Art Laffer on Cavuto
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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
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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.
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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.
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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.
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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.
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Art Laffer is a negative barometer . . . whatever he says . . . do the opposite!!!! This guy has never been right!!!!
Pay the penny Art!!!!!
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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.
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MORON!!!
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the economy is working beautifully :)
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Then we could all have a "laff" ;-)
Then again, I get tons of chuckles with Comrade "subprime is contained" Paulson.
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Laffer is a JOKE!
Pay up Laffer!
You owe Peter Schiff a penny!
Pay up!
ihavebeenawakened 3 years ago 9
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