Mike Church Refutes Schumer's Criticism of Reaganomics

Senator Charles Schumer proclaims Reaganomics is a dead and failed policy. Mike Church torches this falsehood on his radio show. Check out more at MikeChurch.com

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[remarkable27]

I just downloaded this mp3 at audiogetnow..com

[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.

[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.

[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.

[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.

[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]

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]

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.

[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