The London riots are a cautionary tale for us / by sylvia kronstadt

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Registered: 03-14-2011
The London riots are a cautionary tale for us / by sylvia kronstadt
58
Wed, 08-24-2011 - 10:22am
It simmered so long, it was bound to be strong
iVillage Member
Registered: 07-09-2011

"And now the righties want them lowered further, to bring on a Greater Depression????"

I've observed it is common for the left to somehow equate low taxation with economic instability/depression even though there's no evidence to support such thinking. My, if low taxes allowed the country's economic to flutuate so wildly, we certainly must've been very very lucky our first 150 years weren't we?

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Community Leader
Registered: 01-25-2010

Please study economics!

dragowoman

iVillage Member
Registered: 03-30-2007

Ever pay the game Monopoly?

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Community Leader
Registered: 01-25-2010

Yes neither rich or poor benefit from this redherring.

dragowoman

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Registered: 07-09-2011

"Please study economics!"

What have I said regarding economics that is in error?

iVillage Member
Registered: 07-09-2011

"They have no money for anything.

iVillage Member
Registered: 11-11-1999

For

dablacksox


Cynic: a blackguard whose faulty vision sees things as they are, not as they ought to be.---Ambrose Bierce, The Devil's Dictionary.

iVillage Member
Registered: 07-09-2011

"there is no pattern of recessions over the last 20 years getting longer"

You're right, the pattern is for 30 years, not 20. My mistake.

iVillage Member
Registered: 11-11-1999

You're right, the pattern is for 30 years, not 20. My mistake.

You are still wrong. Reagan's recession in 1981 lasted 16 months, Bush43s recession in 1990 lasted 8 months, Bush 43s first recession in 2001 lasted 8 months and Bush 43s second recession in 2007 lasted 16 months. This isn't a pattern of ever longer recessions.

Oh, yesh... Cherry picking growth immediately after a major depression and attempting to attribute it to the president at the time. Very convincing . 

How un right wing of me not to ignore the most important economic indicator in order to make a point. And my statement was GDP growth averaged 5.2 % over the course of the 30s, hardly "immediately after a major depression".

dablacksox


Cynic: a blackguard whose faulty vision sees things as they are, not as they ought to be.---Ambrose Bierce, The Devil's Dictionary.

iVillage Member
Registered: 07-09-2011

""You are still wrong. Reagan's recession in 1981 lasted 16 months... This isn't a pattern of ever longer recessions."

Why do you not bother to look at the time it takes to recover from those recessions? Here's that handy chart that failed to load:

http://blogs.middlebury.edu/presidentialpower/files/2010/11/economic-recession1.jpgtarget="_blank">http://blogs.middlebury.edu/presidentialpower/files/2010/11/economic-recession1.jpg

Every one for the last 30 years has progressive [sic] gotten worse and worse.

"And my statement was GDP growth averaged 5.2 % over the course of the 30s, hardly "immediately after a major depression"."

Like I said, cherry picked.