"Why GOP Policies are a Cruel Fraud"

[NWO Sentryman]

http://existentialistcowboy.blogspot.com/2010/03/why-gop-policies-are-cruel-fraud.html

As U.S. GDP declines during GOP regimes, it does so because 'wealth' is literally transferred upward to a 'ruling elite' class, a laundered pay-off to the 'base'. At present, just one percent of the nation's total population owns, by some estimates, more wealth than is owned by about 95 percent of the rest of the population. *

im not sure as to whether or not to put this in stundies.

Now, this really is a good example of You Fail Economics forever, right here:

It was an era of egalitarian growth and prosperity that did begin to end until the inauguration of Ronald Reagan.

What about the dotcom bubble and the clinton surplus eh?

And here:

Germany alone disproves just about everything the GOP ever told you about economics.

Strange. What about Down South (for non Norn Ironers, that's Ireland), whose GDP increased exponentially after adopting Free Market policies in 1986?

As well as this gem

FACT: OVER 24 MILLION JOBS WERE CREATED DURING THE 70s:
While ONLY about the 18 million jobs were created in the 80s.

He doesnt give a source, but how many of those 24 million jobs were lost during the oil panic and the recession? When were they created? What were they in etc?

 

[Travis]

I'm not entirely sure Ireland is an economy you want to emulate.

 

[back2basics]

I'm not entirely sure Ireland is an economy you want to emulate.

What he said.

Moody's cuts Ireland's Aaa credit rating
http://www.marketwatch.com/story/moodys-cuts-irelands-credit-rating-20097275800

S&P Cuts Rating on Ireland Credit as Deficits Grow
http://online.wsj.com/article/SB123845383969871345.html

Ireland's unemployment rises to 11.4%
Irish economy contracted faster than any in developed world
http://www.guardian.co.uk/business/2009/apr/29/economy-ireland-jobless-rise

A case of "You Fail Economics forever"?

 

[Praktik]

What about the dotcom bubble and the clinton surplus eh?

You missed the key word in the piece, not sure I agree with all of it or even most of it (haven't read it in fact) but the part you quoted said "egalitarian growth", like say, the period of the 50s - when the rising tide really was lifting all boats.

What's interesting about the period of growth in the 90s, is that the benefits of that growth was almost entirely concentrated among the elites, and the middle and lower classes saw their relative share of the economy shrink or stagnate.

 

[daenku32]

I'll side with NWO that GDP growth and upward wealth transfer are not mutually exclusive terms.

But this is why I think we should leverage the GDP growth as much as possible for social justice. The rich will keep getting richer, but with social justice programs so will the poor.

 

[Skeptic Ginger]

"Why GOP Policies are a Cruel Fraud".

Seems to go along with the thread title.

I welcome an update with the 2009 data. I suspect Bush's contribution to the Federal Debt was underestimated on the graph.