The Laffer Curve in real life

Ever since the Reagan administration, supply-side economics has been at the core of Republican economic philosophy. Every GOP candidate, at every level of politics, has to swear allegiance to the theory if he or she hopes to retain credibility with the party base.

In a post yesterday, we took a look at the theory as it illustrated in the Laffer Curve. Now it’s time to look at how the theory has worked in practice, focusing on the two separate experiments with supply-side economics that we’ve run in the past 30 years.

The first began with the Reagan tax cuts in 1981 and ran to 1993. The second began in 2001, with passage of the Bush tax cuts. And in between of course, we had the Clinton administration, which took a very different approach. In 1993, President Clinton pushed a major tax hike into law in order to close the deficit, the very antithesis of supply-side theory. And by the end of his term, the deficit had indeed been eliminated, if only temporarily?

So how do we gauge the effectiveness of supply-side theory in practice? I propose we look at three specific measures:

  • The core claim of supply-siders is that tax cuts spur investment, so we’ll look at growth in private investment;
  • Supply-side theory also claims that tax cuts increase government revenue, so we’ll look at whether that actually occurred;
  • And since growth in gross domestic product is the ultimate aim of any economic policy, we’ll include that in the analysis as well.
  • (Note: All data below have been adjusted to account for inflation.)

    Private investment:

    After the ‘81 Reagan tax cuts, private nonresidential investment over the next seven years grew at an annual rate of 2.8 percent.
    After the ‘93 Clinton tax hike, private investment over the next seven years grew annually at 10.2 percent.
    After the 2001 Bush tax cut, private investment grew annually at 2.7 percent.
    (Data source: CAP/EPI study, Sept. 2008,, based on Bureau of Economic Analysis data.)

    Federal revenue:

    From 1981-1993, federal revenue increased by 20.7 percent over 12 years.
    From 1993-2001, federal revenue grew by 46.6 percent over 8 years.
    From 2001-2009, federal revenue decreased by 13.9 percent. (Even if you don’t include the deep recession year of 2009 — you might say we’re invoking the mercy rule — revenue increased just 3.3 percent over the eight years of Bush’s presidency.

    (Source: OMB Historical Table 1.2)

    GDP growth

    From 1981-1993, real GDP grew by an annual average of 2.97 percent.
    From 1993-2001, real GDP grew by an annual average of 3.56 percent.
    From 2001-2009, real GDP grew by an annual average of 1.56 percent.
    (Source: U.S. Bureau of Economic Analysis)

    In conclusion, in all three categories central to the claim of supply-side proponents, the economy performed significantly better in the wake of tax increases than it did in the wake of major tax cuts.

    Confronted with such data, the first word out of a supply-sider’s mouth is usually “But ….,” followed by a series of rationalizations for why the economy didn’t perform in real life as supply-side theory dictates it should have. Some of those excuses, such as the fact that the economy under Clinton benefited by the high-tech boom, are legitimate. Others, such as the claim that Bush had to deal with the economic fallout of Sept. 11, are not. There was no major economic fallout in the wake of the terror attacks.

    And the excuses themselves, whether lame or legitimate, further undercut the lofty claims of supply-side advocates. If the economic benefit of major tax cuts is so weak that it can be washed away by larger trends, to the point that you can find no real evidence of it in the data, and if the economic damage of tax increases is so minor that it too can’t be found in the data, then what exactly is this supply-side theory about in the first place?

    I mean, other than to serve as a handy rationalization for perpetual tax cuts.

    367 comments Add your comment

    stands for decibels

    September 15th, 2010
    7:27 pm

    it doesn’t “Cover Dixie Like The Dew” anymore.

    Heh. Here are two guys who cover(ed) Dixie like the Dew.

    seriously, have a look. you likee. really. herewith a taste:

    To our surprise, Robert was incredibly friendly. He talks in detail about how he’s frustrated with how Confederate flags get a bad rap and how he condemns all the racist connotations people associate with the flag. He said everyone is welcome in his shop regardless of where they come from. The guys at the shop turned out to be some of the friendliest people I’ve met on this journey. I expected them to be all prejudiced towards me, and here I was being prejudiced towards them.

    jewcowboy

    September 15th, 2010
    7:28 pm

    stands for decibels,

    “I contribute to NPR every year, after all.”

