Feel The Bern

[townpete]

They started "trickle down" economics.  They rewarded the rich for their success, and the theory was that the rich would be so thankful for lower taxes that they would create all kinds of jobs to grow their wealth even more.  This would produce a thriving middle class in a really humming economy.  But the theory was a bit flawed.  Since there weren't any rules on HOW they'd make that money.   And the thinking was that they would do it the "old fashioned way"....they'd earn it by growing their business.  
 
But they found that it was easier to grow a business by merging..and the easiest ways to increase profits year over year was to offshore jobs. So they did.  Why pay an American $60k a year to build a car when we could pay a Mexican $10 a day...but CHARGE like it was built by a bunch of guys making $60k a year.   And think of the savings in healthcare costs that they could get if they built cars in a country where the government provided the health care (Canada).   And since all of us were now "shareholders", thanks to the magic of the 401K...folks who didn't build cars were eagerly jumping on the "overpaid union workers" that were the cause of the demise of the American auto industry.  
 
So guys who used to build cars but were thinking ahead went to tech school and learned computers because that was the coming thing.   Then they saw THOSE jobs get offshored.  Remember when Dells were built in Texas and Gateway was built in Iowa?  Check the box to see where they are made today. Remember when HP made great printers in California?  Then they "grew" by merging with Compaq and promptly proceeded to produce crap made in Maldives. 
 
Republican policies made it all possible.

 
Another tired liberal talking point that's been widely discredited.
 
If you think that Bernie has all the right idea's, well it's been tried before.
 
And it failed as expected. Why is that?
 
Francois Hollande, the newly elected socialist president of France, looks set to achieve one of his main campaign goals and will impose a 75 percent tax rate on people earning more than $1.23 million per year, reports the Washington Post.
 
But then...
 
'Les Riches' in France Vow to Leave if 75% Tax Rate Is Imposed
 
And so they....
 
Down and out: the French flee a nation in despair 
 
And the result is as expected: 
 
Since elected, French President Francois Hollande has raised the income tax, corporate tax and VAT. The government forecasted that these tax increases would lead to an increase in revenue of 30 billion euros.
As reported by the BBC, those estimates were off by about half: The French government faces a 14bn-euro black hole in its public finances after overestimating tax income for the last financial year.
 
And another expected result
 
The wealth tax: a tax on the 'rich that cripples the poor
How France is suffering under François Hollandes socialist government, Andrew Gilligan looks at how the wealth tax, also favoured by Ed Miliband, is hurting peasant farmers and those on middle incomes.
 
And then
 
France forced to drop 75% supertax after meagre returns
 
Of course chaos ensues
 
France's government resigns en masse Frances socialist prime minister resigned along with his entire government yesterday following a meltdown in local elections.
Jean-Marc Ayrault admitted that a huge swing to the Right, including to the extremist National Front, was down to him and his Left-wing government.
And last night socialist President Francois Hollande whose rule has become synonymous with a 75 per cent top rate of income tax  admitted to mistakes and said his priority was now to cut taxes.
 
It was predicted to fail like all the other attempts in history
 
Why France's 75% Income Tax Rate Is Going To Be So Disastrous

 

[KCFlyer]

 
Another tired liberal talking point that's been widely discredited.
 
If you think that Bernie has all the right idea's, well it's been tried before.
 
And it failed as expected. Why is that?
 
Francois Hollande, the newly elected socialist president of France, looks set to achieve one of his main campaign goals and will impose a 75 percent tax rate on people earning more than $1.23 million per year, reports the Washington Post.
 
But then...
 
'Les Riches' in France Vow to Leave if 75% Tax Rate Is Imposed
 
And so they....
 
Down and out: the French flee a nation in despair 
 
And the result is as expected: 
 
Since elected, French President Francois Hollande has raised the income tax, corporate tax and VAT. The government forecasted that these tax increases would lead to an increase in revenue of 30 billion euros.
As reported by the BBC, those estimates were off by about half: The French government faces a 14bn-euro black hole in its public finances after overestimating tax income for the last financial year.
 
And another expected result
 
The wealth tax: a tax on the 'rich that cripples the poor
How France is suffering under François Hollandes socialist government, Andrew Gilligan looks at how the wealth tax, also favoured by Ed Miliband, is hurting peasant farmers and those on middle incomes.
 
And then
 
France forced to drop 75% supertax after meagre returns
 
Of course chaos ensues
 
France's government resigns en masse Frances socialist prime minister resigned along with his entire government yesterday following a meltdown in local elections.
Jean-Marc Ayrault admitted that a huge swing to the Right, including to the extremist National Front, was down to him and his Left-wing government.
And last night socialist President Francois Hollande whose rule has become synonymous with a 75 per cent top rate of income tax  admitted to mistakes and said his priority was now to cut taxes.
 
