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ProfessorGAC Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-18-04 03:21 PM
Response to Reply #33
46. Maintain An Even Course in Economic Policy, For One
Look, one of the biggest misconceptions of macroeconomics is that jobs are some tangential outgrowth of economic vibrancy. This couldn't be more wrong.

Employment is a direct outcome of a strong economy, in just as profound a way as GDP growth. Macroeconomics is NOT a matter of GDP growth fueling everything else. There are more than just that one outcome of economic policy.

The first thing a president should do is avoid doing anything to upset the balance in the system. Macroeconomies work in equilibrium with capital (not equity) markets. A folly of cutting taxes to stimulate consumption (incorrectly referred to as supply-side, which is actually a microeconomic concept, so they cannot even name their hypotheses correctly) unnecessarily upset the monetary balance. This resulted in the current economic condition and OUTCOME of which is high unemployment. High unemployment leads to a dimunition of expendible capital, which has a negative effect on consumption.

So, once again, Li'l Georgie started spending gobs of money he didn't have to prop up the GDP. But, that's not sustainable. So, basically he created the mess by upsetting the equilibrium without any mathematical justification, and then made things worse by adding more weight to the negative side of the scale. He continues to do so.

The actual fact is that a president can do more harm than good to the economy. Reagan and Junior are mathematically irrefutable examples of that.

So, Boortz is wrong, as usual. The government has a duty to cover its expenses. It can't do that if tax revenues are double dipped by cutting marginal rates and then reducing incomes to those paying the taxes. What Bush should have done is NOTHING! But, naturally, "staying the course", as he is now so found of saying, would have been inconsistent with their provably incorrect economic theories. So, he plays the amiable dunce and screws up the economy, and now to heck with everyone who doesn't already have theirs. Nice.
The Professor
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  -Neal Boortz is outraged! CatWoman  Feb-18-04 10:47 AM   #0 
  - Maybe all the unemployed could enlist?  chiburb   Feb-18-04 10:48 AM   #1 
  - Just think what those unemployment numbers would be if the soldiers were  loudnclear   Feb-18-04 01:19 PM   #36 
  - I guess george antoinette would say "let 'em eat bullets."  calimary   Feb-18-04 02:36 PM   #43 
  - Offshore Outsourcing is good for us.  Bleachers7   Feb-18-04 10:48 AM   #2 
  - YA Know  DK666   Feb-18-04 10:49 AM   #3 
  - heard him on radio when I went to pick up lunch  CatWoman   Feb-18-04 10:55 AM   #11 
     - Unfortunatly  DK666   Feb-18-04 10:59 AM   #16 
     - Gee, Neal  fertilizeonarbusto   Feb-18-04 11:02 AM   #19 
     - Gee, Neal....  Deb-Ter   Feb-18-04 02:15 PM   #41 
        - Good  GTRMAN   Feb-18-04 04:18 PM   #49 
           - What about this?  GTRMAN   Feb-18-04 04:36 PM   #50 
     - Aaaah...I'm basking in the warm glow of compassionate conservatism  Richardo   Feb-18-04 11:03 AM   #20 
     - That's great  rock   Feb-18-04 11:20 AM   #29 
     - I might agree with this guy to an extent--  John BigBootay   Feb-18-04 12:18 PM   #33 
     - Answer: the same thing YOU, Boortz, would demand that a Democrat  calimary   Feb-18-04 02:40 PM   #44 
     - Out Of Work 44 Months  mhr   Feb-18-04 02:44 PM   #45 
     - Maintain An Even Course in Economic Policy, For One  ProfessorGAC   Feb-18-04 03:21 PM   #46 
     - what a shithead  drdigi420   Feb-18-04 01:24 PM   #37 
  - Well,  wryter2000   Feb-18-04 10:50 AM   #4 
  - heh.  KG   Feb-18-04 10:50 AM   #5 
  - Bush is playing the Emotion Card, using FEAR tactics and twisted logic.  opihimoimoi   Feb-18-04 10:53 AM   #7 
  - Oh, I'd love to see the look on an unemployed Republican's  Cat Atomic   Feb-18-04 10:51 AM   #6 
  - Karma is a bitch when you are on the wrong side of her.  DarkPhenyx   Feb-18-04 11:14 AM   #26 
  - Well I'm Outraged about a Whole Bunch of Stuff Too!!!  PopSixSquish   Feb-18-04 10:53 AM   #8 
  - The gov't doesn't owe me a goddam war either.  Jackpine Radical   Feb-18-04 10:54 AM   #9 
  - I like the way you think  fertilizeonarbusto   Feb-18-04 11:01 AM   #17 
     - I do my best.  Jackpine Radical   Feb-18-04 11:15 AM   #27 
  - Ol' Neal should read his Abraham Maslow.  GOPisEvil   Feb-18-04 10:54 AM   #10 
  - If the war on terror is our #1 priority, what are we doing in Iraq?  truthspeaker   Feb-18-04 10:55 AM   #12 
  - It's very Facsist of Boortz to use fear as a political tool!  PROGRESSIVE1   Feb-18-04 10:55 AM   #13 
  - Maybe Neal should enlist and volunteer for Iraq duty  Loonman   Feb-18-04 10:57 AM   #14 
  - well, you see,  stanwyck   Feb-18-04 12:37 PM   #34 
  - fair enough  soundgarden1   Feb-18-04 10:58 AM   #15 
  - I think I have a new sign for my truck.  DarkPhenyx   Feb-18-04 11:16 AM   #28 
  - This is my new mantra  Loki   Feb-18-04 11:01 AM   #18 
  - That's a great mantra.  myrna minx   Feb-18-04 11:07 AM   #22 
  - While I agree with the sentiment, re-quoting Reagan...  TheRedMan   Feb-18-04 12:41 PM   #35 
  - Does the gov't owe me a job?  YNGW   Feb-18-04 11:07 AM   #21 
  - What an ass....  gsc2749   Feb-18-04 11:08 AM   #23 
  - Plenty of people  BigBigBear   Feb-18-04 11:08 AM   #24 
  - Neil's being replaced  JHB   Feb-18-04 11:08 AM   #25 
  - LOL!  Stevie D   Feb-18-04 01:35 PM   #38 
  - so now a sound economic policy isn't required of government?  enki23   Feb-18-04 11:24 AM   #30 
  - Sorry but...  lovedems   Feb-18-04 11:28 AM   #31 
  - stick this where the sun dont shine mr boortzhit  kodi   Feb-18-04 12:13 PM   #32 
  - LOL,poor career choices like Boeing,Cessna,Beech,LearJet....  OneTwentyoFive   Feb-18-04 01:55 PM   #39 
  - Most of the Right wing radio is becomeing unhinged  SideshowScott   Feb-18-04 02:08 PM   #40 
  - Michal Savage is hystercial about gay marriage  Skittles   Feb-18-04 02:33 PM   #42 
  - "Neal says that the government doesn't owe you a job!!"  DemoTex   Feb-18-04 03:26 PM   #47 
  - typical bullshit wingnut strawman.  ulysses   Feb-18-04 03:28 PM   #48 

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