    I contribute and volunteer at the pledge drives…if you call in you may get to talk to me! But I suggest you donate online…

    Finn McCool

    September 15th, 2010
    7:30 pm

    If we let the tax cuts on the rich expire, what will happen to all those jobs the rich folks are giving us? Oh, wait, they’re already gone…pre-expiration!

    AmVet

    September 15th, 2010
    7:32 pm

    An interesting take on the New (& Improved?) Neo-Con Party…

    It is fratricide of the highest order. And it has been a sight to behold, as the uprising spawned several ugly GOP primaries, defeating enough Senate incumbents and serious candidates, such as Castle of Delaware, to all but guarantee the GOP can’t win back the Senate.

    http://www.cnn.com/2010/OPINION/09/15/borger.gop.fratricide/index.html?hpt=T1

    jewcowboy

    September 15th, 2010
    7:36 pm

    Finn McCool,

    Howdy! It’s been awhile.

    stands for decibels

    September 15th, 2010
    7:37 pm

    I contribute and volunteer at the pledge drives

    Thing is, I rag on NPR all the time on the interwebs. I call them “Nice Polite Republicans” and such. I heard a story this morning on the TeaTards that had me yelling at my radio “are you going to even [bleep]ing MENTION that these [bleep]heads are FINANCED by the [bleep]ing Koch Brothers??”

    Still, it’s better than anything else I can tune in not called “Democracy Now.”

    jewcowboy

    September 15th, 2010
    7:41 pm

    AmVet,
    From your link:
    “Pardon the expression, but it seems the GOP has created its own miscreant offspring.”

    This has been my question all along. These Orange Pekoe Brigade candidates my win…but to what end? Who will back legislation they propose, given the acrimonious tone they affect…or is it their plan to get to D.C. and just vote “no”?

    RB from Gwinnett

    September 15th, 2010
    7:42 pm

    “Looking at the number of posts his column generate I highly doubt that. ”

    The same 10 people on here posting all day long with no ads on these screens ain’t paying no bills at the AJC.

    Yes, the way people receive their news and other things is changing, however they’re changing at double the national average at the AJC. Why is that? I actually enjoy perusing the paper, but when I cancelled my paper copy, I told them if I wanted to donate to the DNC, I’d send them a check directly and could no longer in good conscience support this garbage.

    jewcowboy

    September 15th, 2010
    7:45 pm

    stands for decibels,

    “I call them “Nice Polite Republicans” and such”

    I do consider them the most balance of all non-print news media…but they do seem to take the “balanced” approach overboard sometimes.

    stands for decibels

    September 15th, 2010
    7:45 pm

    I’d send them a check directly and could no longer in good conscience support this garbage

    jeez, someone call a wahhhhmbulance.

    Moderate Line

    September 15th, 2010
    7:46 pm

    AmVet

    September 15th, 2010
    4:22 pm
    Moderate line, I found it more relevant to the fiscal liberalism in this country of the past thirty years or so.

    (As opposed to the canard called “fiscal conservatism” touted by the GOP that never existed…)
    ++++++++++++
    I see no relevance.

    Benito started out as a socialist until he was kicked out for supporting the war.

    stands for decibels

    September 15th, 2010
    7:47 pm

    gotta run. Stuff awaits.

    pleasant evening to all (including the WATBs).

    jewcowboy

    September 15th, 2010
    7:47 pm

    RB from Gwinnett,

    “I told them if I wanted to donate to the DNC, I’d send them a check directly and could no longer in good conscience support this garbage.”

    So why do you visit this website? You certainly will not find me posting comments on the Fox News website.

    jewcowboy

    September 15th, 2010
    7:54 pm

    Gee… I wonder why a major “conservative” voiced paper does not exist in Atlanta if there is such a huge demand?

