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Reply #28: Here are the numbers on Tinkle Down Economics,,- also graphs- [View All]

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mikekohr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-06-11 07:58 PM
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28. Here are the numbers on Tinkle Down Economics,,- also graphs-

-Michael Kingsley-

FEDERAL SPENDING: since 1960 Republicans increased Federal Spending by 71% more than have Democrats

FEDERAL DEBT: since 1960 Republicans have increased the National debt by 100% more per year than have Democrats

GROSS DOMESTIC PRODUCT: since 1921, adjusted for inflation, Democrats outproduce Republicans by 43% . Starting in 1940 the Democratic advantage is 23% better.

REAL PER CAPITA INCOME: since 1960 Democrats have outperformed Republicans by 30%. (This is perhaps the most important economic statistic of all).

INFLATION: since 1960, Democrats outperform Republicans 3.13% to 3.89%.

UNEMPLOYMENT: since 1960 it decreases in an average Democratic year by 0.3% to 5.33%, and increases in average Republican year by 1.1% to 6.38%.

JOB CREATION: from 1945 to 2003, Democrats produced 174,200 jobs per month, Republicans have only produced 60,600 per month. Every time a Democrat succeeds a Republican, job creation soars. Every time a Republican succeeds a Democrat job creation plummets. NO EXCEPTIONS!

DOW JONES AVERAGE: since 1921 the DOW has increased by 52% more under Democratic administrations.
THE BOND MARKET: since 1940 the value of 10 year Treasury bonds rose 1.2% under Democrats and fell 0.5% under Republicans.

SOURCES-Bureau of Labor Statistics, Economic Policy Institute, "Christian Science Monitor," "The Los Angles Times" -Michael Kingsley-

by mike kohr 3/7/2006





-The answer is simple mathematics. Reduced revenue + increased spending ='s increased debt-


The two biggest promises of "Trickle Down Economics" are it's greatest failings. Proponents of "Trickle Down Economics claim that tax cuts, skewed to the rich, will create jobs and increase tax revenues. The graph above disproves the latter claim. Job creation plummets under "Trickle Down Economics

And nine of the last ten recessions have occurred under Republican leadership see

Two things are certain to grow when a Republican is in the White House, unemployment and the National Debt.

By contrast, "Bubble Up" economnic priciples practiced by Democratic Administrations put people to work, rev up the economy, and balance the Nation's ledger books. Every time. No exceptions.

