Reagan Economic Adviser Arthur Laffer on America's Financial Future

[Combat79]

why would anybody listen to this guy on economics? in 2006 he debated Peter Schiff and said there was no way the housing bubble was going to collapse and that we were in as good an economic shape than ever... good prediction...how'd that turn out for ya?

[PeterTattersall46]

I wouldn't let this arsehole run a newspaper stand for me.

[force3264]

Obama is Reagan on steroids. More spending without tax increases. I want a smaller govt. The one Reagan promised but never delivered.

[drandydds]

This guys was so off when debating Peter Schiff. This guy is full of it.

[Hokitt]

He´s a joke. Remember his debate with Peter Schiff in 2006.

[rolgorevene]

This guy said in 2006 the us economy had never been better.

WTF does this idiot know?

[MACKATTACK1970]

Arthur Laffer is a joke.

.

A man who has been wrong on so many occassions that to listen to this turd speak is to waste your life and money all at once.

[Pambie36]

Rather humorous, don't you think, with all the right wing FAUX talking heads comparing Obama to Hitler? I guess there are a good deal of poorly educated, lower class Americans who actually ENJOY being trickled on. It's clear that what we have today is corporate welfare and it is absolutely clear that Reagan's policies did NOT work.

[Pambie36]

The so-called *Heritage Foundation* is actually a right-wing propaganda machine. These phony corporate propaganda *foundations* are a front to convert the masses to their way of thinking (much like Joseph Goebbels during WWII). Check out who is funding the *Tea Party.* The *trickle down* economic policies of Reagan, one of the worst presidents in history, are directly responsible for the economic collapse you see today. *Trickle down?* More like trickle UP.

[HeritageFoundation]

@Pambie36 Godwin's law at work.

[HoGraz]

@HeritageFoundation Good one Satan! :)

[Fuctmentality]

@HeritageFoundation More like reality at work. & You should look up godwin's law. It involves discussion, not criticism .

[freeadplanet]

Why the heck would anyone listen to this guy? Look up peter schiff on you tube and you will see peter schiff schooling this guy in 2006-2007 that the economy was about to collapse. This guy Laffer is a laughing stock for saying peter schiff was crazy for even concidering it.

[bobby4500]

mr laffer you are a joke

you got smoked by peter schiff

[abeoable]

Sleep it off moron.

[222grayson]

I like this video. Reagan is the greatest president in modern history

[GOPtrollmaster]

We need to stop our out of control borrow and spend policies on helping the American people and return back to the good old days where we borrow and spend on supporting the Military Industrial Complex. Vote Republican in 2010 to make this a reality.

[FactCheck2009]

treid100182 Who's heritage ?

Heritage Foundation is a right wing group of foil hat wearing buffoons who spare no expense at disseminating progoganda and trying desparetley to pass it off as factual. They are, in fact , a group of ignorant, racist, zealots hell bent on ruining this country. They are brought to you by the same people who brought you the John Birch Society years ago.

[treid100182]

who's heritage???

[HeritageFoundation]

@treid100182 You can learn more about the Heritage Foundation at our website: heritage (dot) org

[Mumon7]

does this work?

[MrShaft2010]

the financial crisis would have threatened the whole system, had the banks been allowed to belly up. No one knew how deep the problem was, all them banks stopped issuing loans, some countries dropped like rock. The 2000 recession was essentially kicked to 08, by drastically cutting tax to the rich and leaving the interest rate to zero, hence the 2000 recession was somehow avoided at the expense of 2008, thanks to two wars and the activation of zero interest rate, which postpond the crisis to 08.

[default013]

I love Laffer but I have to admit that IMHO he did lose the bet with Schiff. Something to keep in mind is that while most of these posters would like you to believe that Schiff and Laffer have vastly different political / economic philosophies - they actually do not. Laffer belongs to the Reaganomics school; supply-side economics. Schiff belongs to the Austrian school which has largely replaced supply-side as the right wing's economics philosophy of choice. Furthermore Schiff is also Republican.

[Wormtail81]

If by "tight money" he meant "loss money," then yes, the Fed precipitated the crisis, among other factors.

[thane17]

Art Laffer DID make a bet with the brilliant economist Peter Schiff and lost! Laffer was completely blindsided by this collapse. If anyone watching wants to see someone truly brilliant youtube Peter Schiff.

[truthsabre7]

Arthur lost a bet to Peter Schiff and never paid him and denied he lost.

[chrishpippin]

francescorengifo

What President since Reagan hasn't been a pawn of Goldman Sachs. GW Bush? Obama? Not those two. Maybe Bush 41 and Clinton, but I doubt it.

[capitalist4life]

Why would anyone trust this guy about predicting anything?

watch?v=IU6PamCQ6zw

He has decent rhetoric, but he is not a great predictor.

[ForTehNguyen]

he still owes peter schiff some money from that bet

[Depletethestate]

lol now he admits the fed created the bubble yet he was denying it before this man was a cheerleader for the housing bubble atleast he's wised up or thats just how corrupt he is

[francescorengifo]

Regan was a puppet who was controlled by Goldman and Sachs. not really a good idea to use Regan as a role model. The poor guy suffered Alzheimer through out most of his presidency

[Auggie56]

@francescorengifo

Your source for this lie ?

[francescorengifo]

@chrishpippin yes many were pawns for goldman and sachs

@Auggie56 I can't tell you my source because then they might come after me. but I can tell you that the sad thing is that Regan was really manipulated. A man who had true desires for America but given false policies through his "people" because he was suffering a terrible illness. Oh and Aluminum gives people Alzheimers. FYI

[Auggie56]

@francescorengifo

Like I said, it's a lie. (shakes head)

[Auggie56]

@francescorengifo Michael Moore ? The self identified communist ? (laughing)

[francescorengifo]

I recommend watching the new Michael Moore Movie Capitalism: A Love Story if you want to know more about all of this

[schmij8]

Come on.