    One would think an entrepreneurial type would jump all over that if it was financially viable.

    jewcowboy

    September 15th, 2010
    7:59 pm

    And that “concervative” voice…the Washington Times…it seems to have a problem without a $35M infusion from its chief Moon.

    http://www.washingtonpost.com/wp-dyn/content/article/2010/04/30/AR2010043002043.html?hpid=moreheadlines

    jewcowboy

    September 15th, 2010
    7:59 pm

    “concervative” = “conservative” Or at least it should.

    Lil' Barry Bailout

    September 15th, 2010
    8:02 pm

    Jay, only one President had the good fortune to have the Internet bubble occur on his watch and have the burst hit his predecessor. That’s pretty much what this analysis boils down to.

    Clinton rode the windfall tax revenues from the Internet bubble during the nineties and turned over the wreckage to our President Bush. President Bush also reaped the results of Clinton’s do-nothing approach to Islamofascist terrorism. We should be thankful that the nation and economy didn’t totally collapse following these events. President Bush prevented that.

    Lil' Barry Bailout

    September 15th, 2010
    8:03 pm

    sorry, not “predecessor”…”successor”

    tm

    September 15th, 2010
    8:05 pm

    jewcowbpy
    you forgot about the WSJ which most of us get here in Atlanta every morning.

    niells

    September 15th, 2010
    8:06 pm

    but…Laffer’s curve doesn’t predict that lowering taxes increases revenue. It predicts that raising taxes beyond a certain point has diminishing returns and lowering them beyond a certain point has diminishing returns. Additionally, to believe historical data demonstrates Laffer is wrong, you must also believe that revenue is higher using a 100% tax rate than a 50% tax rate. Which admittedly is something a Stalin or Hitler could achieve.

    Lil' Barry Bailout

    September 15th, 2010
    8:07 pm

    It’s the Spending, Stupid
    A chronic voter ‘concern’ has now exploded into a broad public movement.
    By DANIEL HENNINGER

    At a backyard town-hall meeting in Fairfax, Va., Monday, President Obama explained why Christine O’Donnell was going to beat Mike Castle in the GOP’s Delaware Senate primary:

    “They saw the Recovery Act,” he said. “They saw TARP. They saw the auto bailout. And they look at these and think, ‘God, all these huge numbers adding up.’ So they’re right to be concerned about that.”

    Of course Mr. Obama was speaking generally about the public mood. Let’s call it his “generic” explanation for the current voter impulse to wipe out GOP incumbents now and Democrats in November.

    Here’s your bumper sticker for the 2010 elections: It’s the Spending, Stupid.
    ————————

    Henninger must read your blog, Jay. That’s been my line for weeks now.

    jewcowboy

    September 15th, 2010
    8:11 pm

    Lil’ Barry Bailout,

    “Clinton rode the windfall tax revenues from the Internet bubble during the nineties and turned over the wreckage to our President Bush. ”

    Let’s see..the dot com bubble burst in March of 2010…leaving wreckage for Bush and causing a market loss of about $5T.

    The real estate bubble bursts in May of 2006, eventually causing $5T in losses in Fannie and Freddie alone…causing a worldwide recession…and leaving wreckage for whom?

    I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

    September 15th, 2010
    8:12 pm

    This blog topic could be graded on the Laugher Curve, as ate up with white house propaganda that it is….

    jewcowboy

    September 15th, 2010
    8:12 pm

    tm,

    “you forgot about the WSJ which most of us get here in Atlanta every morning.”

    Sorry…the only one I still get is the Atlanta Business Chronicle.

    godless heathen

    September 15th, 2010
    8:15 pm

    Yawn. Another Bookman column stating that the trouble with this country is that the peeps with jobs aren’t paying enough taxes.

    I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

    September 15th, 2010
    8:17 pm

    Where have all the aisle reachers gone?

    Last time passin…

    Where have all the RINOs gone?

    Long time ago

    Where have all the squishies gone?

    Tea Party have booted them every one

    When will they ever learn?

    When will they ever learn, just askin…

    tm

    September 15th, 2010
    8:17 pm

    tow many peopely truely belive that if we givethe feds more of our money in taxes that it will use it to reduct deficits? Its jsut going to go to more hand ours.

    tm

    September 15th, 2010
    8:19 pm

    Jewcowboy
    You need to geet current in yoor reading the ABC is just advertisement for the local business community

    Lil' Barry Bailout

    September 15th, 2010
    8:19 pm

    jewcowboy: Looks to me like our President Bush did a far better job cleaning up Clinton’s messes than the Idiot Messiah is doing cleaning up after Bush’s.

