Essential Economics for Politicians

Booter said:
“Socialism” vs. “capitalism” is a false dichotomy
We need go-go capitalism to afford a generous welfare state, and people won’t support go-go capitalism without a safety net. “Socialists” and Republicans forget different parts of this lesson.

The GOP’s market rigging and rejection of the social safety net drives voters toward “socialism”
No less a classical liberal than F.A. Hayek supported a robust safety net capable of “providing for those common hazards of life against which few can make adequate provision.” It’s true, as Williamson says, that “There isn’t any obvious and non-arbitrary place to draw the line on those common hazards of life.” But he’s wrong that “the fundamental difference between Right and Left is where to draw that line (or those lines) and how to go about helping those we decide to help.”

A Republican Party that remains doggedly devoted to Grover Norquist’s goal of shrinking government until it’s small enough to drown in a bathtub isn’t pro-lifeboat. It’s pro-drowning. Moreover, cannibalizing Obamacare, setting public assistance ever further out of reach, and exploding the deficit with massive tax cuts doesn’t make the ruling political right a friend of free markets. Trump’s tariff-hiking, winner-picking economic nationalism, which looks to communist China as a model, is an immiserating morass of rank corruption. But that’s what the GOP currently stands for, whether conservative thinkers like it or not.

The right’s Pavlovian reaction to Ocasio-Cortez’s budget-busting democratic socialism has trapped it in a comforting haze of commie-fighting nostalgia. It leaves Republicans blind to the electoral threat posed by Warren’s Nordic-style social democracy, because they can’t see the difference; they can only see reds. Warren’s coalescing vision of the market-friendly welfare state doesn’t exactly amount to the second coming of Milton Friedman, but it’s far more intellectually sound and politically attractive than anything Republicans currently have on offer.

If the governing GOP is unable to hear what Hayekian conservatives like Williamson are saying and just keep on smashing the lifeboats, and fail to offer a compelling alternative to Warren’s vision for unrigging the economy, not only will they be totally overwhelmed on their left flank on social insurance, they might also find themselves outflanked on the issue of fair, open, competitive markets. They’ll get routed by the left on capitalism, still screeching about Venezuelan bread lines.

https://www.vox.com/the-big-idea/20...in-williamson-column-republican-ocasio-cortez
Click to expand...


No Brains ...No Headaches.....you're vying for the empty cranium award...

Don't look now but you and the Rodent are neck and neck.....
 
Booter said:
You consider the following to be cherry picking?

What contributed to the $779 billion deficit in 2018?
• Bush Tax Cuts: $488 billion
• Trump Tax Cuts: $164 billion
• Direct costs of wars in Iraq and Afghanistan: $127 billion
• Base defense increases: $156 billion

Those are real numbers and they are big numbers and they are they are they result of Republican Policies.
Click to expand...
Booter said:
“Socialism” vs. “capitalism” is a false dichotomy
We need go-go capitalism to afford a generous welfare state, and people won’t support go-go capitalism without a safety net. “Socialists” and Republicans forget different parts of this lesson.

The GOP’s market rigging and rejection of the social safety net drives voters toward “socialism”
No less a classical liberal than F.A. Hayek supported a robust safety net capable of “providing for those common hazards of life against which few can make adequate provision.” It’s true, as Williamson says, that “There isn’t any obvious and non-arbitrary place to draw the line on those common hazards of life.” But he’s wrong that “the fundamental difference between Right and Left is where to draw that line (or those lines) and how to go about helping those we decide to help.”

A Republican Party that remains doggedly devoted to Grover Norquist’s goal of shrinking government until it’s small enough to drown in a bathtub isn’t pro-lifeboat. It’s pro-drowning. Moreover, cannibalizing Obamacare, setting public assistance ever further out of reach, and exploding the deficit with massive tax cuts doesn’t make the ruling political right a friend of free markets. Trump’s tariff-hiking, winner-picking economic nationalism, which looks to communist China as a model, is an immiserating morass of rank corruption. But that’s what the GOP currently stands for, whether conservative thinkers like it or not.

The right’s Pavlovian reaction to Ocasio-Cortez’s budget-busting democratic socialism has trapped it in a comforting haze of commie-fighting nostalgia. It leaves Republicans blind to the electoral threat posed by Warren’s Nordic-style social democracy, because they can’t see the difference; they can only see reds. Warren’s coalescing vision of the market-friendly welfare state doesn’t exactly amount to the second coming of Milton Friedman, but it’s far more intellectually sound and politically attractive than anything Republicans currently have on offer.

If the governing GOP is unable to hear what Hayekian conservatives like Williamson are saying and just keep on smashing the lifeboats, and fail to offer a compelling alternative to Warren’s vision for unrigging the economy, not only will they be totally overwhelmed on their left flank on social insurance, they might also find themselves outflanked on the issue of fair, open, competitive markets. They’ll get routed by the left on capitalism, still screeching about Venezuelan bread lines.

https://www.vox.com/the-big-idea/20...in-williamson-column-republican-ocasio-cortez
Click to expand...
Oh look! The prediction train just pulled in to town.
 
