Quote:
Originally Posted by Soriak  Hah, you have to pick your fights 
Plus, he'd have a hell of a time finding evidence favoring McCain on economics. Goolsbee (Obama's economic adviser) and Holtz-Eakin (McCain's adviser) met for a small debate round about tax policy. Goolsbee went first and pretty much ripped McCain's plan to pieces. When H.E. got his chance to counter, all he could come up with was saying that tax policy isn't everything. He's a bright guy, you'd think he could offer something...
McCain also seems to believe that lowering taxes leads to more government revenue. At least that's what he himself said (prefaced with the condescending "as everyone knows...") and one of his advisers confirmed... except Holtz-Eakin says McCain doesn't actually believe that. The false impression is simply because McCain has to simplify things for the audience... huh? This is rather fundamental. Either you think lowering taxes raises revenue more than the cost of the tax cut, or you don't. The latter is backed by studies, the former is wishful thinking. (Wouldn't it be nice to have lower taxes and more revenue?) |
Wishful Thinking? You sucked that fucking CBPP revisionism so much that you imagine you can argue enough rhetorical acrobatics that even OBAMA himself has failed to explain how in EVERY instance capital gains were lowered, the Laffer curve was confirmed. What did Obama say to disprove the Laffer effect during Reagan's, Clinton's and Bush's administrations and their respective cuts on Capital Gains?
Oh right, he DIDN'T address it, he went and blubbered about class warfare and exposed his astonishingly flimsy grasp of finance markets:
And with what evidence have you given us that Obama's keynesian policies will work, has worked or has EVER worked when even around YOUR neck of the woods command economies are rapidly receding in favor of privatization? Obama can no more answer a straight question about why cutting taxes on investment capital IMPROVED the economy anymore than he can explain
how the Bush tax cuts yielded not one but TWO years of the highest government revenues in American history. Instead, he clings to CLASS-WARFARE to promote the delusion that poisoning the economy is some kind of JUSTICE.
Did Goolsbee, whose ONLY accomplishments is to win a couple high-school debates and publish a coffee-table
layman's guide to macro-socialism fail to coach Obama sufficiently on the market conditions that showed how in EVERY INSTANCE TAXES WERE LOWERED ON WEALTH-CREATION, the government generated more tax revenue from those same sectors? Maybe Goolsbee is actually smarter than he sounds and decided not to harp on the CBPP's preposterous revision of reality wherein corporate restructuring costs elevated tax revenues enough to explain it?
I've met Goolsbee, he gave some lectures in the Gleacher center and the only thing even remotely admirable about the guy is his taste for interns, his flashy suits and... well... no not even his suits really. The dude is a fucking keynesian HACK and you think he somehow compares to McCain's use of Arthur Laffer, whose economic policies in the Reagan Era
WON THE COLD WAR?!?
No? Nothing? What you're not even gonna stroke Joe Stiglitz now, whose dire pronouncements about the Bush Tax Cuts have swerved from disaster today, to disaster in 2009 and now all the way to disaster in 2012 because in each instance disaster didn't come until the French deliberately sabotaged our mortgage sector?
