California Republicans claim all economists support Reaganomics

[hfojvt]

"Assemblyman Chuck DeVore of Irvine said the tax increase will further harm the depressed economy.

"We will be right back here in one year with the same problem," he said during the floor debate. "No economist argues increasing taxes especially during weak economic times is going to result in people adding payroll, in people getting back to work ... The opposite will happen."

Newly installed Senate Minority Leader Dennis Hollingsworth warned about the crippling effects of passing the state's largest tax increase in California history."

http://news.yahoo.com/s/ap/20090219/ap_on_bi_ge/california_budget

No economist argues for increasing taxes during a recession.

At least if you don't count Nobel winner Joseph Stiglitz (and 120 others)

"Some state-level policymakers contend that the weakness of the economy means that a state should rely solely on cutting spending, rather than raising taxes. But this one-dimensional approach is not based on sound economics.

Two highly regarded economists — Nobel Prize winner Joseph Stiglitz of Columbia University, and Peter Orszag, until recently director of the Congressional Budget Office and now the nominee to direct the federal Office of Management and Budget — wrote during the last recession that spending cuts could actually be more harmful for a state’s economy during a recession than tax increases. This assertion still holds true; Stiglitz recently reiterated the point in a letter (co-signed by 120 other economists) to New York’s governor David Paterson."

full article at http://www.cbpp.org/1-8-08sfp.htm

Not that I am cheering every tax increase. The article on California did not say which taxes were raised - progressive ones or regressive ones, but Republican lawmakers are so committed to voodoo economics, which has been shown to be a failure.

[BOSSHOG]

1. "Deficits don't matter, reagan proved it." dickhead cheney

[Turbineguy]

2. At least this way

they will not be back next year at all.

[tjwash]

3. Don't hold yer breath on that one

The OC, the inland empire, the imperial county deserts, as well as the valley all the way to San Fran is deep deep red.

Those areas prove that there are really 2 types of repugs...those that have everything and want to damn sure keep it that way, and those that don't have anything and love to blame liberals and minorities for it.

[KamaAina]

4. It's true.

Anyone who doesn't support Reaganomics isn't really an economist.

See? Logic is easy when you do it the repuke way! :sarcasm:

[hfojvt]

6. it's the no true economist fallacy

Unfortunately, you can probably hire an economist to say anything you pay him to say. There are economists working at the Heritage Foundation. I bet they do write off the CBPP as "liberal economists".

[Winterblues]

5. Exactly the same thing they said in 1993 over Clinton's first Budget

Every single Republican stood in Lock-Step back then just as now and said Identical the same thing. They said Clinton was trying to pass the largest Tax Increase in History and that it would bankrupt America. The Budget did pass along Party lines and America went on to experience the "Greatest Economic Expansion in History". Why are these people given any platform to spout their garbage when they have been proved time and time again to be completely wrong?

[hfojvt]

7. important to remember that because the media usually won't.

We also rarely say "I told you so" when we argue against tax cuts and then later face budget cuts that we predicted would result from the tax cuts.