Mike Church Refutes Schumer's Criticism of Reaganomics

[remarkable27]

I just downloaded this mp3 at audiogetnow..com

[99butcher99]

I am not sure if you were around during the Reagan era. I was. I can assure you that you would not want a repeat. I lived through it, I remember how bad it was on the average joe. That was the start of selling off jobs in the public sector to the private sector. Good paying jobs that went to poor paying jobs which in the long run, it has been found actually cost the tax payer MUCH more. Of course, those jobs are gone for ever.

[jbarbou3]

Clinton gore to the credit for a booming ecomony that was set in place by Reagan. yeah it took a while to start working but it has worked. its simple if corporate america have more money they expand and hire more people. i cant get these god damn toothless rednecks where i live to believe it. there all asses thinkin that the dems are for the middle class

[99butcher99]

Reaganomics? The trickle up theory?  Yes, it is working great. The poor get poorer the rich get richer. Works great.

[snobak1]

does work great if you are smart enough to understand but libs self aborted & cannot understand any type of theory

[99butcher99]

I guess you just don't know the theory. The theory is that if you give people who have so much money they can't spend it all a tax break they will some how find that they need to spend more and that will help the economy. If giving the rich these huge tax breaks actually works why to the super rich have more money and the numbers of super poor continue to increase?

[stevecronin]

I think you mean trickle down. And you're right, it's not working great... because we're not using it.

[99butcher99]

no, i mean the trickle up theory. It is working great. the rich get richer the poor get poorer...more like a flood than a trickle. If I have 100,000,000 i am NOT going to spend more because I have an extra $4,000. I am spending all I can or want to already.

[einstin2]

Well this just proves that you are unlikely to ever have 100 mill. It is called reinvestment. You reinvest money into a corporation to get a return on your investment. finally the corporations are not owned by a rich few but are infact owned by a crap load of the middle class and a small subset of rich people. This is where the term stock market comes from. You are buying a piece of a corporation. Then you get dividends. If the rich CEO wants to keep his job he needs to reinvest. simple.

[99butcher99]

just goes to show you don't know many rich folks. They spend spend spend. Giving them another 100,000 does not mean they spend more. If this theory is so good why is the US economy so bad? You will never ever get 100mil by getting dividends. It is mostly luck. You buy low sell high. make a bunch of lucky guesses. The corporations may be owned by the general public, but they do not get the cash. The cash goes to the CEOs and actual owners, who happen to be the super rich.

[einstin2]

??? you just refuted yourself in your own statement.

You said "The corporations may be owned by the general public, but they do not get the cash. The cash goes to the CEOs and actual owners"

You are right that Dividends are not going to get you rich overnight, but with proper management you can live off dividends, and live well. The CEOs are paid a salary that does not change no matter how well their buisness is doing. But his continued employment requires he does well. Most CEOs also...

[99butcher99]

So you think the stock owners are the actual owners?  On paper yes, in reality, not on your life. The owners are the guys getting the million dollar salaries. They are real owners. You are just a pawn in their game.

[einstin2]

Most CEOs also invest in the company they work for. Now they receive a salary, dividends, and enormous amounts of money liying in stocks. Yes the rich get richer, THATS THE POINT!! Remember though, the rich can't get richer unless they produce more wealth and the requires expansion and competition. So wages go up and costs go down. End of story. Read Ludwig von Mises then check back.

[99butcher99]

No they do not. They get stock options which they flog for money when they feel they will get the best bang for their buck.

[einstin2]

I don't even know what to say to you anymore. My argument is there you just deny it as if somehow the reality has changed.If nothing I say can change your mind then this is a waste of time. Read Mises, Ricardo, and Adams if you want to know how economic systmes work. I would suggest Ludwig von Mises though as he is contemporary. Aside from that all I can say is please, do the world a favor and think.

[PiOfFive]

I need to get XM radio

[Sexandtoast]

Its kinda sad that to find any pro Conservative videos on Youtube I have to wade through 213789781239789 Bush is te gay! Great video.