no economic benefits flowed from Trump’s large corporate tax cuts in 2017. Now I haven’t looked into these findings. One has only so much time to chase every anti-Trump finding down its DTS burrow. I simply went to some official published data.

According to the Federal Reserve Bank of St Louis, real GDP per capita in America rose by an annual average 1.2% between Q4 2009 and Q4 2016 under President Obama. Under President Trump it rose by 1.6% between Q4 2017 and Q4 2018 and by a whopping 2.8% between Q4 2018 and Q4 2019 — before the Covid clown show hit. The black unemployment rate reached its lowest on record. Female unemployment reached its lowest rate since the early 1950s.

Now it is very difficult to untangle cause and effect in large complex systems; and the economy is certainly one of those. However, the data points to an economic upsurge after cuts to regulations and taxes. It is reasonable to think that the two are connected. Just imagine, fewer regulations and less tax benefit private enterprise. I suppose you might finagle artfully to find otherwise; provided, that is, that rascally Trump is the economics architect.

So you're just fingers in your ears yelling "LA LA LA LA LA"?

In a nutshell, free-market capitalism is a living system.
Same as wild animals anywhere, the biggest baddest meanest one eats all the others.

If you want a system better than the rich getting richer and the poor being homeless, try a different system.

So you've posted some information that was proven to be wrong, you repost it and then keep on ignoring your mistake?

How MAGA.of you Frank.

ProudKangaroo wrote Yesterday at 9:26pm:


He's playing the BIG LIE. It's a well worn old boy tactic. Lie, rinse and repeat.

If you call him out on it, he calls you a liar. That's called LIAR LIAR. He then plays BUTTHURT VICTIM, saying how unfair you are for being intolerant of his alternative views.

Another trick is Vinnie Barbarino. That's where he plays dumb - what? Where? He plays this one right after you've proven him wrong, usually after he's posted a couple of meltdowns to cover his tracks.

Tendentious, mendacious, so unfair, what and where. Remember the strategy, Sad. You'll see it time and time again.