Archives for posts with tag: curve

This blog sneers ofttimes at “Republicans” and their stupid-f*** “supply-side” economics. (Here is one example of said mockery.) The gist is: tried and true data-based economic practices are the way to succeed, and Randian, Lafferesque Voodoo economic policies are the way to fail.

In Kansas, one of several states that have decided Ayn Rand was the false Goddess they shall worship, Voodoo economics have had the result most of those in the Reality-Based community have predicted:

In Kansas, the right wing has completely run the show in the state capitol since the 2012 elections, when Sam Brownback (who became governor two years earlier) led a purge of moderate Republicans who were acting as a brake on his agenda in the state Senate. Kansas is now a laboratory for what would happen if conservative Republicans gained full control of government. Empowered state Republicans slashed taxes for the rich, arguing that an economic boom would follow. It didn’t, as job growth in Kansas has underperformed the national average (as has Scott Walker’s Wisconsin, another state that moved hard right around the same time). But what did follow was a huge hole in the state’s budget (while liberal-dominated California is running a surplus and paying down debt).. (Emphasis via Cranky)

In state after state, the predicted results have occurred: Voodoo economics have created a sort of Zombie economy. What might seem just a mildly amusing turn of phrase is in fact a devastating blow to those of us not in the 1% (said 1% motherf***ers not being in the least incommoded by the Undead Economy). The economy is limping along, barely alive as far as most of us can tell, and that is not a sustainable path.

In Kansas, Wisconsin, Ohio, and indeed across the nation, we see the results of “Republican” policies: and rotten results they have proven to be. Using millions of people to test their voodoo theories was unethical at the outset, and has since sucked most of the life our of our economy.

Unlike the zombies one sees in movies, our Repub-afflicted economy can be healed and brought back to life. All that is needed is to lay off the voodoo, apply some healthy policies, and the rotting ambulatory corpse of our nation will be restored to health.

And the first step of that cure? Get out and vote. Vote against each and every “Republican” in every race, in every location. Banish the witch doctors and bring back the trained, educated professionals that had served us so well for centuries. Ditch the dream of Supply-Side, and awaken to reality.

That ‘dream’ turned out to be a nightmare the likes of which even Romero could never have envisioned, anyway.

Mr. Blunt and Crankly

A return of $1.61 on a $1.00 investment is awesome, and you just can’t beat it. So why do all the “run our government like a business” types oppose it? Anybody with any actual business experience knows that you can’t hardly get that kind of bang for the buck.

The answer, alas, is that the right-wing nutjobs who oppose UI are uniformly incapable of doing basic math. The lot of them live in a fantasy world full of Ayn Rand and Laffer Curve claptrap, acting as if their fervent belief will somehow make their crazy ideology come true. Belief is NOT a substitute for actual numbers on investment and returns.

Speaking of investment; looking for a job costs money, and it is money well spent. As ChisholmTrailDem reports:

The last time I searched for a job my expenditures for just that purpose, while on UI mind you, was nearly $3000, most of it on fuel to go looking for a job, before I finally found one. And all of that came right out of my UI benefits, right along with all my other financial obligations.

No one seems to be talking about the cost of looking for a job. And those expenses come right out of UI checks. Now, not only can these people who have lost UI benefits not pay their bills, they also now have no money to look for a job.

Once again, Business 101; you have to spend money to make money. Teapublicans seem to think that money magically appears if you think it will. In reality, if you have no money to invest, you’ll get no return.  People need Unemployment Insurance to invest in finding a job. So if you want people to earn a living, then Someone. Must. Provide. The. Capital. Required. That, friends, is how business works.

And there isn’t anybody else out there who is providing that investment. Not neighbors, not churches, not anybody. If the Government wants fewer people on public assistance, then the government must invest in getting people to work. Spending nothing provides nothing in return.

Spending money on Unemployment Insurance provides a proven and positive return. So the Repubs need to shut up, nut up, and pony up.

Mr. Blunt and Cranky

This week, the Crown O’ Polished Turds has thousands of worthy recipients: anyone and everyone who still pushes Austerity as a solution for an economy in recession. It hasn’t worked, doesn’t work, and won’t work in the future. Like Supply-Side economics, it is a theory with no supporting evidence and lots of information proving it wrong.

Recent examples include Greece and the rest of the EU, as well as Great Britain. The record pretty clearly proves that Austerity Does. Not. Work.

So to all the s*** heads pushing yet another reverse-Robin-Hood scam, we present even more s*** to put on top of your noggins. Wear it with pride, and to warn the rest of us of your approach.

Mr. B & C

PS: remember the huge 1991 Japanese recession, where they tried Austerity to fix the economy? They are STILL in a recession, 22 years later.