You Lie
Why did the MIC scream like in the past couple months about the "millions" of MIC jobs to be lost with the "fiscal cliff"?
WTF?
"That means increase in government spending crowds out investment spending"
With corps sitting on $2T in cash, they simply aren't investing.
if Fed cuts MIC spending by 10%, then you are saying private investment will make up the 10% loss in Fed spending?
That's like Bishop Gecko saying private investors should have been allowed to take over GM/Chrysler instead of Barry, but THERE WERE NO PRIVATE INVESTORS.
That's actually not what is being said, but you're an idiot who likes to cherry pick for your own purposes that just provided a par for the course response.WTF?
"That means increase in government spending crowds out investment spending"
With corps sitting on $2T in cash, they simply aren't investing.
if Fed cuts MIC spending by 10%, then you are saying private investment will make up the 10% loss in Fed spending?
That's like Bishop Gecko saying private investors should have been allowed to take over GM/Chrysler instead of Barry, but THERE WERE NO PRIVATE INVESTORS.
you give a link to the effect of govt investment crowding out private investment. So I say that's not what the case is the MIC whining about being hit with the fiscal cliff reduction.
"The MIC" doesn't know about macroeconomics, either.
They don't have to. They certainly know that losing $10Bs to the "fiscal cliff" cuts means they will kill Ms of jobs (to preserve executive pay heavily weighted towards profits and stock price)
http://www.economist.com/blogs/democ...conomy_and_vat
http://economistsview.typepad.com/ec...can-party.html
Interesting.
Neat. Yet again, thanks.IT'S difficult to classify Bruce Bartlett politically. He has worked on the staffs of Congressmen Ron Paul and Jack Kemp and Senator Roger Jepsen. He was senior policy analyst in the Reagan White House; and deputy assistant secretary for economic policy at the Treasury Department during the first Bush administration. But he has also written a book led, "Impostor: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy". So you could say that Mr Bartlett's loyalties are economic, not partisan. Currently Mr Bartlett is a columnist for the Fiscal Times, an online newspaper covering the economy, and he blogs at Capital Gains and Games. He has also written several books, the latest of which is "The New American Economy: The Failure of Reaganomics and a New Way Forward". We recently asked him some questions about the economy, the deficit, and the chance that America will one day have a VAT.
Will that be on the test?Will you have me teach an entire semester on econometrics on this forum while I'm at it?
Sheesh!
Test? I'm so screwed.
TBTest? I'm so screwed.You FINALLY got something right.
No looking on my paper, bot!
still isn't coming:
https://psmag.com/the-imf-confirms-t...69b#.jgre4htgcIncreasing the income share to the bottom 20 percent of citizens by a mere one percent results in a 0.38 percentage point jump in GDP growth. By contrast, increasing the income share of the top 20 percent of citizens yields a decline in GDP growth by 0.08 percentage points.
https://www.imf.org/external/pubs/ft...15/sdn1513.pdf
Theology of the Right Wing: tax cuts for the political donor class above all else.
Trickle down is a 40 year lie, proven to be so for decades.
Americans are ing stupid to keep falling for it.
coming up quickly.
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