this guy is insane! i say that because his emotions block him from the truth. he was brutally proven wrong by peter schiff back it 2006 and he said during the 2008 and 2009, the economy would be doing great, the housing market would still be better than ever and that wealth would continue to grow for all americans. was he right? no Arthur, you failed at your job during that time, you failed, you made it worse and hurt many people. you should stop doing what your doing, for the safety of america.
Isn't Arthur Laffer the man behind 'Trickle down economics'? The last ten years have proven that this is a trickle up economy. Mr Laffer needs to recalulate his theories. BTW, Obama's recovery plan includes $300 billion tax cuts.
Free Market gave us the 1891 and 1929 crashes. The move toward free markets gave created our current problem. Every town needs a sheriff. That's why we have market regulations.
There was a bubble, yes. A great big bubble that most experts knew was going to bust. So what should goverment have done about? Nothing? Should they have pumped more air into that bubble? Should they have let some of the air out so that it would deflat without busting? True Free Market is what they have in Ethiopa. Doesn't seem to work.
You Sir are wrong, we haven't had true capitalism since the early 1900's. We refered to our ecconomy as ' a government regulated modified capitalism' since the 1950's.
Socialism has slowly crept into our ecconomy and corrupted it, and then blames the problem on Capitalism.
Do you want to go back to the start ? How about the progressive actions of peopl elike Ben Franklin, Mother Setton, and Thomas Jefferson,. That predates the use of the term 'Sociaism'.
Everything is done for the benefit of the rich. They run this country with their capital and their laws that they help to create. Every now and then they throw the poor, underclass and uneducated a bone which is sufficent for them not wanting to rebel against the government, but there is more reasons as to why thats not the case. Im not a fan of Obama nor am I hater, I just see things for as they are. Time will tell. And you cant reason someone out of a belief they didnt reason themselves into.
I must agree with this statement n thats why I am glad Hilary didn't end up in office. Do the research, this person is correct. It makes logical sense, just think about. Dont get me wrong, Bush sending us to war didn't make it any better, but when can you do about?? Clinton knew what he was doing, but like anyone as long as you save your own ass thats all that matters. They say sacrifice few to save many in the case of our government its the other way around. Its a shame. The rich gettin richer.
you clearly have not paid attention.. obama proposed a tax cut the same size as mccain and more of it to go to the middle class and lower class, not the upper class.
income taxes still apply to US citizens who earn money overseas. we have problems with tax shelters but I rich people don't have to move overseas to take advantage of them. it is an ongoing fight but one that we are winning... see famous tax cheats like wesley snipes, sunny garcia, and leona helmsely.
Bush came in with the largest surplus thanks to clinton now he is leaving with the largest deficit what a fucking horrible president.There is no way in hell Obama can do worst then him.Bush Fucked up a country that he and I love
this line is what mainstream republicanism has become... it may sell a million books for ann coulter but it won't win elections... republicans will have to do better than this
That's nice. I'm enjoying some delicious fruit salad right now, so I'm not going to bother arguing anyway. There's no point in trying to prove anything to anyone.
Just please stop attacking everyone's opinions. That's the only reason I replied in the first place.
Why don't you all stop whining your asses off and wait to see what he actually does? There's no way any off us can predict what will happen. And even if we could, we can't do anything until he actually messes up!
I'm sorry, but with the incredible financial crisis we're in right now - staring the next Great Depression in the face - this guy NOW is concerned about the national debt??
Where the f#$% was he when times were good and Bush was driving up the debt by leaps and bounds? What a pathetic joke!
Rich people who are biased and don't understand the economy one bit = Republicans. Seriously, we're crashing after 8 years of Bush. Own up or fuck off.
its simple economics people. tax more on upper class, less spending for upp class, less jobs for low-med class. socailist and communisim is the route of all evil.
Historically Democrats have been the bigger spenders. They tend to create government programs that are paid for by tax money. That's just what they do, and they do it in the name of "Change." That, for the most part, is fact.
If you have an educated opinion, I encourage you to speak it. Otherwise leave me be.
Reagan, Bush Senior and G.W. Bush have bankrupted this nation.
These pieces of shit don't understand anything except Spend, Spend, Spend and giving taxpayer money to the rich and powerful while bankrupting the Middle Class.
Hey morons, you voted for these bastards for the wrong reasons.
Yes, you idiots; Abortion, the Bible, and hatred and racism are wrong reasons to vote for a president.
You idiots have now allowed your lifestyle to change for the worst by voting for these idiots.
Laffer was the creator of the "Trickle Down Theory" and the "Laffer Curve".
This buffoon is a MORON of the highest order.
This moron has been wrong so many times that taking him seriously regarding the weather can hurt you, taking him seriously regarding the economy will bankrupt us.
