Tag: Supply-side economics

To follow up on my older blog post on the economic nirvana of Kansas is a little video from Robert Reich: or check this out about Wisconsin:

The economic system known as Reaganomics has been at work in The United States since 1981 and, as far as I can tell, is working as designed.  Here’s more evidence of the stunning success of supply-side economics (or, as George H. W. Bush referred to it, voodoo economics). WASHINGTON —…

That’s why they deserve more than you. In 2010, as the nation continued to recover from the recession, a dizzying 93 percent of the additional income created in the country that year, compared to 2009 — $288 billion — went to the top 1 percent of taxpayers, those with at…

If we don’t cut corporate taxes immediately, it will be the end of civilization…. …or not.

The only issue that matters in the 2012 election is the income disparity between rich and poor.  And the fact that, as a whole, people are not seeing the benefits of the growth in GDP. That red line is 1980 (about) when America embarked on a reckless experiment with supply-side…

Pre-science-ism run wild!  The irrationality of the Rational Hypothesis…

The good folks at Econobrowser were kind enough to provide some updated analysis of Wisconsin’s economy.  It’s extremely bleak.

This is the Barack Obama that campaigned in Wisconsin and that I proudly voted for. H/T Think Progress: Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune….

The Congressional Budget Office just released a report which shows yet again the growth of inequality in America.  We have become a class-based society.

In today’s Financial Times(hardly the liberal media), Martin Wolf has an interesting article on Supply Side Economics. Mr. Wolf is the chief economics commentator for the FT, and not being American can look upon the situation and judge it objectively. That is why while he marveled at the political genius…