    10% unemployment. ‘Nuff said.

    jewcowboy

    September 15th, 2010
    8:19 pm

    godless heathen,

    “Another Bookman column stating that the trouble with this country is that the peeps with jobs aren’t paying enough taxes.”

    Yeah…those peeps without jobs should be supporting this country. Since they can afford it. ;)

    jewcowboy

    September 15th, 2010
    8:22 pm

    Lil’ Barry Bailout,

    If you are comparing the dot com bust to now…you are seriously delusional…as I pointed out…the total market loss for the dot com was $5T…the same for just Fannie and Freddie.

    And if you remember…nearly 800K jobs were lost in the month Obama took office…and this is his fault?

    Lil' Barry Bailout

    September 15th, 2010
    8:22 pm

    Right on, jewcowboy. They could start by getting off their taxpayer-provided unemployment benefits after a year or so.

    jewcowboy

    September 15th, 2010
    8:23 pm

    tm,

    “You need to geet current in yoor reading the ABC is just advertisement for the local business community”

    I would rather spend locally :) Seriously, for me, there is more personally pertinent info in the ABC than in the AJC or NYT.

    Lil' Barry Bailout

    September 15th, 2010
    8:24 pm

    You might want to be careful about how much blame you give our President Bush for $5T in losses at Fannie and Freddie, since the Idiot Messiah just signed off on a massive financial “reform” bill that did exactly nothing to reform those Democrat-sponsored failures.

    jewcowboy

    September 15th, 2010
    8:24 pm

    Lil’ Barry Bailout,

    “They could start by getting off their taxpayer-provided unemployment benefits after a year or so.”

    Which they ironically pay taxes on.

    tm

    September 15th, 2010
    8:25 pm

    Saw an article today where a person was complaining Michigan that his unemplyment benefitts have run out after 99 weeks. You would think he would have caught on that he needed to go so place else before almost two years to find a job

    jm

    September 15th, 2010
    8:26 pm

    Jay, ignoring the actual data for a moment, the Laffer curve is generally agreed to be irrelevant at the current tax levels.

    The central theory was that tax cuts could produce more tax revenue due to higher growth (ceteris paribus, and true) AND that this growth revenue would more than offset the pro-rata loss in tax revenue. Again, this is false at the current tax rates. However, at higher tax rates (I don’t think anybody knows exactly where in aggregate, and it is different for each individual), the theory is correct. Obviously, taken to the extreme, if the government taxed everything 100%, no one would work and there wouldn’t be any tax revenue. A tax cut from 100% to 99% would produce more tax revenue because some (poor souls) would finally start working.

    At any rate, the argument over the laffer curve is just silly at this point. Tax cuts at this level will not produce growth that will fully offset the tax decrease, although tax cuts, accompanied by government spending constraints, DO PRODUCE HIGHER GROWTH. Higher taxes are necessary for everyone in order to close the budget deficit since the Democrats seem unwilling to engage in the necessary spending cuts (as even Greenspan has acknowledged). We will slowly go broke with constant, incessant tax increases, but perhaps that’s better than the sudden death from a US bankruptcy.

    Lil' Barry Bailout

    September 15th, 2010
    8:27 pm

    More House Democrats call for tax cuts for all

    By LAURIE KELLMAN, Associated Press Writer – 38 mins ago

    WASHINGTON – More Democrats joined Republicans on Wednesday in calling for the preservation of tax breaks for Americans of every income level, bolting this election season from President Barack Obama’s plan to preserve cuts for families who earn less than $250,000 and let taxes rise for the wealthiest Americans.