Laffer, you are a joke. Not a good thing to listen to this guy. He doesn't know his economics. Yea, please admit you're wrong and pay Peter Schiff your miserable penny!
watch the fucking video douche bag. Laffer obviously dosent know his facts. He claims Obama will tax like hell, yet he is in support for Hillary Clintion, who has similar tax views as Obama, which has a tax RELIEF plan. Like i said, biased hypocrite.
there you go! i like how you explained yourself this time. last time all you said was biased hypocrite. harsh words but they seemed to have no backing. i'm glad you finally stated a more clear and concise opinion. kudos to you my fellow american haha btw i agreed with you from the start hahahahaha
Laffer is responsible for the end of prosperity. Laffer curve, what a joke. This guy's dinosaur economic theories have destroyed the U.S. economy. He talks about the national debt crippling our economy, well which administrations have ballooned the debt?
this guy is insane! i say that because his emotions block him from the truth. he was brutally proven wrong by peter schiff back it 2006 and he said during the 2008 and 2009, the economy would be doing great, the housing market would still be better than ever and that wealth would continue to grow for all americans. was he right? no Arthur, you failed at your job during that time, you failed, you made it worse and hurt many people. you should stop doing what your doing, for the safety of america.
TylerThrashPeace 1 year ago
Comment removed
collapseofthedollar 3 years ago
Isn't Arthur Laffer the man behind 'Trickle down economics'? The last ten years have proven that this is a trickle up economy. Mr Laffer needs to recalulate his theories. BTW, Obama's recovery plan includes $300 billion tax cuts.
tombstonetom 3 years ago
Comment removed
collapseofthedollar 3 years ago
Free Market gave us the 1891 and 1929 crashes. The move toward free markets gave created our current problem. Every town needs a sheriff. That's why we have market regulations.
tombstonetom 3 years ago
Comment removed
collapseofthedollar 3 years ago
Basic history and economics show us how not to destroy the wealth of our nation. We've forgotten those lessons. Now that is ignorance.
tombstonetom 3 years ago
Comment removed
collapseofthedollar 3 years ago
Comment removed
collapseofthedollar 3 years ago
There was a bubble, yes. A great big bubble that most experts knew was going to bust. So what should goverment have done about? Nothing? Should they have pumped more air into that bubble? Should they have let some of the air out so that it would deflat without busting? True Free Market is what they have in Ethiopa. Doesn't seem to work.
tombstonetom 3 years ago
Comment removed
collapseofthedollar 3 years ago 2
Ethiopa? Are u kidding me? If u think they have free markets there you are an idiot
Invirtuo 2 years ago
Absolutly no regulation of economic markets. No FDIC, No trade regulater, no rules at all, Where? Ethiopa.
tombstonetom 2 years ago
You Sir are wrong, we haven't had true capitalism since the early 1900's. We refered to our ecconomy as ' a government regulated modified capitalism' since the 1950's.
Socialism has slowly crept into our ecconomy and corrupted it, and then blames the problem on Capitalism.
RomanTerrell 2 years ago
Do you want to go back to the start ? How about the progressive actions of peopl elike Ben Franklin, Mother Setton, and Thomas Jefferson,. That predates the use of the term 'Sociaism'.
tombstonetom 2 years ago
The change Obama offers is what we will be left with after he taxes us to death.
adsicks 3 years ago
What garbage.
Vulgate 3 years ago
343firnatine: Yeah, you keep telling yourself that, that the media's all liberal and out ot get you. Retard.
Vulgate 3 years ago
343firnatine, you're an idiot. Your statements are completely groundless. For your own sake, shut the hell up.
Vulgate 3 years ago
Everything is done for the benefit of the rich. They run this country with their capital and their laws that they help to create. Every now and then they throw the poor, underclass and uneducated a bone which is sufficent for them not wanting to rebel against the government, but there is more reasons as to why thats not the case. Im not a fan of Obama nor am I hater, I just see things for as they are. Time will tell. And you cant reason someone out of a belief they didnt reason themselves into.
itheemartian 3 years ago
I must agree with this statement n thats why I am glad Hilary didn't end up in office. Do the research, this person is correct. It makes logical sense, just think about. Dont get me wrong, Bush sending us to war didn't make it any better, but when can you do about?? Clinton knew what he was doing, but like anyone as long as you save your own ass thats all that matters. They say sacrifice few to save many in the case of our government its the other way around. Its a shame. The rich gettin richer.
itheemartian 3 years ago
Whoever is teaching the conservatives to use the internet please stop.
texpeare 3 years ago
you clearly have not paid attention.. obama proposed a tax cut the same size as mccain and more of it to go to the middle class and lower class, not the upper class.
m1spike 3 years ago
rofl! "bush was actually a good president." ROFL!!!! what a joke.
m1spike 3 years ago
income taxes still apply to US citizens who earn money overseas. we have problems with tax shelters but I rich people don't have to move overseas to take advantage of them. it is an ongoing fight but one that we are winning... see famous tax cheats like wesley snipes, sunny garcia, and leona helmsely.
m1spike 3 years ago
Bush came in with the largest surplus thanks to clinton now he is leaving with the largest deficit what a fucking horrible president.There is no way in hell Obama can do worst then him.Bush Fucked up a country that he and I love
cina1196 3 years ago
osama obama is going to send america into a depression
slayerkendra 3 years ago
Aren't you mature.
babyjazspanail 3 years ago
this line is what mainstream republicanism has become... it may sell a million books for ann coulter but it won't win elections... republicans will have to do better than this
m1spike 3 years ago
Went from a spender in Bush to a tax and spender in Obama. Yea.