It was predicted to fail like all the other attempts in history
 
Why France's 75% Income Tax Rate Is Going To Be So Disastrous

 
I understand...it's hard to find even 3 things the republicans have done that have helped the middle class. 

 

[delldude]

 
They started "trickle down" economics.  They rewarded the rich for their success, and the theory was that the rich would be so thankful for lower taxes that they would create all kinds of jobs to grow their wealth even more.  This would produce a thriving middle class in a really humming economy.  But the theory was a bit flawed.  Since there weren't any rules on HOW they'd make that money.   And the thinking was that they would do it the "old fashioned way"....they'd earn it by growing their business.  
 
But they found that it was easier to grow a business by merging..and the easiest ways to increase profits year over year was to offshore jobs. So they did.  Why pay an American $60k a year to build a car when we could pay a Mexican $10 a day...but CHARGE like it was built by a bunch of guys making $60k a year.   And think of the savings in healthcare costs that they could get if they built cars in a country where the government provided the health care (Canada).   And since all of us were now "shareholders", thanks to the magic of the 401K...folks who didn't build cars were eagerly jumping on the "overpaid union workers" that were the cause of the demise of the American auto industry.  
 
So guys who used to build cars but were thinking ahead went to tech school and learned computers because that was the coming thing.   Then they saw THOSE jobs get offshored.  Remember when Dells were built in Texas and Gateway was built in Iowa?  Check the box to see where they are made today. Remember when HP made great printers in California?  Then they "grew" by merging with Compaq and promptly proceeded to produce crap made in Maldives. 
 
Republican policies made it all possible. 

 
 
And you guys break the friggin bank so which is worse?
 
No chance union wages drove things out of country, eh?
 
No chance you quit buying goods from out of country?

 

[700UW]

Clinton surplus, Bush deficit.

 

[townpete]

Clinton surplus, Bush deficit.

 
Another liberal lie that has been widely discredited.
 
Clinton surplus....thanks to the GOP
 
Skeptics said it could not be done in seven years. The GOP did it in four.

 

[delldude]

Clinton surplus, Bush deficit.

 
What bearing does that have on where we sit today?
 
  Cato Institute:
 
And 1993 — the year of the giant Clinton tax hike — was not the turning point in the deficit wars, either. In fact, in 1995, two years after that tax hike, the budget baseline submitted by the president’s own Office of Management and Budget and the nonpartisan Congressional Budget Office predicted $200 billion deficits for as far as the eye could see. The figure shows the Clinton deficit baseline. What changed this bleak outlook?
Newt Gingrich and company — for all their faults — have received virtually no credit for balancing the budget. Yet today’s surplus is, in part, a byproduct of the GOP’s single-minded crusade to end 30 years of red ink. Arguably, Gingrich’s finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years.
http://www.cato.org/publications/commentary/no-bill-clinton-didnt-balance-budget
 

 

[KCFlyer]

 
 
And you guys break the friggin bank so which is worse?
 
No chance union wages drove things out of country, eh?
 
No chance you quit buying goods from out of country?

 
How come after Reagan cut taxes the deficit started going up?  Democrats were "tax and spend"....they used high taxes to pay for programs.  Reagan introduced "borrow and spend".  One of those two believed you needed to have the money to pay for what you were buying.  The republicans were the first ones to borrow to fight wars.  One of those is fiscally irresponsible...do you know which one it is?
 
If union wages drove things out of the country, how come we just lived with them in the 40's, 50's, 60's and 70's?  How come back then a corporate exec had to work 4 or 5 years to earn a million dollars, but today they earn that much before the third week of January?
 
Have I bought goods from out of the country?  Yep.  My dad even worked for a foreign company.  Sony.  Back then, Sony's cost MORE than RCA's or Magnavox.  Now this is the great part though...the demise of the auto industry was because of the high union labor costs.  It didn't have anything to do with the fact that the execs were using a theory called "planned obsolescence" and giving that overpaid union workforce a pile of crap to build?  The thinking was....get folks in a new car every 2 or 3 years.  Need proof?  Look at an early 80's odometer on any American car.  It didn't go to 100,000 miles because the designers and executives didn't expect them to.   Is that the unions fault?  The first Honda's and Toyota's came over here with that sixth digit on the odometer.  And the cars weren't that much cheaper.  Some were more expensive.  American automakers eventually caught on...but in order to justify their ever rising salaries, someone had to be the bogeyman....and unions made a handy one.   

