Cavuto is such a shameless SHILL for these kind of economic policies that have been proven NOT to work. I don't know where he gets off saying they were successful - 1987's stock market crash happened on Reagan's watch, the recession that followed in George H.W. Bush's years was also the result of their failed policies.
too much spending and some borrowing caused the problem. IF they didn't spend so much and IF they cut most other useless government programs, those policies would've worked...
But u just can't keep spending and barrowing...
The man is right about Clinton. Although NAFTA was bad--the Bureau of Labor Statistics shows the Clinton success. Well, we can thank the balanced budget under Clinton happened cus of a REPUBLICAN congress...
Over all, it's always the massive spending that kills.
This is a blanket statement that has little to back it up. It all depends on what the borrowing/spending is being spent on.
FDR borrowed and spent tens of billions and the result was an upturn until 1937 when a Republican Congress forced him to cut spending, and the economy slid down again until World War II.
Reagan and George W. Bush's spending only benefited the top one percent, adhering to Laffer's notion of supply-side economics. In every case this spending led to overinflated markets.
according to the Bureau of Labor Statistics and the Census Bureau, many did benefit from Reagan.
supply-side economics is not about spending, it was Reagan who decided to spend more and his congress never cut useless goernment programs. I could list several leaders-not from the U.S.-who have succeeded cus of supply-side.
As for FDR, the economy could've made a great, quick, recovery if supplt-side economics was used. Soem say supply-side caused the Great depression, but thats also false.
don't believe me about the BLS and Census? Just check their online websites. It was spending and higher taxes which Reagan was forced to do (Cus his congress didn't cut government spending) that lead to the stock market crash. -- FACT.
It was NOT supply-side. U obviously don't know what supply-side truly is... Reagan said he didn't like the idea of high military spending, but at the time it was a nessesary evil... FACT
Whoever listens to this guy should kick themselves in the head. Whoever sees this guy in public should approach him and thoroughly kick his ass. Peter Schiff warned everyone 2 years ago and NO ONE listened to Peter. Correction, I listened to him and now am LMAO at all the losers who didn't.
HA! When pigs fly! Laffer does not have the integrity to do so. Laffer should be running around with an "I'M SORRY, MR. SCHIFF!" sign tacked to his backside. Peter TROUNCED him, and he owes that penny. (AND a public apology).
Laffer is one of the fathers of Voodoo economics and the architect of the fake, debt-led boom in the 80s. This also led to a banking collapse, deficit crisis and a deep recession in the 90s.
So yeah, it makes total sense to take economic advice from him!
You'll change your mind if you watch the interview he did on Kudlow in 2006 along side Peter Schiff, he said there was no recession coming and that monetary policy is spectacular. He's just a bandwagon hopper.
Cavuto is such a shameless SHILL for these kind of economic policies that have been proven NOT to work. I don't know where he gets off saying they were successful - 1987's stock market crash happened on Reagan's watch, the recession that followed in George H.W. Bush's years was also the result of their failed policies.
mikepalomino 3 years ago
too much spending and some borrowing caused the problem. IF they didn't spend so much and IF they cut most other useless government programs, those policies would've worked...
But u just can't keep spending and barrowing...
The man is right about Clinton. Although NAFTA was bad--the Bureau of Labor Statistics shows the Clinton success. Well, we can thank the balanced budget under Clinton happened cus of a REPUBLICAN congress...
Over all, it's always the massive spending that kills.
Stoyakovick47 2 years ago
This is a blanket statement that has little to back it up. It all depends on what the borrowing/spending is being spent on.
FDR borrowed and spent tens of billions and the result was an upturn until 1937 when a Republican Congress forced him to cut spending, and the economy slid down again until World War II.
Reagan and George W. Bush's spending only benefited the top one percent, adhering to Laffer's notion of supply-side economics. In every case this spending led to overinflated markets.
mikepalomino 2 years ago
according to the Bureau of Labor Statistics and the Census Bureau, many did benefit from Reagan.
supply-side economics is not about spending, it was Reagan who decided to spend more and his congress never cut useless goernment programs. I could list several leaders-not from the U.S.-who have succeeded cus of supply-side.
As for FDR, the economy could've made a great, quick, recovery if supplt-side economics was used. Soem say supply-side caused the Great depression, but thats also false.
