Reply #8: I was a little disappointed with Friday's show....

[jab105]

Don't get me wrong, I love you Guy...

But when that Republican called in asking why he should vote democratic, and you gave him the unemployment numbers during Democratic and Republican administrations, and he still wanted more...

I REALLY think you could have gone into that the Republican economic policies are to let the rich get richer by their tax plans as well as their business policies, whereas the democrats tend to have tax cuts for the middle class and the poor...and the important thing is that when we have a strong middle class and when all the income groups in a society are going up at approximately the same rate...THAT is when we have economic prosperity...that is why the unemployment numbers go down with a democratic administration...because it leads to a larger middle class and that grows the economy and democracy!!

In economics there are two terms called the propensity to save and the propensity to spend/consume (MPS and MPC). If you spent every penny you make you would have a 0% propensity to save and a 100% propensity to consume. And if you save every penny you have a 100% MPS and a 0%MPC. You can represent this by doing a XY chart and labeling the X axis 0, .1, .2...1 and the Y axis 0 to 1,000,000 where X is MPS and Y is income. Now draw a 45% angle starting at 0. Of course this is not an exact real world representation but as you can see how the higher your income the higher your marginal propensity to save and conversely your lower marginal propensity to consume. So what is the driver of our economy???? Spending/MPC. And in an economic slow down and you want to stimulate the economy would you target MPS or MPC??? MPC. This is the central weakness of Republican’s economic plans...it targets the wrong area of the economy.

I just really think that needs to get out!!