Bye bye GM/Chrysler/Ford??

[Faustian]

(Look at Zimbabwe for a perfect example of how unproductive leftism can render a resource-rich country.)

 

Again and again I am surprised how much bullshit one man can write. There is nothing more to say to this.

 

 

Indeed, one of the most xenophobic/nationalistic regimes...and he calls it leftist. Idiot.

 

His definition of left wing seems to be very broad, encompassing any failed government/regime, but his conservative ideology (with it's great history of success, just look at how well the USA is doing now) seems to be so narrowly defined as to be unrecognisable and extremely difficult to pin-down. I guess if you don't define your views you can keep attacking others when things go wrong....in other words, it's the lefties. It's all their fault!

 

[rogueyam]

Indeed, one of the most xenophobic/nationalistic regimes...and he calls it leftist.

 

And of course we all know that leftists are never xenophobic or nationalistic. Nor

.

[kamui]

Indeed' date=' one of the most xenophobic/nationalistic regimes...and he calls it leftist. [/quote']

 

And of course we all know that leftists are never xenophobic or nationalistic. Nor

.

 

I don't think it is not worth to discuss with you political ideologies any further. It seems that you do not understand the basics of political and economical sience, otherwise you would not have mentioned the former East German government.

During the recent months you have called Germany and other European states as socialist or leftist regimes, now suddenly you tell us that West Germany is as a capitalist and not a socialist country.

 

Indeed we are a capitalist country, which is currently rules by conservative chancellor. Germany has the third strongest economy of the world and it is building cars which the leaders of the Big Three drive in their dreams. We have bullet trains and an almost perfect system of well maintained highways (no bridge has failed us yet), et cetera, et cetera...

 

But is many other capitalist, industrialized countries we are not even close to the capitalism you described above.

 

- public health care

- no guns

- public social security

- a public funded infrastructure (roads, e.g.)

- free education for all, even studying at an university costs only 1.000 EUR max a year

- strong unions

e.g.

 

And to say it again, just for you Rogy:

We are *not* a socialist country!

The former East Germany was socialist, which went bankrupt and was taken over by West Germany.

I presume that those details are too sophisticated for you who seems to be already content to speak basic English.

:content:

 

[WorldFun]

indeed Germany is or has been doing well or have done especially last couple of years - I know I enjoyed living there a few years. Not too sure how it's fit for the current crisis though any better than US, UK, LOS etc time will tell for sure?

[HeartThais]

I was previously asked for my economic plan so I gave it. In response there was the usual huffing and puffing by our resident self-described "geniuses" but virtually no engagement on economic grounds.

 

That isn't an economic plan. It's a political plan. Supply-side economics is rarely supported by economists and you'll notice that the ones who are publicly for it are 90% of the time pundits like George Will and not economists. In fact, when Bush announced his tax cuts, 450 economists took a full-page ad in the NY Time to say how idiotic it was. That list included 10 of the living 24 Nobel Laureates at the time. Here is the list of signatories: http://www.epi.org/stmt/2003/econlist_final_db.html

 

I seriously doubt even Laffer would suggest that cutting taxes is the solution during a recession. Cutting taxes during a deflationary cycle without incentives and spending would have as much impact as giving money to banks during a credit disaster. People will hoard cash and invest in low-paying treasuries and cash-equivalents because of deflationary fears. Removing subsidies and incentives to produce and invest at a time like this is suicidal.

 

But I'm not an economist so don't take my word for it. Here's nobel winner Krugman explaining why a shift in supply curve won't help in a zero-percent interest, recessionary environment.

http://www.princeton.edu/~pkrugman/nominal_wage.pdf

 

 

[rchapstick]

 

I seriously doubt even Laffer would suggest that cutting taxes is the solution during a recession.

 

 

I recently saw Laffer on the telly talking about this very topic. And you are correct, he did not advocate cutting taxes as a means to raise tax revenues in these economic times.

 

[rogueyam]

I recently saw Laffer on the telly talking about this very topic. And you are correct, he did not advocate cutting taxes as a means to raise tax revenues in these economic times.

 

You lie.

[chelseafan]

Why not tell the banks that "borrowed" our 700 billion to "lend" the 25 billion or so to the car companies - then let the banks manage like they should to get their money back under the same guidelines that they received (no dividends until paid back in full, etc..)

 

Seems like a nice solution to a messy problem.

 

As I understand it, thats exactly what is happening. Bush doesn't have to go back to congree for approval of a new deal then.

 

[rogueyam]

That isn't an economic plan. It's a political plan. Supply-side economics is rarely supported by economists...

 

You post nonsense. Capitalism is economics. And what do you mean by "rarely"? There are plenty of capitalist economists. You can look them up yourself or scroll up to my previous post for a link.

 

I never said that there were no socialists pretending to be economists. I have merely pointed out the obvious which is that socialism does not create wealth but rather is a political scheme whereby some people live off of the labors of others.

[rogueyam]

During the recent months you have called Germany and other European states as socialist or leftist regimes, now suddenly you tell us that West Germany is as a capitalist and not a socialist country.

 

West Germany was substantially less socialistic than East Germany in 1989. Germany is substantially more socialistic than America today. Why is it so hard for you to understand that both of these things are true?