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  -Obama on Trickle Down Economics: It Doesnt Work, It Has Never Worked ProSense  Dec-06-11 06:38 PM   #0 
  - He waits 3 years to start saying this?  louis-t   Dec-06-11 06:41 PM   #1 
  - He's been saying this all along.  boxman15   Dec-06-11 06:45 PM   #3 
  - I'm embarrassed our side doesn't recognize that.  joshcryer   Dec-06-11 06:46 PM   #4 
  - Some people aren't listening.  AtomicKitten   Dec-06-11 07:46 PM   #25 
  - And yet...  kenfrequed   Dec-07-11 09:18 AM   #41 
  - Presidents have more than their families to deal with, e.g. actual enemies out to hurt ANY good you  patrice   Dec-06-11 07:50 PM   #27 
  - So you don't want it now?  ClassWarrior   Dec-06-11 11:32 PM   #38 
  - Actually...  Life Long Dem   Dec-07-11 11:03 AM   #50 
  - Folks don't like being trickled down on.  Graybeard   Dec-06-11 06:45 PM   #2 
  - a shot across the bow?  Enrique   Dec-06-11 06:46 PM   #5 
  - Then why was his "stimulus" plan primarily trickle down?  MannyGoldstein   Dec-06-11 06:50 PM   #6 
  - I think its more of you not understanding what trickle down actually means.  phleshdef   Dec-06-11 06:58 PM   #8 
  - Isn't it handing money to the 1% and believing that what you hand them...  MannyGoldstein   Dec-06-11 07:06 PM   #9 
     - Seems  ProSense   Dec-06-11 07:30 PM   #13 
     - I like that comment by killbotfactory in the Obama's criticism of the extension thread:  joshcryer   Dec-06-11 07:35 PM   #16 
     - Yea, I told someone on here pretty much the same thing just a few days ago.  phleshdef   Dec-06-11 07:37 PM   #17 
     - More importantly, it was a lame duck congress, which passed it.  joshcryer   Dec-06-11 07:39 PM   #20 
     - I disagree a bit.  kenfrequed   Dec-07-11 10:11 AM   #44 
     - +1  young but wise   Dec-06-11 07:41 PM   #22 
     - BINGO!!! That'scalled base building & we're supposed to believe that our own concrete objectiveswill  patrice   Dec-06-11 08:16 PM   #30 
     - the problem is...  kenfrequed   Dec-07-11 09:53 AM   #43 
     - Cutting taxes for the rich is only stimulating when there's not a lot of unused capacity.  WildNovember   Dec-07-11 12:10 AM   #39 
     - Sure. That works. But that wasn't what the recovery act did.  phleshdef   Dec-06-11 07:34 PM   #15 
     - Slam againt the Bush tax cut extension that Obama opposed but compromised on.  joshcryer   Dec-06-11 07:37 PM   #18 
        - I KNOW that particular poster knows that the recovery act and the 2010 tax/ue deal are 2 diff things  phleshdef   Dec-06-11 07:39 PM   #19 
           - Definitely on purpose.  joshcryer   Dec-06-11 07:41 PM   #23 
           - Conflating - happens ALL of the time.  patrice   Dec-06-11 08:21 PM   #32 
     - +1  progressoid   Dec-07-11 05:34 PM   #52 
  - How many conspiracy theories do you actually adhere to??  Major Hogwash   Dec-06-11 07:10 PM   #10 
     - Is there anything specific I've written that you'd like to refute?  MannyGoldstein   Dec-06-11 07:17 PM   #11 
     - I'll take President Obama's word over yours any day of the week.  Major Hogwash   Dec-07-11 09:43 AM   #42 
        - And I will stick to neither of your words  kenfrequed   Dec-07-11 10:17 AM   #45 
           - President Obama's speech was about "trickle down economics", ken.  Major Hogwash   Dec-07-11 10:31 AM   #46 
              - I don't need a bloody article on a speech  kenfrequed   Dec-07-11 10:43 AM   #49 
     - The Bush tax cut extension is basically unforgivable to them.  joshcryer   Dec-06-11 07:24 PM   #12 
        - it's not a matter of not forgiving the extension  Enrique   Dec-06-11 07:40 PM   #21 
        - Certainly parts of it are forgotten, as implied by snarky comments such as that.  joshcryer   Dec-06-11 07:44 PM   #24 
           - that was just a pretext  Enrique   Dec-06-11 07:49 PM   #26 
              - He has still put many proposals on the table that involve raising taxes on the wealthy.  phleshdef   Dec-06-11 08:07 PM   #29 
              - Which is why he denied they would have any stimulus effect even as he was signing it.  joshcryer   Dec-06-11 10:29 PM   #35 
        - AMT? CTC? & revoke DADT and The Dream Act were in the works about then too. nt  patrice   Dec-06-11 08:24 PM   #33 
  - I dunno. I'm a p.s. teacher. *Someone's* trickling on me.  Smarmie Doofus   Dec-06-11 06:55 PM   #7 
  - OK but Obama's stimulus packages don't work either. n/t  jody   Dec-06-11 07:33 PM   #14 
  - What if, 21 months ago, someone asked if you'd be satisfied with 21 months of job growth?  bhikkhu   Dec-06-11 10:36 PM   #36 
  - Went from negative job growth to positive, that "works" for most adults  uponit7771   Dec-07-11 02:33 PM   #51 
  - Here are the numbers on Tinkle Down Economics,,- also graphs-  mikekohr   Dec-06-11 07:58 PM   #28 
  - You are the inconvenient truth. Great post. nt  DCKit   Dec-07-11 08:45 AM   #40 
  - Until he changes the tax system we're still going to be stuck on trickle down.  craigmatic   Dec-06-11 08:18 PM   #31 
  - Then why for the last 3 yrs has almost everything been said or done  glowing   Dec-06-11 09:56 PM   #34 
  - Awesome speech. I loved this: Those arent Democratic or Republican values..."  ClassWarrior   Dec-06-11 11:31 PM   #37 
  - I sort of agree  kenfrequed   Dec-07-11 10:38 AM   #48 
  - A Winner  Johnny2X2X   Dec-07-11 10:31 AM   #47 

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