then for four years you will be the Willardite right wing reactionary self loathing narcissist fighting off the progressive thinking centrists
Worst thing that could happen in US is for the progressive President to win the electoral college as it looks like he will/should but lose in popular vote. Hannity, Beck, Limbaugh et al will never shut up about it.
Well isn't this a kick in the teeth.
http://www.realclearpolitics.com/ep...tions_electoral_college_map_race_changes.html
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Just when Obama was annihilating Romney.
If you want to talk reality another 4 years of Obama won't work. Simply because the GOP won't work with him. The government has atrophied. They can't even pass a budget, three years without one.
but he is ahead in most of those "toss up" states so the election is still his to lose
Yeah, it's all Obama's fault. The GOP should not be held accountable, especially a fine, nuanced leader like Mitch McConnell.
I'm also confident they won't explode the deficit in a period of strong growth, destroy health care, entrench oligarchich fiscal policies, or start another oil war.
then for four years you will be the Willardite right wing reactionary self loathing narcissist fighting off the progressive thinking centrists
Do Tax Cuts Stimulate the Economy?
It seems self-evident that tax-cuts should stimulate the economy. It seems so self-evident, that we discuss the theory as if it were a known fact. We don't even question the claim. But history offers us some evidence that tax cuts don't stimulate the economy.
In 1921 & 1925, major taxes cut were passed. In the following years a stock market bubble formed while working class wages stagnated, then in 1929 the bubble burst and the economy crashed into the Great Depression.
- In 1981 a tax cut was passed. The economy sank deeper into recession and stayed in recession for nearly two years.
- In 1987 major tax cuts were passed. By 1990 growth declined leading into the 1991 recession.
- In 2001 a tax cut was passed, and another rebate was given in 2008. From 2001 through 2008 the economy grew slower than it did in the preceding 8 while a bubble formed in stocks, housing, and executive salaries. In 2008 the bubble burst, and now the economy in sinking into the worst recession since the Great Depression.
So what do we see in the data overall? Perhaps we should look at the data more thoroughly. We start by looking at the marginal tax rate on the richest citizens.
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When we look at the tax rate charged to the richest citizens, we see that low taxes correlate to slow growth. When marginal taxes on the rich were below 40% growth remained below 4.5%. When top taxes were above 65% growth tended to be higher, even going above 6%. Historically, higher taxes on the rich have correlated to higher growth.
Making the comparison:
--------------------------- Max Tax below 40%------Max Tax above 65%
Average Growth----------------3.0%----------------------3.5%
25 percentile--------------------2.5%----------------------2.0%
75 percentile--------------------4.0%----------------------5.7%
Maximum Growth---------------4.5%----------------------8.7%
- Overall, higher taxes on the rich historically have correlated to higher economic growth for the country. It's counterintuitive, but it is the historical fact. Just, to be certain, we can compare taxes to job creation also.
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Again we see higher growth when the marginal tax on the rich is higher. It might seen odd, but that's what history shows us.
Let's look closer at how the economy changed after tax cuts. We can look at how both GDP and employment grew just before the tax cut, and then just after the tax cut. Did they grow faster or slower?
In the last 50 years there were 5 tax cuts to the rich. Three of them were followed by a decline in GDP growth, 3 were followed by a decline in employment growth. The evidence suggests that tax cuts do not promote growth and probably promote decline.
In the last 50 years there was just one tax increase to the rich. After that tax increase both the GDP and employment growth rates increased significantly.
The historical evidence suggests that an economic decline will follow a tax cut to the rich, and economic growth may follow a tax increase to the rich. The evidence suggests that the optimum tax marginal tax rate on the rich is higher than 60%.
Can we make similar conclusions for taxes rates on the middle class and poor?
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For the lower classes, the historical data does not have an apparent pattern. The scatter is wide and fails to show a tendency in either direction.
Historically, taxes on the middle class and poor have shown no correlation to economic growth. Other factors must have greater influence than tax rates.
Prominent conservative author and Obama critic Dinesh D'Souza has resigned from the from the presidency of The King's College, an evangelical Christian liberal arts school based in Manhattan, the college's board of trustees announced Thursday.
The sudden departure comes after days of controversy over accusations of marital infidelity against D'Souza, who reportedly attended a recent event on Christian values with a woman who was not his his wife of 20 years and shared a hotel room with her. .....
Let me get this straight. One party basically takes its toys and goes home, offering zero cooperation. Gridlock.
So, the best practical option (i.e. not voting for a third party) is to vote for the candidate of grumpy party, despite his economic policies that are vacuous fantasies and a foreign policy centered on maintaining a creaking oil empire and Kristian end-of-time rabble-rousing.
Gotcha. Makes sense to me!