Booter said:
“Socialism” vs. “capitalism” is a false dichotomy
We need go-go capitalism to afford a generous welfare state, and people won’t support go-go capitalism without a safety net. “Socialists” and Republicans forget different parts of this lesson.

The GOP’s market rigging and rejection of the social safety net drives voters toward “socialism”
No less a classical liberal than F.A. Hayek supported a robust safety net capable of “providing for those common hazards of life against which few can make adequate provision.” It’s true, as Williamson says, that “There isn’t any obvious and non-arbitrary place to draw the line on those common hazards of life.” But he’s wrong that “the fundamental difference between Right and Left is where to draw that line (or those lines) and how to go about helping those we decide to help.”

A Republican Party that remains doggedly devoted to Grover Norquist’s goal of shrinking government until it’s small enough to drown in a bathtub isn’t pro-lifeboat. It’s pro-drowning. Moreover, cannibalizing Obamacare, setting public assistance ever further out of reach, and exploding the deficit with massive tax cuts doesn’t make the ruling political right a friend of free markets. Trump’s tariff-hiking, winner-picking economic nationalism, which looks to communist China as a model, is an immiserating morass of rank corruption. But that’s what the GOP currently stands for, whether conservative thinkers like it or not.

The right’s Pavlovian reaction to Ocasio-Cortez’s budget-busting democratic socialism has trapped it in a comforting haze of commie-fighting nostalgia. It leaves Republicans blind to the electoral threat posed by Warren’s Nordic-style social democracy, because they can’t see the difference; they can only see reds. Warren’s coalescing vision of the market-friendly welfare state doesn’t exactly amount to the second coming of Milton Friedman, but it’s far more intellectually sound and politically attractive than anything Republicans currently have on offer.

If the governing GOP is unable to hear what Hayekian conservatives like Williamson are saying and just keep on smashing the lifeboats, and fail to offer a compelling alternative to Warren’s vision for unrigging the economy, not only will they be totally overwhelmed on their left flank on social insurance, they might also find themselves outflanked on the issue of fair, open, competitive markets. They’ll get routed by the left on capitalism, still screeching about Venezuelan bread lines.

https://www.vox.com/the-big-idea/20...in-williamson-column-republican-ocasio-cortez
Click to expand...
Agree!! The market rigging of 6 straight years of QE. And the Fed just told us at their last meeting that the debt has now been monetized.
 
Booter said:
You consider the following to be cherry picking?

What contributed to the $779 billion deficit in 2018?
• Bush Tax Cuts: $488 billion
• Trump Tax Cuts: $164 billion
• Direct costs of wars in Iraq and Afghanistan: $127 billion
• Base defense increases: $156 billion

Those are real numbers and they are big numbers and they are they are they result of Republican Policies.
Click to expand...
Know the difference between debt and deficit? If you did then you might be interested to know that the first trillion dollar deficit happened under Bush and the next four under Obama. Want a source? Read the Feds balance sheets between 09 and 16.
 
Bruddah IZ said:
Know the difference between debt and deficit? If you did then you might be interested to know that the first trillion dollar deficit happened under Bush and the next four under Obama. Want a source? Read the Feds balance sheets between 09 and 16.
Click to expand...
usgs_line.php


https://www.usgovernmentspending.com/fed_us_deficit_chart_10_G.html
 
Bruddah IZ said:
Know the difference between debt and deficit? If you did then you might be interested to know that the first trillion dollar deficit happened under Bush and the next four under Obama. Want a source? Read the Feds balance sheets between 09 and 16.
Click to expand...
I'm still waiting for a source from you to support your statement that Obama ran over a Trillion dollar deficit every year he was in office. You shouldn't need more than a minute with Google to bring that up - so lets see it. Or were you just talking out of your ass again?
 
Booter said:
I'm still waiting for a source from you to support your statement that Obama ran over a Trillion dollar deficit every year he was in office. You shouldn't need more than a minute with Google to bring that up - so lets see it. Or were you just talking out of your ass again?
Click to expand...


Hey " Boot Butt " you posted a garbled message from your buttocks above.....

Observe below....

https://www.thebalance.com/national-debt-under-obama-3306293

The National Debt under the Obama Administration was increased by $ 9 Trillion Dollars
over 8 years....

Ready " Boot Butt "....

9 Trillion / 8 years = 1 Trillion + for each year in office.....


What's that " Boot Butt "...?

I can't seem to decipher the garbled comment coming from your
lower exhaust chute....the muscle appears to be inhibiting your
shitty speech pattern.....
 
Hüsker Dü said:
Can you point out any problems with what I posted or just like always talking out your ass?
Click to expand...


I don't " Talk " on this forum, I type comments/responses/opinions.....
When conversing face to face with a fellow human I use my vocal cords and
the accompanying muscles to communicate verbally.

Now if YOU have mastered the technique of waste gas vocalization by sphincter
muscle manipulation that has got to be a sight to witness....

As always you project what you do yourself or are attempting to accomplish....

Rodent...do some research before projecting your continual " Foot in Mouth " stunts.


 
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