not learn my economics from you, thats for sure.
The Ted Cruz Thread - Page 44
No you didn't. Look at when Reagan ran for President. What college of economists agreed with him? The stock market before him was ridicules because of the persuasive wrong theories taught in these colleges. The problems with colleges is they teach people what to believe instead of going out to find out what is going on. The famous words come to light here. "The blind leading the blind." It seems to me you did exactly your lessons- believe what you were told by them. There are a few economists who show us a few methods that work and then say, "Go and develope your own methods that work." In other words, don't be tied to your school lessons of, "Believe us". And, yes, I did notice certain taxes create recessions. Not all taxes, but some do. What Rubio doesn't understand is that taxes can be a tool in a number of ways he hasn't thought of, or anyone has explained to him. So I'm not keen on voting for him as a republican. But, so many democrats kill the economy over and over again. Economy you do something now and when does the results show up as to plus or minus? How many people follow through? How many know how to follow through? Ph.D means nothing.
Yeah, theres such a lag with a lot of economics actions and so many factors that its hard to tell which was successful/the root.
And if you do agree though with the Economist, you can't say 'the democrats were at fault'. (not that you did piob)
I can't link to it because I'm at work, but there are a few economic studies that show while voters are generally rational, voters credit or blame incumbent politicians for sudden macro-economic events, like a credit crises or a sudden drop in oil prices.
Also, there is research that indicates that while the upper income brackets benefit more from positive economic growth and outlook it is because they tend to be variably compensated on performance (stock options, etc), the lower quintiles also benefit from economic growth. That being said, subsidizing the rich doesn't increase growth and just increases rent seeking activity.