Archives for posts with tag: Kemp

When Forbes, of all magazines, says “Obama kicks Reagan’s ass”, or words to that effect, you know that the Supply-Siders are totally f***ed. And that they suck dead elephant d***s. And are too f***ing stupid to realize how stupid they are.

But Big Business follows data, and data proves that Voodoo Economics is a giant, stinking heap of dinosaur bollocks:

Bob Deitrick: ”President Reagan has long been considered the best modern economic President. So we compared his performance dealing with the oil-induced recession of the 1980s with that of President Obama and his performance during this ‘Great Recession.’

“As this unemployment chart shows, President Obama’s job creation kept unemployment from peaking at as high a level as President Reagan, and promoted people into the workforce faster than President Reagan.

President Obama has achieved a 6.1% unemployment rate in his sixth year, fully one year faster than President Reagan did. At this point in his presidency, President Reagan was still struggling with 7.1% unemployment, and he did not reach into the mid-low 6% range for another full year. So, despite today’s number, the Obama administration has still done considerably better at job creating and reducing unemployment than did the Reagan administration.

Big businesses may not like Obama, but they (unlike brain-dead ideologues like Ted Cruz) can read a balance sheet. They know that good old-fashioned math-based accounting proves that supply-side economics is deader than a doorknob. So too do most normal Americans.

Why, then, does our nation persist in its apparent infatuation with such a bankrupt ideology? Simple: the Teabaggers who are dumb enough to buy the voodoo potion turn out and vote; and the precious few in the business world who are profiting by the Reagan-era policies spend lots of money buying elections for ideologues like Ted F***ing Cruz.

Sad to say, mere facts and common sense matter litlle when politics rears its ugly head. This writer hopes that you, Gentle Reader, will at least consider facts when you express opinions and cast ballots. The same facts that even the Repubs at Forbes are acknowledging.

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.

Mr. Blunt and Cranky has been saying that the Supply-Side Voodoo Economics theory that “Republicans” have been pushing for the past few decades is a bunch of mule muffins, and has further challenged adherents thereof to provide impartial proof otherwise. Thus far, no Pro-Trickle proof has been presented.

Meanwhile, the Congressional Research Service (said Congress being under the effective control of the Repubs, mind you) has just put out a report saying that the Reagan/Bush/Romney plan does not work, and has never worked. The first link is a summary news story; the second is the actual report, suitable for OCD data freaks like your humble correspondent.

http://finance.yahoo.com/blogs/daily-ticker/tax-cuts-wealthiest-don-t-stimulate-economy-report-160714639.html

http://graphics8.nytimes.com/news/business/0915taxesandeconomy.pdf

Here’s the money quote from the Congressional Research Service:

“The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie.

However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution”.

All y’all got that? The Romney/Ryan plan will do nothing to create jobs or boost the economy. It WILL, however, make those two rich f***s even richer, along with their cronies. They are pushing a plan that will screw us all, while lining their own pockets.

You might not call that criminal behavior –  politicians running on a platform that enriches themselves at the expense of the nation they profess to “serve”. This writer does. And if you vote for them, you’re just as guilty as they are.

Mr. B & C