University study finds that self identified leftists don't understand basic economics

Discussion in 'Politics' started by phenomena, Jun 8, 2010.

  1. Hello

    Hello


    The fact of the matter is that none of them can argue that their thoughts as to how the economy should go would be economically viable. They can not come up with a single logical argument which would suggest that it is a good idea to raise corporate taxes, and government entitlements amidst one of the worst recessions in history. Economics dont lie, the day i see new economics majors being taught that it is good to raise taxes on corporations during a recession i will eat my words.
     
    #11     Jun 8, 2010
  2. Yannis

    Yannis

    That's because power is most often split: a Dem president usually is accompanied by a Repub Congress, and those are the guys/gals who hold the purse strings.
     
    #12     Jun 9, 2010
  3. Yannis

    Yannis

    The Democrats' Job Killing Policies Kill Jobs
    By Newt Gingrich


    "The latest jobs report is solid evidence that Obama's big government, high tax, Washington-centered, bureaucratic, politician-dominated system is going to kill jobs and extend the current economic problems far longer than what is normal for a recession.

    None of this should come as a surprise. Job-killing policies kill jobs. It is that simple and direct....

    The numbers from last week's report on job creation were truly sobering.

    In April, the private sector added 218,000 jobs.

    In May, the private sector added only 41,000 jobs. That is exactly the opposite pattern from a normal economic recovery.

    Normally, in the depths of a severe recession, the recovery accelerates month by month as confidence recovers, businesses invest and consumers come back into the market.

    The shocking numbers for May (an over 80% decline in new private-sector job creation) combined with the fallout from the European fiscal crisis and the economic costs of the BP-Obama oil disaster in the Gulf will further slow down the economy.

    These indicators suggest that there is a real danger of a second downward leg in the recession.

    The fact is that of 431,000 nonfarm jobs added in May, 412,000 are temporary government jobs for the 2010 census, whose layoff in the fall will send unemployment rates up. Furthermore, the unemployment rate came down from 9.9% to 9.7% only because 322,000 Americans dropped out of the job market and quit looking for work.

    Amazingly, the President actually adopted the position that these dismal economic numbers were encouraging, saying "The economy's getting stronger by the day," and a sign his policies are working.

    The President is either being willfully dishonest or is ideologically blind to reality, seeing no difference between stable private-sector jobs and temporary government jobs.

    To be clear, it will take 292,000 new jobs added every month until 2015 to get back to 5% unemployment. For the economy to remain flat, it would need to add 125,000 jobs a month.

    Considering that these census jobs are all temporary, the data suggests that the economy became weaker in May, not stronger, as the President claimed.

    This blindness to reality is dangerous because it is a sign the Democrats will continue to follow job-killing policies.

    (If you are wondering how 41,000 private sector jobs could have been created when 412,000 of the 431,000 jobs added in May were federal government jobs (for a difference of 19,000), it is because 22,000 state and local government jobs were lost
    ...

    Jobs Here, Jobs Now, Jobs First

    We clearly need a new course away from the job-killing policies of President Obama and the Democrats.

    American Solutions COO Dan Varroney has been working with members of our small-business task force on an aggressive plan to jump start private-sector job creation in the United States. The plan combines five key tax cuts with American energy development and a real plan to balance the budget.

    We call it Jobs Here, Jobs Now, Jobs First because, as Dan puts it, "It's time Congress acts to create jobs, not more government."

    A few weeks ago, Dan made the exciting announcement that Congressmen Jim Jordan (R-Ohio) and Jason Chaffetz (R-Utah) have introduced legislation based on the tax cuts in our Jobs First plan. They call it the Economic Freedom Act and it includes:
    Reducing the payroll tax by half for 2010 to provide immediate liquidity for companies and employees;
    Eliminating the capital gains tax to encourage investment in new companies;
    Reducing the corporate tax rate to 12.5%, to make us competitive globally;
    Permanently eliminating the death tax so small businesses and family farms can continue creating jobs for future generations;
    Providing immediate business expensing so American workers have the best equipment and are the most productive...

    The Obama stimulus has clearly failed. It's time to get back to what we know works for job creation. 2+2=4."
     
    #13     Jun 9, 2010
  4. Post of the Year!
     
    #14     Jun 9, 2010
  5. Yannis

    Yannis

    My take is far more threatening and disturbing.