Damn we fucked up by not electing John McCain...in 2000 and 2008
arnabdas56 3 years ago
Sure is a lot of bullshit rambling around here.
EricToTheScionti 3 years ago
That's nice. I'm enjoying some delicious fruit salad right now, so I'm not going to bother arguing anyway. There's no point in trying to prove anything to anyone.
Just please stop attacking everyone's opinions. That's the only reason I replied in the first place.
BlueMoonPenguin 3 years ago
Why don't you all stop whining your asses off and wait to see what he actually does? There's no way any off us can predict what will happen. And even if we could, we can't do anything until he actually messes up!
BlueMoonPenguin 3 years ago
I'm sorry, but with the incredible financial crisis we're in right now - staring the next Great Depression in the face - this guy NOW is concerned about the national debt??
Where the f#$% was he when times were good and Bush was driving up the debt by leaps and bounds? What a pathetic joke!
TroyOi 3 years ago 2
Rich people who are biased and don't understand the economy one bit = Republicans. Seriously, we're crashing after 8 years of Bush. Own up or fuck off.
radicum 3 years ago
The economy sucking had alot more to do with things that were enacted while clinton was president, the 100% home financing, etc. was all clinton.
jnajay 3 years ago 4
its simple economics people. tax more on upper class, less spending for upp class, less jobs for low-med class. socailist and communisim is the route of all evil.
sleds12 3 years ago
Historically Democrats have been the bigger spenders. They tend to create government programs that are paid for by tax money. That's just what they do, and they do it in the name of "Change." That, for the most part, is fact.
If you have an educated opinion, I encourage you to speak it. Otherwise leave me be.
ccastillo90 3 years ago 4
Reagan, Bush Senior and G.W. Bush have bankrupted this nation.
These pieces of shit don't understand anything except Spend, Spend, Spend and giving taxpayer money to the rich and powerful while bankrupting the Middle Class.
Hey morons, you voted for these bastards for the wrong reasons.
Yes, you idiots; Abortion, the Bible, and hatred and racism are wrong reasons to vote for a president.
You idiots have now allowed your lifestyle to change for the worst by voting for these idiots.
MACKATTACK1970 3 years ago
Laffer is a joke!
Arthur Laffer is a MORON!
MACKATTACK1970 3 years ago
Laffer was the creator of the "Trickle Down Theory" and the "Laffer Curve".
This buffoon is a MORON of the highest order.
This moron has been wrong so many times that taking him seriously regarding the weather can hurt you, taking him seriously regarding the economy will bankrupt us.
A moron this laffer fellow is.
MACKATTACK1970 3 years ago
Laffer, you are a joke. Not a good thing to listen to this guy. He doesn't know his economics. Yea, please admit you're wrong and pay Peter Schiff your miserable penny!
5K2aM 3 years ago
What's with the cheesy musak? It belongs in a motivational video or infomercial.
n0m1c 3 years ago
Arthur Laffer is a biased hypocrite.
GTzeroH 3 years ago
any amount of proof would be great. btw i'm not rep or dem so don't even try to pull that shit.
ccastillo90 3 years ago
watch the fucking video douche bag. Laffer obviously dosent know his facts. He claims Obama will tax like hell, yet he is in support for Hillary Clintion, who has similar tax views as Obama, which has a tax RELIEF plan. Like i said, biased hypocrite.
GTzeroH 3 years ago
there you go! i like how you explained yourself this time. last time all you said was biased hypocrite. harsh words but they seemed to have no backing. i'm glad you finally stated a more clear and concise opinion. kudos to you my fellow american haha btw i agreed with you from the start hahahahaha
ccastillo90 3 years ago
Laffer is responsible for the end of prosperity. Laffer curve, what a joke. This guy's dinosaur economic theories have destroyed the U.S. economy. He talks about the national debt crippling our economy, well which administrations have ballooned the debt?
Reagan,Bush and Bush!
wervasdeferens 3 years ago
Laffer curves 101.
1. Figure out that if you set the tax rate to 100% then no one will work.
2. Draw round curve.
3. ???
4. Profit
Its like a strawman and a wedge all wrapped up in devious picture with a ROUND curve.
CognosSquare 3 years ago
Oh yeah - and the letter saying he was right and you were wrong !
artdeco101010 3 years ago
Hey Laffer - Peter Schiff wants his penny bitch!
artdeco101010 3 years ago
It's the "conservatives" that are socializing losses.
thereallurker 3 years ago