Re: Sammy, no reply to this?
Originally posted by sammyk:
NJ can't you see that the majority of our debt started with Reagan and failed trickle down economics and his spending and debt . Added to by that with GW and his 2 wars that continued the ball rolling down the wrong path. You see how easy that was do you so much of the economic growth is due to fracking ok so like I said if you are ok with earthquakes in your area then fracking is ok for you. I really am ok with fracking but just like the coal mines who I have zero sympathy for they will leave many communities broken run down and dumb. Just like Greene county PA Now are you going to tell me that the Keystone pipeline will create a bazillion jobs too, so everything that is wrong are all democratic policies really well I can see that ole Rush Limbaugh must be on.
Sammy, your statement is misleading: "the majority of our debt started with Reagan..." It is a fact that Reagan's debt was less than $2 trillion (over 8 years) while obama's is ~ $6 trillion (in 6 years). So, is it more important where the debt started (Reagan had to take on some amount of debt, but not a huge amount vs. GDP after the poor presidencies of Carter - worst president ever, but obama coming up on Carter's heels pretty quickly - and Nixon), or the amount of debt? You would admit that $6 trillion is more than $2 trillion, wouldn't you Sammy?
As far as trickle down economics, there is no doubt that it works; it just isn't going to work for all, nor is it going to work equally and fairly for all people. Some people work harder, some people get some breaks; you cannot guarantee equal outcomes, only equal opportunities. Different people will do different things with opportunities. Please demonstrate with facts that trickle down doesn't work. I will demonstrate to you that it does: a salesperson has a good month, gets a good bonus or commission, takes his family or a large party of relatives to a nice restaurant, spends $500 and leaves a 20% tip, maybe more for a waiter/waitress who works hard and provides great service. The restaurant benefits, as do the employees. The waiter makes $100 just on that one table, much more on a total basis on the several tables he/she has that night. Maybe after a great year of hard work (our favorite waiter works seven days a week during the winter months), the waiter can afford a nice car, which supports the auto industry, which supports the auto parts industry, which supports the suppliers to the auto parts industry. I think you can understand this, but only if you decide not to believe liberal, talking-head, conventional wisdom that wants you to believe otherwise.
Bush's decision on the two wars was terrible. But I would like to hear your argument about how it hurt the economy. Clinton's housing policy was what lead to the recession in 2008, not two wars. But again, I would like to hear your argument as to the cause and effect here. In your argument, you skip from Reagan's terrible policies to Bush's two wars and want me to believe that this is what got the "ball rolling down the wrong path." Thanks for giving me a some laughs. Convenient that you skip right over Clinton, yet you expect us to believe that you are not really that liberal!!
Sammy, your anti-fracking argument directly opposes the positive economic growth you have been bragging about so frequently. Without fracking, the unemployment rate would be much higher and economic growth rates would be much lower. There is trickle down in oil too, Sammy, but you might not be able to put the pieces of the puzzle together. As fracking increases, supply goes up and the price goes down, which makes the cost of production lower, which makes items cheaper, which gives you and me more purchasing power, which leads to foreign companies locating their businesses here (Lyondell Basel as just one example) which gives more Americans jobs, which again leads to the trickle down effects, which someone has told you is pure fiction! Don't believe the talking heads Sammy!
