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Stocks up, consumer spending down; Is Bush plan working?

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  • #16
    The effects of the lower consumer spending in the US presently could be argued about - but I'd say that it's a good sign, considering the state of deficits and debts of US goverment.

    Am I right, you people of Apolyton who know more about economics than me?

    Comment

    • #17
      Originally posted by Fez
      The signs are there, and I believe the recovery will be here in the 4th quarter.
      Keep dreaming, the economy won't improve until the states get more federal money, the current situation sucks because the State Governments are to spineless to raise taxes. (Our Republican Governer is an example of this, cutting education spending instead of raising taxes, what a MORON).

      Comment

      • #18
        Originally posted by Odin


        Keep dreaming, the economy won't improve until the states get more federal money, the current situation sucks because the State Governments are to spineless to raise taxes. (Our Republican Governer is an example of this, cutting education spending instead of raising taxes, what a MORON).
        'says the socialist.

        What is your plan? Nationalize everything?

        You keep dreaming.
        For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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        • #19
          Very few of the Bush tax cuts have been supply-side. Mostly, they've been demand side.
          I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

          Comment

          • #20
            Originally posted by DanS
            Very few of the Bush tax cuts have been supply-side. Mostly, they've been demand side.
            I guess that's why everyone is jumping into the stock market then. Oh, I see. Demand-side to you means demand more stocks. Dan, if they are demand-sided cuts why are all of Bush's economists supply-siders.

            The plan is suppose to increase savings. The savings are suppose to be spent in the stock market and on business, and this is suppose to create jobs. You see a new boom in the stock market which everyone anticipates. We will have to see about the business spending, but I don't think it will increase much until consumers start spending. Even if business spending increases consumer spending won't necessarily follow. If it doesn't we get a recession.

            MtG has a point about the higher business and consumer confidence and that might save us and Bush.
            I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
            - Justice Brett Kavanaugh

            Comment

            • #21
              Dan, if they are demand-sided cuts why are all of Bush's economists supply-siders.

              Maybe they aren't all supply-siders. Because most of these are not supply side cuts.
              I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

              Comment

              • #22
                Very few of the Bush tax cuts have been supply-side. Mostly, they've been demand side.
                Riiiiiight. hahaha. Cutting taxes to increase revenue is supply side. Cutting taxes to increase jobs is supply side. Where is the demand side? Oh thats right. No-where.
                "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

                Comment

                • #23
                  Originally posted by Lawrence of Arabia

                  Riiiiiight. hahaha. Cutting taxes to increase revenue is supply side. Cutting taxes to increase jobs is supply side. Where is the demand side? Oh thats right. No-where.
                  So lets increase taxes. Send the demand down even further.
                  For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

                  Comment

                  • #24
                    Cutting taxes to increase revenue is supply side. Cutting taxes to increase jobs is supply side.

                    Revenue/jobs has nothing to do with this distinction.
                    I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

                    Comment

                    • #25
                      Tax cuts to the rich are supply-side, targeted tax cuts to working-class people are demand side. raising taxes on wealthy people doesn't reduce consumer spending, rich people are the money hounds that can't spend thier money.

                      Comment

                      • #26
                        Originally posted by Odin
                        Tax cuts to the rich are supply-side, targeted tax cuts to working-class people are demand side. raising taxes on wealthy people doesn't reduce consumer spending, rich people are the money hounds that can't spend thier money.
                        Really? Targeted tax cuts to working-class people stimulate demand? Since when? These people don't have the spending power to make that much of an impact. Rather the tax cuts must be directed to the middle and upper classes where it is best needed.

                        If they don't spend their money, they give it to charity. That is why I dislike people who have a problem with Bill Gates.
                        For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

                        Comment

                        • #27
                          Targeted tax cuts to working-class people stimulate demand? Since when? These people don't have the spending power to make that much of an impact.
                          If goverment provides, let's say, $100 to the poor via tax cuts, they don't spend it, because they don't have enough spending power?

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                          • #28
                            Originally posted by Tuomerehu

                            If goverment provides, let's say, $100 to the poor via tax cuts, they don't spend it, because they don't have enough spending power?
                            $100 for the poor wouldn't be as impactful as say a $1000 break for the middle class. Simple economics. Both make an impact, but the $1000 is much greater.
                            For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

                            Comment

                            • #29
                              Originally posted by Fez


                              $100 for the poor wouldn't be as impactful as say a $1000 break for the middle class. Simple economics. Both make an impact, but the $1000 is much greater.
                              You could be one of Bush's economic advisors.
                              I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                              - Justice Brett Kavanaugh

                              Comment

                              • #30
                                Originally posted by Kidicious


                                You could be one of Bush's economic advisors.
                                Thanks for the compliment.
                                For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

                                Comment

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