Do we need more supply-side stimulus or demand-side stimulus?

[phantom power]

Poll question: Do we need more supply-side stimulus or demand-side stimulus?

A Tax cut for business, for example, is a supply-side policy.
A jobs program, or tax-cuts for lower-to-middle classes, are examples of demand-side stimulus.

[Trajan]

1. This must be a trick thread ....

Do we want a soothing caress or a backhand across the face ?

I want the backhand - Who's with me !

[Fumesucker]

2. Meh, it's not what we _need_ it's what we're going to be allowed to have..

The powers that be have no intention of allowing a major demand side stimulus, that would be soshulism and everyone knows that soshulism is bad.. Unless of course it's soshulism for the already wealthy in which case it's fucking awesome.

[Wounded Bear]

3. We've been stroking the supply side for 30 years....

Let's try something else. :shrug:

[kentuck]

4. I just read a quote about FDR's philosophy

" What was Roosevelt's underlying philosophy?

1. Keynesian or "pump priming" economics. Based on the beliefs of economist John Maynard Keynes it held that money should be invested in the people, the working class. Then spending would increase with new money in circulation. As spending increased it was expected that businesses would expand to meet the new demand and hire new workers. This would spur on more spending and more growth. This plan was the opposite of the Republican plan ascribed to by Hoover and earlier leaders. They had believed in supply side or "trickle down" economics. In this philosophy money was to be invested
at top, in business. Then businesses would expand, hire new workers and this in turn would spur on spending and further economic growth."

http://www.socialstudieshelp.com/Lesson_85_Notes.htm

[Jim Sagle]

5. Simple choice indeed - recirculation vs. stagnation.

[billlll]

6. loot... what DO the rich do when u give them loot?

Seek good data on where tax cut for rich

Loot actually ends up.

Gold bars in Swiss banks

Diamond necklasses

Gold foil on ice cream (not a joke)

Where?

[Jim Sagle]

7. Exactly. Money fed to the top stays there providing no benefit.

Money fed to the bottom gets spent and benefits the economy.

We used to admit this simple truth, now it's forbidden.

[mmonk]

8. We already have the Bush tax cuts.

Is the economy booming? Did we have the Bush tax cuts in place when the economy tanked? Of course we did. Common sense and reality says it's a demand issue. However, the supply side tax cut cult is a strong zombie economics position here in America. It's called doing the same thing over and over expecting a different outcome.

[kentuck]

10. Right on!

They were told it didn't work under Hoover but they were not convinced. They had to try it again. They believed it was FDR that caused the Great Depression, not Herbert Hoover.

So for the last 30 years, we have tried their golden supply-side experiment again. With all its bells and whistles, and with the total lack of regulations, it failed again. Eerily, it was almost identical to the crash of 1929. Except this time, we may have been able to change the course. But they must have thought the same thing 22 months into FDR's first term, late in 1934.

[leftstreet]

9. Issue every American a check for $50k

That'd be a start

[lib2DaBone]

11. 13,000 American Corportions use the same mailbox in the Caymans as a home office...

They pay no taxes.. they build no factories.. they contribute nothing to the USA.

OF COURSE they want tax cuts for the wealthy.. OF COURSE they want to make cheap crap in China for 50 cents-an-hour and ship it to the U.S.

OF COURSE our elected leaders in Washington ALLOW them to get away with this! Because American workers are not fed up enough to demand a stop to this madness.

People in hell want ice water.. We've got to say , "NO MORE".

[OhioChick]

14. +1 n/t

[DailyGrind51]

12. What good is "supply", if you have no "demand"?

[phantom power]

13. none whatsoever