Monday, December 5, 2016

Bill Black — Jobs, Jobs, Jobs – Not Austerity


Democrats under the spell of Rubinomics consign themselves to the political wilderness.

New Economic Perspectives
Jobs, Jobs, Jobs – Not Austerity
William K. Black | Associate Professor of Economics and Law, UMKC

7 comments:

Matt Franko said...

"As with the second President Bush’s tax cuts, Trump’s proposed cuts go so heavily to the plutocrats that they will have less stimulus effect because so much of the cuts will be saved rather than spent. The reduces the stimulus of the proposed tax cuts, it does not eliminate it."

Well it will increase the deficit then so it should work.... if they gave the $ to non-plutocrats they would spend it and the deficit would reduce: BAD!

Bob said...

Bill Black for President.

Noah Way said...

"Trickle down" is an oxymoron.

Matt Franko said...

Well as long as "the deficit!" increases then it should all be aok...

Salsabob said...

Is Black caught is some kind of time prism? Maybe someone should give him a call and tell him the GOP took the WH and the Congress and perhaps he should adjust the targeting sights on his blog missiles.
Maybe he doesn't understand the budget reconciliation process that basically leaves the Dems completely out of the picture in deciding federal fiscal policy. Does Black own a ranch of dead horses that he likes to beat on the weekends?
The silver lining to Trump's win is the coming destruction of the false equivalency. For example, Clinton's infrastucture plan called for actual deficit spending; Trump's will be tax incentives and loan guarrenttee to the top 1% to privatize cherry-picked public assets to rent-collect at near zero risk. Eventually, the expenditures all wind up in economically-dead T-bills. The only real questions are (a) how long it will take Black to come to the realization and (b) will he just keep beating those dead horses?

Matthew Franko said...

" Eventually, the expenditures all wind up in economically-dead T-bills."

Well then the deficit is bigger so that should be just fine and dandy...

Six said...

Matt ... either spend more (increase top-line spending) or tax less (decrease bottom-line confiscation). Stop obsessing over the size of the deficit ...