 

[delldude]

 
How come after Reagan cut taxes the deficit started going up?  Democrats were "tax and spend"....they used high taxes to pay for programs.  Reagan introduced "borrow and spend".  One of those two believed you needed to have the money to pay for what you were buying.  The republicans were the first ones to borrow to fight wars.  One of those is fiscally irresponsible...do you know which one it is?
 
If union wages drove things out of the country, how come we just lived with them in the 40's, 50's, 60's and 70's?  How come back then a corporate exec had to work 4 or 5 years to earn a million dollars, but today they earn that much before the third week of January?
 
Have I bought goods from out of the country?  Yep.  My dad even worked for a foreign company.  Sony.  Back then, Sony's cost MORE than RCA's or Magnavox.  Now this is the great part though...the demise of the auto industry was because of the high union labor costs.  It didn't have anything to do with the fact that the execs were using a theory called "planned obsolescence" and giving that overpaid union workforce a pile of crap to build?  The thinking was....get folks in a new car every 2 or 3 years.  Need proof?  Look at an early 80's odometer on any American car.  It didn't go to 100,000 miles because the designers and executives didn't expect them to.   Is that the unions fault?  The first Honda's and Toyota's came over here with that sixth digit on the odometer.  And the cars weren't that much cheaper.  Some were more expensive.  American automakers eventually caught on...but in order to justify their ever rising salaries, someone had to be the bogeyman....and unions made a handy one.   

 
And planned obsolescence made itself obsolete.
 
How about those dems and their pesky environmental reg's making it very costly and very hard to produce here?
 
Some regs have merit, some are ridiculous.
 
Borrow to fight wars?  Look up a series called the Money Masters. Gov'ts been borrowing for war   before Napoleon.

 

[700UW]

 
Another liberal lie that has been widely discredited.
 
Clinton surplus....thanks to the GOP
 
Skeptics said it could not be done in seven years. The GOP did it in four.

The Budget and Deficit Under Clinton
http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/

 

[delldude]

The Budget and Deficit Under Clinton
http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/
 

 
Right there in 94, 95, 96 and 97  from your source, Newt Gingrich and the GOP cut it in 4 years.   
 

 
 
CBO actuals:
 
Who Really Balanced the Budget

Federal Deficits (Billions $)
 
 
 Clinton Baseline*                            Actual
 
                                                      
1994  $203                                             $203
 
1995 175                                               164
 
1996 205                                               107
 
1997 210                                                 22
 
1998 210                                                +60
 
* Congressional Budget Office forecast, April 1995.

 

[townpete]

The Budget and Deficit Under Clinton
http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/
 

 
From your link:
 
An equally if not more powerful influence was the booming economy and huge gains in the stock markets, the so-called dot-com bubble, which brought in hundreds of millions in unanticipated tax revenue from taxes on capital gains and rising salaries.
 
BTW guess who said this: 
 
When deficits disappear, capital, more than $1 trillion so far, is liberated to create wealth and jobs and opportunity at every level all over America, the less money we tie up in publicly held debt, the more money we free up for private sector investment. In an age of worldwide capital markets, this is the way a nation prospers . . . by saving and investing, not by running big deficits." 
 
Definitely not the same party we have today.

 

[townpete]

And lets not forget that Clinton never proposed any programs or anything to reduce the national debt. Only after Republicans took control of the House of Representatives, where all spending bills originate, for the first time in 40 years. It was also the first budget surplus in more than a quarter of a century.
 
Only by tying his hands and the booming dot com led to larger tax revenues to the fed gov.

 

[KCFlyer]

And lets not forget that Clinton never proposed any programs or anything to reduce the national debt. Only after Republicans took control of the House of Representatives, where all spending bills originate, for the first time in 40 years. It was also the first budget surplus in more than a quarter of a century.
 
Only by tying his hands and the booming dot com led to larger tax revenues to the fed gov.

 
 
I must have missed it....could you repost your list of 3 things republicans did to help the middle class.  And this country is like an aircraft carrier...changes take time.   But are you saying that with a republican house and a republican president, we will start to see results by March, 2017? 

 

[delldude]

Jan 20th, 2017, 1:30 pm, 25% of the Federal Gov't will resign.
 
Off to a good start under President Trump.

 

[Glenn Quagmire]

Jan 20th, 2017, 1:30 pm, 25% of the Federal Gov't will resign.
 
Off to a good start under President Trump.

I will buy you a 6 pack of my favorite beer if that happens (just the President Trump part).