    Lil' Barry Bailout

    September 15th, 2010
    8:28 pm

    jewcowboy: Which they ironically pay taxes on.
    ————

    What’s ironic about that? They’re using the program, they should at least help pay for it. Call it a “user fee”.

    jewcowboy

    September 15th, 2010
    8:29 pm

    Lil’ Barry Bailout,

    “You might want to be careful about how much blame you give our President Bush for $5T in losses at Fannie and Freddie”

    Nice way to side step the fact that the dot com bust and the 9/11 effect were drops in the bucket compared to the current issue. By the time Obama took office, 8M jobs were lost. And that is just b/c D’s took control of Congress in 2007 right? Nothing to do with the decade plus control of congress by the R’s…b/c fiscal policy and works that fast.

    Lil' Barry Bailout

    September 15th, 2010
    8:30 pm

    Show us the spending cuts. Then we can talk about tax increases.

    @@

    September 15th, 2010
    8:30 pm

    Where have all the squishies gone?

    I’ll never live it down. I’m forced to wear a big red “S” ’cause I let Slick Willy squish me his first go ’round.

    ^^^ Sounds really bad, but ’tis true.

    I’m a marked woman.

    Lil' Barry Bailout

    September 15th, 2010
    8:33 pm

    There might be a REASON that the dot com bust and 9/11 were a “drop in the bucket”. That reason would be adult leadership.

    Lil' Barry Bailout

    September 15th, 2010
    8:34 pm

    Too bad our President Bush didn’t think up that “jobs saved” or “lives touched” BS before the Idiot Messiah.

    jewcowboy

    September 15th, 2010
    8:35 pm

    tm,

    “You would think he would have caught on that he needed to go so place else before almost two years to find a job”

    Yeah…the 99 weeks gets me…but then I do somewhat understand not wanting to uproot. Though it strikes as somewhat selfish. I would love to live near my family, who live in a near natural paradise on the Gulf Coast…but I need to support myself the local job market doesn’t allow me that…so Iive where I can make money.

    Though I guess I would be considered white-collar, so I have more options. Education opportunity for blue collared jobs is key as is the funding of trade schools…everyone needs a good plumber and mechanic.

    getalife

    September 15th, 2010
    8:36 pm

    “Clinton: New GOP Makes Bush Look Liberal.”

    Still the big dawg.

    jewcowboy

    September 15th, 2010
    8:39 pm

    Lil’ Barry Bailout,

    “That reason would be adult leadership”

    Yes..I’m sure that was it…it had nothing to do with the actual extent of the business cycle and nature of the industry. Otherwise it would be exactly the same as now…

    AmVet

    September 15th, 2010
    8:53 pm

    Incredible. The worst president in modern, if not all of American history, and the BushCo apologists here are STILL shucking and grinning for him like he was some sort of Thomas Jefferson???

    Truly amazing the depths some will sink to to justify their twisted worldviews.

    He was certainly the most serially impeachable, deadly and incompetent POTOS ever. A long, long litany of debacles and disasters. Hell, his first 100 days alone were a complete train wreck.

    And the excuse? The dot com bubble? OMFG.

    What next? Acorn? CRA? Carter giving away the Panama Canal?

    And had Slick Willy just kept his Johnson in his pants, George Bush would not have been anything but a gnat on the elephant’s ass.

    I personally hold MLB responsible for not electing that massive mess up commissioner. (Think Sammy Sosa and Harold Baines). Sure he would have found more ways to screw up the national pastime, but at least we wouldn’t have had over 5,000 flag draped coffins coming home to Dover AFB, while he and his gutless chickenhawks played toy soldier.

    It will take a couple of decades minimum just to undo the massive devastation he and his gang of inept corporate wh0res wrought upon the American middle class.

    This on top of four previous administrations who also waged economic war on working American families.

    And the rubes who comprise the neo-con party think that their salvation lies in some sort of November miracle, where they get more of the same…

    @@

    September 15th, 2010
    8:54 pm

    Getalife:

    I’m a marked woman, but I don’t own a blue dress.

    (ISH)

    @@

    September 15th, 2010
    8:55 pm

    zzzzzzzzzzzzzzzzzzzzzzz

    professional skeptic

    September 15th, 2010
    9:19 pm

    AmVet
    September 15th, 2010
    8:53 pm

    And now it seems they’re shucking and grinning for Nathan Deal. Unbelievable!!

    http://blogs.ajc.com/georgia_elections_news/2010/09/15/deal-bankruptcy-not-an-option-will-live-up-to-our-obligations/?cp=1

    No Need To Thank Me

    September 15th, 2010
    9:25 pm

    This blog topic could be graded on the Laugher Curve, as ate up with Reagan white house propaganda that it is….

