Quote:
Originally Posted by John Drake
uh...repealing an act regulating banking is not a fiscal policy? What is fiscal policy by your lights? 
Invading Iraq was a LEFTIST policy???
The tax cuts did not retain more revenue, they were below the Laffer curve, they stimulated less new revenue than they cut.
Obama's present policies only resemble Bush's because he has been trying to push them past the remaining obstructionist Republicans. I don't support them entirely, they are not enough, and this is why they aren't working yet. |
Invading Iraq isn't an economic policy at all. However, the decreasing of taxes is so I focused on that.
Obama has continued with the so-called "stimulus" that he knows isn't going to work so he came out yesterday claiming it was a success because it was only meant to prevent teacher's and firefighters from being laid off.
Fiscal conservatives focus on policy that reflects how people are taxed, their economic liberties, monetary policy, etc.
Bush began TARP and had a stimulus and the conservatives were pissed off about that too. These are economic policies that stem from the left. I'm not trying to point fingers, but a fiscal conservative limits the power of government and empowers citizens with more liberty to allow the economy to grow based off of demand. (in a very tiny nutshell).
However, turning the tables and making me explain is not what this is about (even though it's a clever debating tool). I'm not going to dive into specifics until you offer something that comes remotely close to this statement
Quote:
Originally Posted by John Drake
What do you call it when people make the same mistake over and over and keep on trying to do it, even when the dire consequences of their idiot folly are staring them in the face? oh, insanity, that's right
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The problems you are talking about are poor fiscal choices in some instances, but fighting the Iraq war is nothing compared to the cost of Universal Health Care, cap and trade or the "stimulus" package when compared in the long run. Many of the military costs spent in Iraq in Afghanistan would have been spent anyway (on normal military expenditures), but those costs are included in the figures when they calculate the cost of the Iraq war (which is still less than the government spends on health and human services each year).
edit: For the "banking policy" you're referring to. That is not a left or right policy, just a retarded one. I don't know why they did that. However, the banks that gambled away their money should have had to liquidate in bankruptcy.
The short-term effects that we would feel from returning to true capitalism (lets not make this a discussion about schools and post offices) would be drastic. It would be tough at first for almost everyone, however, in the long-run, after returning to the basic principles of demand side economics, we would all benefit.