I'm baaaaaaccckkk...... Eric, you just got to help me understand the opposing view. I mean, the preponderance of the evidence that supplyside works seems overwhelming. It brought us out of the Carter nightmare for one. Europe is now embracing it and has absolutely done a 180 in positive economic growth. I have tried to find a model where demandside worked but very little evidence. The best I could find was Ireland, who, after a dismal economic failure, cut taxes on the middle class, and yes things got a bit better, but then they cut capital gains and corporate taxes and WHAMO, outstanding growth. Which is why corporations are relocating there in record numbers. It just works, so why, when the rest of the world is moving to supplyside, Obama is taking us in the other direction? Look who he has tapped for his economic team. Jennifer Granholm who has run Michigan into the ground. Buffet who's profit for the 3rd quarter is down 77%, Robert Reich who is not a believer in supplyside. (please tell me why). This lineup tells me Obama is going to make the same mistakes Carter did! What is the argument against supplyside. I honestly am just trying to get to the truth here...what am I missing?
You are a true gentleman.
I must be really out of it these days; I did not realize you were currently treating until your post about the riba. You amaze me that you keep your cool even when we have strong disagreements. I wish everyone had your self control and tolerance of opposing ideas.
I actually don't think supply siders are completely off base. I just think a more modern version of it is needed and it has to include some demand side data.
Eric
no offense taken Issy I am just a bit serious watch too much news and it is hard right now wish I could lighten up but I do not or did not mean to put a damper on your light heartedness and joking have fun what else can we do Hey if I had some money I would buy a new car saw a great one the toyota land rover sweet Did get out yesterday should be in a better mood it was fun went to a cook off the 1st year restaurants from all over baja participated in a competition for the best Paella really fun and raised 10 grand for a good cause I am just being old worry wart me
We own a small business and I work for a family owned jewelry store, so I certainly see on a daily basis what is happening to small businesses in this economic climate. Very alarming.
Yes, we were joking and I am sorry if I offended. Tx'ing has had more of an effect on my spending habits than anythiing else right now tho. Going back to what started this whole side bar.......who has the energy, lol!!
Amazing how much money you can save on groceries when all you want to eat is white spinach pizza, watermelon liccorice and mint choc chip ice cream.
Sorry to have make light of a serious situation =)
Izzy
Did someone say,"shoes"?One year for Christmas we bought shoes all year long and wrapped each pair.The box was huge and when our oldest daughter opened the box, she was almost crying.We videotaped her when she said,"This is the very bestest Christmas ever "! We love shoes.
Tammy
You should read further back than post 200.... then you'll understand what we're talking about. It's all a joke... Just read back and you'll understand.... We're making fun of ourselves.
Love, Marcia