    There you go, Whiner. All fixed.

    getalife

    September 15th, 2010
    9:25 pm

    Monica was the devil with the blue dress on.

    Southern Comfort

    September 15th, 2010
    9:26 pm

    skeptic

    Deal is an honest man. He said he’d meet his obligations. However, as a true politician, he’s refusing to say how he’ll meet them.

    Del

    September 15th, 2010
    9:29 pm

    A gathering of the lib’s commiserating with one and other desperately attempting to dispel their collective anxieties of impending defeat in November. @@ best to just enjoy the evening and not witness this sadness of fellow Americans locked in this destructive Lemming mentality.

    RW-(the original)

    September 15th, 2010
    9:30 pm

    You’d think sooner or later that repetitive diatribe would get tagged by Akismet.

    So now the definition of “winning” on the blog is that the same topic can be posted on consecutive days and if the comment count goes down the writer won? I hate to tell you this but the comment count on this particular blog is pretty meaningless when individual posters have double-digit percentages of the comments.

    jewcowboy

    September 15th, 2010
    9:32 pm

    getalife,

    “Monica was the devil with the blue dress on.”

    Generally I’ve found the “devil” tends to be the one-eyed trouser snake rather that the 20ish naive young women. ;)

    RW-(the original)

    September 15th, 2010
    9:34 pm

    SoCo,

    Maybe a super highway that just happens to go right through that property where the outdoorsman shop sits would do the trick.

    :-)

    No Need To Thank Me

    September 15th, 2010
    9:34 pm

    I think the conservatives are grasping for anything to make themselves feel better. They’ve thrown Bush under the bus and now they’re throwing the tea partiers under it. Such a sad display of hate and frustration and anger and fear from the likes of Bill Kristol and Karl Rove and the other loyal conservatives. I can hear them not only saying no to each other but hell no and you lie. So sad.

    Del

    September 15th, 2010
    9:35 pm

    jewcowboy,

    yes in search of the bearded clam.

    Southern Comfort

    September 15th, 2010
    9:37 pm

    RW

    Methinks you were a politician in a former life. That or you know a few now. :)

    Hillbilly Deluxe

    September 15th, 2010
    9:40 pm

    Maybe a super highway that just happens to go right through that property where the outdoorsman shop sits would do the trick.

    Well, they did build a transmission line a few years back, that managed to make a jog, so it went around his property. Went in a straight line, other than his property, so stranger things have happened.

    AmVet

    September 15th, 2010
    9:41 pm

    skeptic, clearly the last two presidents prove that credentials matter not a tinkers damn anymore.

    The current one has virtually none.

    And his predecessor had plenty. Almost all of them abysmal.

    And look what four disastrous years got him. Re-elected for four even worse and more deadly ones…

    And now one of the most corrupt, backasswards members of the US Congress is certainly going to be the next governor of Georgia. Where they like their deals crooked.

    One can only imagine how he’ll finds new ways to trump Pray for Rain’s lack of effective governance.

    Extending the Baptist’s mini-prohibition to Saturdays?

    RW-(the original)

    September 15th, 2010
    9:42 pm

    SoCo,

    I got very early training when I was a wee lad in Florida and my grandfather used to tell me just why the Florida turnpike went where it went at the time. Then when I moved to Georgia I-20 was being built and it was deja vu.

    Dusty

    September 15th, 2010
    9:42 pm

    Poor AmVet,

    Still preaching the same ol’ sermon we’ve all heard before. Clinton good. Bush bad. Soldiers killed.Neocon this . Neocons that. all evil. the end is near!!!

    Are you trying for “worstest of all” in this evening men’s club? You need some new material. Definitely..Just ’cause Bookman is stuck on liberal litanies is no reason for bloggers to be as dull and repetitious. There must be some optimism somewhere.

