Re: Why?

Post #326,615 by Rdan 5/20/10 10:09:26 PM Reply	Re: Why? Thanks for the re-post. When addressing the narrative that is used in politics and media...tax cuts correlate with growth...the weight of the evidence in 82 years of data is definitively negative correlation, and thereby discredits the narrative. The narrative involves growth of gdp, not revenue ups and downs. One can slice and dice a million ways (Congressional party, lags of different lengths, etc.) and it mcomes out the same. Standard definitions of recession is used. It is not causation either. But the political narrative is garbage economics.
Post #326,617 by Another Scott 5/20/10 10:16:43 PM Reply	Welcome. Stick around if you can - we like new perspectives
Post #326,645 by boxley 5/21/10 9:48:48 AM Reply	hey cool, new blood. Feel free to hang out
Post #326,699 by Another Scott 5/22/10 1:17:15 PM Reply	Krugman offers support for your thesis today. http://krugman.blogs...-the-memory-hole/ HereÂs a rough-cut version. The blue line, left scale, shows median family income in 2008 dollars; the red line, right scale, shows the top marginal tax rate, a rough indicator of the overall stance of policy. Basically, US postwar economic history falls into two parts: an era of high taxes on the rich and extensive regulation, during which living standards experienced extraordinary growth; and an era of low taxes on the rich and deregulation, during which living standards for most Americans rose fitfully at best. Yup. Not proof, and there's that bugaboo I have about the importance of the top marginal rate vs the actual total tax percentage paid, but it's an interesting correlation. Cheers, Scott.
Post #326,832 by Ashton 5/25/10 4:36:58 AM Reply	Hmmm Rdan Might you have a nodding acquaintance with 'Our Lady' (in native vernacular) ?? (Wouldn't want to wreck an incognito..) :-0 I could almost see voting for Palin in 2012 on the grounds that this sorry ratfucking excuse for a republic, this savage, smirking, predatory empire deserves her. Bring on the Rapture, motherfuckers! -- via RC
Post #326,833 by Another Scott 5/25/10 7:32:33 AM Reply	He's not really hidden. http://www.angrybear...t-angry-bear.html Scroll down about 1 page. :-) Cheers, Scott.
Post #326,918 by jake123 5/27/10 9:29:40 AM Reply	I'd like to add my voice to the chorus I've been reading you for a year or so on Angry Bear... be nice if you hung out and argued with us. And don't worry... if you're looking for an argument you came to the right place. Abuse is down the hall in Flame On.

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