The Search For Intelligent Life
One core component of intelligence is the ability to learn. If a person hasn't changed their ideas about the economy since the current economic crisis then they can't learn, or they are out of touch with reality.
I was wrong about the level of corruption of business executives. It turns out the level of corruption among business men is so great as to jeopardize the system. Many people who run companies are looting them, and spending most of the money they steal on whores and cocaine.
I knew we were headed for trouble anyway because the great depression of 1929 was caused by the Republicans cutting regulations, government spending and taxes. In 3 years the New Deal cut the rate of unemployment from 20% to 9% but those who wish to destroy capitalism and democracy say the New Deal made things worse.
Here is how it works. There are two groups the Demand Siders and the Supply Siders:
Demand Side: People like Jimmy Carter argue that if all the money is taken away from Businesses and given to Consumers than Businesses will produce an infinite amount of goods to get the money back. The problem with Demand Siders is they are too stupid to know that if Businesses have no money they cannot produce anything. Jimmy Carter almost destroyed the US economy with his stupid ideas.
Supply Side: People like George Bush argue that if all the money is taken away from Consumers and given to Businesses then those Businesses will produce an infinite amount of goods because they always use all the money, they have to produce more goods. The problem with Supply Siders is they are too stupid to know that if Consumers have no money they cannot buy anything. George Bush almost destroyed the US economy with his stupid ideas.
Another core component of intelligence is the ability to think of more then one idea at a time. Both Demand Siders and Supply Siders are equally right and equally wrong; the answer to our economic problems lies in a balance between the two. Both Consumers and Businesses need money and without it our system will die.
I was wrong about the level of corruption of business executives. It turns out the level of corruption among business men is so great as to jeopardize the system. Many people who run companies are looting them, and spending most of the money they steal on whores and cocaine.
I knew we were headed for trouble anyway because the great depression of 1929 was caused by the Republicans cutting regulations, government spending and taxes. In 3 years the New Deal cut the rate of unemployment from 20% to 9% but those who wish to destroy capitalism and democracy say the New Deal made things worse.
Here is how it works. There are two groups the Demand Siders and the Supply Siders:
Demand Side: People like Jimmy Carter argue that if all the money is taken away from Businesses and given to Consumers than Businesses will produce an infinite amount of goods to get the money back. The problem with Demand Siders is they are too stupid to know that if Businesses have no money they cannot produce anything. Jimmy Carter almost destroyed the US economy with his stupid ideas.
Supply Side: People like George Bush argue that if all the money is taken away from Consumers and given to Businesses then those Businesses will produce an infinite amount of goods because they always use all the money, they have to produce more goods. The problem with Supply Siders is they are too stupid to know that if Consumers have no money they cannot buy anything. George Bush almost destroyed the US economy with his stupid ideas.
Another core component of intelligence is the ability to think of more then one idea at a time. Both Demand Siders and Supply Siders are equally right and equally wrong; the answer to our economic problems lies in a balance between the two. Both Consumers and Businesses need money and without it our system will die.
Labels: 1929, Bush, capitalism, Carter, cutting taxes, Demand Side, democracy, Democrats, depression, employment, government spending, New Deal, Obama, Republican, Republicans, Supply Side
posted by flamestarrants | 6:34 AM
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