The Liberal Media

[gunfyter]

Don't forget the strong centralized government.

Could that have also contributed to their growth and stability?

If we could get a strong Centralized government to reduce taxes to China's level it might.

Right now tax revenues collected by the United States is almost 20% of GDP. China is less than 10%! The tax burden of Americans is now DOUBLE the burden of China.

In 1978 the tax burden in China was 31% GDP before they started cutting taxes. They had a strong centralized government before the tax cuts, but a crappy economy. So NO, I think the strong centralized government had nothing to do with economic growth. It was tax Policy.

Lets give tax cuts a chance ... it worked for the Chinese.

 

[dillfer]

If we could get a strong Centralized government to reduce taxes to China's level it might.

Right now tax revenues collected by the United States is almost 20% of GDP. China is less than 10%! The tax burden of Americans is now DOUBLE the burden of China.

In 1978 the tax burden in China was 31% GDP before they started cutting taxes. They had a strong centralized government before the tax cuts, but a crappy economy. So NO, I think the strong centralized government had nothing to do with economic growth. It was tax Policy.

Lets give tax cuts a chance ... it worked for the Chinese.

Don't try to confuse them with facts, it never works.

 

[BlueNose]

Don't try to confuse them with facts, it never works.

The heart of the wise inclines to the right,
but the heart of the fool to the left.

- Ecclesiastes 10:2 (NIV)

 

[gunfyter]

The heart of the wise inclines to the right,
but the heart of the fool to the left.

- Ecclesiastes 10:2 (NIV)

You are either drinking TEA ...
... or you are drinking Kool-Aide

CONFUCIUS
​

 

[glasspilot]

Aren't we coming off a full decade of lower taxes and deregulation? I guess that's why the economy is going so swimingly.

 

[gunfyter]

We had a massive expansion of the economy ... but we just can't expand the economy as fast as Congress can outspend revenues... requiring borrowing and debt.

But no ... we had an increase in regulation ... as measured by the increase in number of pages of federal Regulation over that time.

Bush's Regulatory Kiss-Off - Reason Magazine


"... Overall, the final outcome of this Republican regulation has been a significant increase in regulatory activity and cost since 2001. The number of pages added to the Federal Register, which lists all new regulations, reached an all-time high of 78,090 in 2007, up from 64,438 in 2001...."

Red Tape Rising: Regulatory Trends in the Bush Years

​

Published on March 25, 2008 by James Gattuso
​

In this election year, Americans will hear a lot about taxes. Candidates for everything from President to vil*****lage alderman will present their plans on who should pay and how much. Yet in the political frenzy, one type of tax will almost certainly be overlooked: the hidden tax of regulation. The federal government alone enforces thousands of pages of regulations that impose a burden of some $1.1 trillion-an amount that is comparable to total federal income tax receipts.

And the cost of regulation is getting higher. Despite the claims of critics-and some supporters-of the Bush Administration, net regulatory burdens have increased in the years since George W. Bush assumed the presidency. Since 2001, the federal government has imposed almost $30 billion in new regulatory costs on Americans. About $11 billion was imposed in fiscal year (FY) 2007 alone.


Even more are on the way. Historically, the amount of regulatory activity surges dramatically in the last year of a presidential Administration, whether Repub*****lican or Democrat, as regulators, freed from normal political constraints, clean off their desks. A similar surge looks likely for the final year of the Bush Admin*****istration unless the President and other policymakers keep a tight hand on the regulatory leash.
​

 

[gunfyter]

German austerity vs US liberal spending

Defying Others, Germany Finds Economic Success - NYTimes.com

Aug 13, 2010 ...

BERLIN — Germany has sparred with its European partners over how to respond to the financial crisis, argued with the United States over the benefits of stimulus versus austerity, and defiantly pursued its own vision of how to keep its economy strong.

Statistics released Friday buttress Germany’s view that it had the formula right all along. The government on Friday announced quarter-on-quarter economic growth of 2.2 percent, Germany’s best performance since reunification 20 years ago — and equivalent to a nearly 9 percent annual rate if growth were that robust all year.

The strong growth figures will also bolster the conviction here that German workers and companies in recent years made the short-term sacrifices necessary for long-term success that Germany’s European partners did not. And it will reinforce the widespread conviction among policy makers that they handled the financial crisis and the painful recession that followed it far better than the United States, which, they never hesitate to remind, brought the world into this crisis.
​

The Germans did the OPPOSITE of the Obama Administration policy.

9% annual growth! Do you think there would be some Furlough recalls in the Fracs? Hmmmm?

Besides cutting government spending ... how did they do it?

German tax-cut plan passes parliament | Germany | Deutsche Welle ...

Dec 18, 2009
​

 

[rumorhasit]

That is one ignorant statement. As if capitalism is some perfect machine.

Then what is the perfect system? Barter and trade, communism?

 

[rumorhasit]

Congress caused the housing bubble and Bush was/is blamed for it. Barney Frank insisted Fannie and Freddie were fine loaning money to people who should have been renting.

Glenn Beck has a great show and inspires millions to get their heads outta the sand and learn how we got here.

 

[rettofly]

rumorhasit;2039670 Congress caused the housing bubble and Bush was/is blamed for it. Barney Frank insisted Fannie and Freddie were fine loaning money to people who should have been renting.

Glenn Beck has a great show and inspires millions to get their heads outta the sand and learn how we got here.

Lately, ol' Barney is pushing to abolish Fannie and Freddy. I wonder id he's really pushing to get rid of the evidence.

With you all the way on Glenn.