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View Full Version : 7 Biggest Economic Lies


Rohirrim
08-14-2013, 08:24 PM
In under three minutes:

<iframe width="640" height="360" src="http://www.youtube.com/embed/mM5Ep9fS7Z0?feature=player_embedded" frameborder="0" allowfullscreen></iframe>

nyuk nyuk
08-15-2013, 08:53 AM
Myth: Trickle down economic theory doesn't exist. It's a mythological political slur. Refer to

Trickle Down Theory and Tax Cuts for the Rich (http://www.tsowell.com/images/Hoover%20Proof.pdf) by Thomas Sowell. A simple 20 page booklet that explains it perfectly well.

TonyR
08-15-2013, 09:01 AM
I can't watch the vid here at work. And I didn't stay at a Holiday Inn Express last night. But I did read this today:

Millions of people in the bottom tier of the working class have lost, on average, 85% of their net worth. (Their average net wealth, which was already falling before the onset of the Great Recession, went from $6700 as recently as 2007 to $1500 in 2011). People even lower in the wealth distribution donít appear in the graph because their net worth was negative all along; but in real terms, they have been hit even harder (at the 5th percentile, $39,000 in debt in 2011 as compared with $13,000 in 2007). Meanwhile, those near the top of the wealth distribution have been held harmless.

The story with respect to income is less dramatic, but qualitatively similar. From 2007 to 2011, the average real income of households in the bottom four income deciles declined by 9% (from $22,234 to $20,222), while the average income of households in the top 5% of the distribution plummeted from $311,524 to $311,444.
http://themonkeycage.org/2013/08/13/power-to-altruists-concerned-with-the-poor/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+themonkeycagefeed+%28The+Monk ey+Cage%29

nyuk nyuk
08-15-2013, 09:29 AM
Obama's own government (like with Clinton's) have released reports showing that mass migration is widening the wage gap. If you don't like wage gaps, then support border enforcement and cuts in legal immigration.

L.A. BRONCOS FAN
08-15-2013, 09:45 AM
http://www.bartcop.com/bagger-please.jpg

nyuk nyuk
08-15-2013, 09:47 AM
Who needs economic literacy when you have a serial meme paster?

L.A. BRONCOS FAN
08-15-2013, 09:50 AM
Who needs economic literacy when you have a serial meme paster?

Way to not deny anything that was said in the graphic.

SOP for you and the rest of Goober Nation.

L.A. BRONCOS FAN
08-15-2013, 09:50 AM
http://www.bartcop.com/gop-hates-6-investors.JPG

B-Large
08-15-2013, 10:04 AM
the issue is not Democrat or Republican. Its is the scope and reposnsibility of the Government is too large and too overreaching. They are both Next Expanders of Government, so splitting hairs over who do this who did that, while entertaining, it kind of pointless.

L.A. BRONCOS FAN
08-15-2013, 10:10 AM
the issue is not Democrat or Republican. Its is the scope and reposnsibility of the Government is too large and too overreaching. They are both Next Expanders of Government, so splitting hairs over who do this who did that, while entertaining, it kind of pointless.

Sounds like the typical Reagan "government is the problem" dogma.

Government isn't the problem.

The problem is the complete merger of corporate interests with government power that has taken place over the last 30 years.

B-Large
08-15-2013, 10:14 AM
Sounds like the typical Reagan "government is the problem" dogma.

Government isn't the problem.

The problem is the complete merger of corporate interests with government power that has taken place over the last 30 years.


Again, if the Fed didn't have so much power, perhaps we wouldn't have that problem?

L.A. BRONCOS FAN
08-15-2013, 10:17 AM
Again, if the Fed didn't have so much power, perhaps we wouldn't have that problem?

Abolish the Fed.

Enact meaningful campaign finance reform.

Reinstate Glass-Steagall.

Roll back the Reagan tax cuts.

That would be a good start.