    Fundamentally, there are two ways to lead a country: trying to improve its cohesion around a few basic objectives, like freedom and prosperity; while on the other hand, you could try to bribe a majority of citizens who would be willing to vote for you... you pay them something and they raise you to power.

    You can guess where I'm going with this... all these "social justice" war cries are thinly disguised invitations to "vote here and we'll send you money (their money, the "rich who don't pay their fair share")" They get $500 in the mail, they see their already miniscule tax rate go down a bit, and they're happy. BUT, they also lose their job, because money pulled out of businesses means fewer jobs, plain and simple.

    The only way, imo, to have a healthy and free society is peace and prosperity. The best way to achieve that is a strong economy that funds jobs and ensures we have a superior defense in place. The most effective, by far, way to have a solid and growing economy is to let the most creative and hard-working among us use teir talents to create jobs for everyone. Leave the money in the private sector where it is much more productive than in the hands of civil servants.

    This is the American way that O and his far left liberals are now threatening to its core, because they can, because they have figured out how to buy votes and do what they want. So, we've got to stop them.
     
    #15     Jun 9, 2010
  6. trying to improve its cohesion around a few basic objectives,
    ---------------

    I think it was Bloomberg who brought up the very issues some time ago. Our country does not rally around a few basic issues. The appearance is there but the fortitude is lacking. Putting a man on the moon or the interstate highway system, to name a few from years ago.

    Maybe I'm confused but a recent "rally" is healthcare. Stuff like this doesn't put the USA on the map. We are just mucking around with mental issues, "me" problems ie gay marriage nothing grand. Same old tired issues that go nowhere, oil addiction, bulsshit education agenda's that turn out greater quantities of in debt broke ass dummies.

    No leaders or too many cooks. don't know.
     
    #16     Jun 9, 2010
  7. Mav88

    Mav88

    The study does not surprise me, you have to understand what drives liberal thinking.

    They are not about economic prosperity, they are all about what they call their social justice. It's an emotional based belief system that is underpinned by egalitarianism tinted with a hatred for anything white western male. Economics is to be controlled to meet their goals, they do not care about optimization of production and in fact some of them want poverty as a control and retribution mechanism.

    Marx was the last leftist who actually tried to reconcile it with prosperity. It doesn't work, therefore lately they simply try and tax the hell out of producers to meet their social goals. This is is the so called third way but it also has had its troubles. I see Germany is the latest to cut back welfare.

    The pillars of american liberalism are multiculturalism and socialism. They sneer at the very idea of free market economics.
     
    #17     Jun 10, 2010
  8. http://www.elitetrader.com/vb/showthread.php?threadid=201233
     
    #18     Jun 10, 2010
  9. maxpi

    maxpi

    uhh, let's see, Russia failed miserably, therefore leftist policies lead to miserable failure... how much more do I need to know about leftist policies, other than maybe they want to encourage men to f^%k each other in their hairy stinking @ssholes and form a horribly diseased subculture... or that the real reason nigs are in ghettos is that far leftist Jessie Jacksonites sue the private sector employers and potential employers won't hire a nig because the risk of lawsuit far outweighs any benefit the employee could bring to the job

    What I find when arguing with somebody on the left is that they are idiots in repetitive motion mode.. the best we can make of the situation is to not go to the mat with them, that's what they want... better to just try to educate them on very basic things and hope that some of the people reading the thread are educable... I see these liberals that infest these forums as union picketers swinging baseball bats at scabs more than people that actually want a dialogue so I'm really suggesting to one and all that the best of all possible modes to be in is that of educating the people on the sidelines, and doing that on the most fundamental levels of thought possible that will get the work done... there is interesting work on the mentality of people across the political spectrum, maybe what we really need to focus on is just teaching these people that are vulnerable to the short circuited reasoning processes that lead to liberalism how to think more comprehensively... otoh we can bait them until they pick up the baseball bat in real life and then we can blow their underutilized brain capacity all over the schoolyard with a shotgun, I could go either way on all that really...
     
    #19     Jun 10, 2010
  10. What if we defined "rich" as anyone having a choice or an option.

    Anyone rich has a choice of school or moving to a better place or pursue further education (in the simplest form).

    Suppose a liberal would like to have the low end socio economic people of society to have an option or a choice, when currently they haven't any.

    The social engineers tax anyone rich and provide opportunities to those who have no options.

    Where is the theoretical economic failure of this system?

    Sounds great on paper.
     
    #20     Jun 10, 2010