Stoyakovick47 2 years ago
don't believe me about the BLS and Census? Just check their online websites. It was spending and higher taxes which Reagan was forced to do (Cus his congress didn't cut government spending) that lead to the stock market crash. -- FACT.
It was NOT supply-side. U obviously don't know what supply-side truly is... Reagan said he didn't like the idea of high military spending, but at the time it was a nessesary evil... FACT
Stoyakovick47 2 years ago
Art Laffer is a negative barometer . . . whatever he says . . . do the opposite!!!! This guy has never been right!!!!
Pay the penny Art!!!!!
UpTick21 3 years ago
Art Laffer's such a genius
You should read his book "the end of prosperity".
He saw this economik collapse happening from a mile away.
kkklownknight6699 3 years ago
MORON!!!
ipe9578251 3 years ago
the economy is working beautifully :)
ismuks 3 years ago
i bet you a penny that you are a twat!
tommyenglish1 3 years ago
Art "The Ass" Laugher, what an IDIOT!!!!
This guy is in the Top 100 most STUPID people on earth for sure!!!
ytube2000z 3 years ago 2
Arts father should have rolled his mother over and wasted him up her arse !
guslingus 3 years ago
Laffer should be the treasury secretary.
rosewood223 3 years ago
Then we could all have a "laff" ;-)
Then again, I get tons of chuckles with Comrade "subprime is contained" Paulson.
DoctorJohnJGibbons 3 years ago
Laffer pay the penny
NewVisionGlass 3 years ago 3
Whoever listens to this guy should kick themselves in the head. Whoever sees this guy in public should approach him and thoroughly kick his ass. Peter Schiff warned everyone 2 years ago and NO ONE listened to Peter. Correction, I listened to him and now am LMAO at all the losers who didn't.
44like24 3 years ago 4
This guy is a fuckin moron. If you do business with Laffer Associates you are also a fucking moron.
The only question that should ever be asked of this ass clown is if he paid Peter Schiff that bet he owes him.
fatmoleman 3 years ago 4
Laffer is a JOKE!
Pay up Laffer!
You owe Peter Schiff a penny!
Pay up!
ihavebeenawakened 3 years ago 9
What an appropriate setting for this idiot crook: Fox and Cavuto!
abeica 3 years ago 3
Did Laffer pay Peter Schiff the penny he owed him after Peter Schiff embarrassed him back in 2006. Laffer is a JOKE.
jeffpad520 3 years ago 5
HA! When pigs fly! Laffer does not have the integrity to do so. Laffer should be running around with an "I'M SORRY, MR. SCHIFF!" sign tacked to his backside. Peter TROUNCED him, and he owes that penny. (AND a public apology).
engine2truck6 3 years ago
Oh good. Art Laffer.
He'll help to make sense of it all...
shakeyphil 3 years ago
The G-Morons haven't published M3 (all US dollars in) in two years because they're too scary.
Paper not backed by sweet f ...all is worth only the avoidance of getting stinky fingers, when you wipe your ass.
I just want to see when you bright boys don't come up with the interest payment on Foreign debt.
I'll get it to ya next week I promise...no Tony not the little finger please...
boots920 3 years ago
Laffer is one of the fathers of Voodoo economics and the architect of the fake, debt-led boom in the 80s. This also led to a banking collapse, deficit crisis and a deep recession in the 90s.
So yeah, it makes total sense to take economic advice from him!
badnewswade 3 years ago 2
people in reagan's days had common sense and this guy proves that. good interview.
stshell 3 years ago
You'll change your mind if you watch the interview he did on Kudlow in 2006 along side Peter Schiff, he said there was no recession coming and that monetary policy is spectacular. He's just a bandwagon hopper.
bball44j 3 years ago 2
thx for that.. didn't realize, i'll check it out. always good to measure commentary alongside peter schiff
stshell 3 years ago
youtube*com/watch?v=LfascZSTU4o
undone4937 3 years ago
that didnt work
try adding this to the end of youtube*com with no spaces
/watch?v=LfascZSTU4o
undone4937 3 years ago
Go search Peter Schiff Laffer and see how much common sense he really has. He was about as wrong as one can be!
brucec43 3 years ago 3