    In the meantime, goodnight …

    jewcowboy

    September 15th, 2010
    9:43 pm

    Del,

    “yes in search of the bearded clam.”

    :)

    jewcowboy

    September 15th, 2010
    9:47 pm

    Goodnight Dusty…and goodnight to all the rest of you as well..
    “One summer night, out on a flat headland, all but surrounded by the waters of the bay, the horizons were remote and distant rims on the edge of space. Millions of stars blazed in darkness, and on the far shore a few lights burned in cottages. Otherwise there was no reminder of human life. My companion and I were alone with the stars: the misty river of the Milky Way flowing across the sky, the patterns of the constellations standing out bright and clear, a blazing planet low on the horizon. It occurred to me that if this were a sight that could be seen only once in a century, this little headland would be thronged with spectators. But it can be see many scores of nights in any year, and so the lights burned in the cottages and the inhabitants probably gave not a thought to the beauty overhead; and because they could see it almost any night, perhaps they never will.” ~Rachel Carson

    Del

    September 15th, 2010
    9:47 pm

    jewcowboy,

    LOL…seems that no one else has a sense of humor on here anymore. Folks should just chill a little bit.

    Del

    September 15th, 2010
    9:50 pm

    jewcowboy,

    That’s too damn deep for me. G’night y’all…taps

    Jefferson

    September 15th, 2010
    9:53 pm

    Someone said businesses brings jobs, I say without jobs you can’t have businesses — somebody has to actually do some real work.

    Finn McCool

    September 15th, 2010
    9:58 pm

    Give the wealthy tax breaks so they can create jobs…in India, China, etc.

    AmVet

    September 15th, 2010
    9:59 pm

    I’m with you Del.

    My work here is done.

    I got Dusty to crawl out of her cave long enough to park her broom.

    And tomorrow is gonna be a long way. (Somebody’s got to pay for more welfare for the wealthy…)

    Later, Bookmaniacs…

    RW-(the original)

    September 15th, 2010
    10:28 pm

    Del,

    It’s not so much a sense of humor thing as it is an evolution of grooming habits thing…and I guess I’ll leave it there.

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    Think how many more people would have had a chance to live and see that sky if it wasn’t for Rachel Carson’s efforts to keep malaria alive.

    :-)

    RW-(the original)

    September 15th, 2010
    10:30 pm

    Yikes!

    Move that smiley above the fold.

    (IHB)

    The Leg Lamp is a "major award" much like Cynthia Tucker's Pulitzer and Obama's Nobel.

    September 15th, 2010
    10:39 pm

    mmuuwwaaAAAHAHAHAHAHAHAHAHAHAHA!!!!

    WASHINGTON – More Democrats joined Republicans on Wednesday in calling for the preservation of tax breaks for Americans of every income level, bolting this election season from President Barack Obama’s plan to preserve cuts for families who earn less than $250,000 and let taxes rise for the wealthiest Americans.

    The Leg Lamp is a "major award" much like Cynthia Tucker's Pulitzer and Obama's Nobel.

    September 15th, 2010
    10:41 pm

    mmuuwwaaAAAHAHAHAHAHAHAHAHAHAHA!!!!

    WASHINGTON – More Democrats joined Republicans on Wednesday in calling for the preservation of tax breaks for Americans of every income level, bolting this election season from President Barack Obama’s plan to preserve cuts for families who earn less than $250,000 and let taxes rise for the wealthiest Americans.

    [...] Republican in primaryJournal TimesPrimaries prove Palin, Tea Party are for realCNN InternationalAtlanta Journal Constitution (blog) -New York Times (blog) -U.S. News & World Report (blog)all 5,096 news [...]

    stands for decibels

    September 16th, 2010
    5:56 am

    Works for me…

    http://www.boston.com/news/nation/washington/articles/2010/09/16/obama_reportedly_to_name_warren_special_adviser/

    President Obama plans to appoint Harvard law professor Elizabeth Warren to a Treasury Department advisory post that will allow her to help create the consumer protection bureau, a key component of the new financial regulatory overhaul, without subjecting her to an arduous Senate confirmation process, according to a Democratic official.

    Warren will be an assistant to the president and a special adviser to Treasury Secretary Timothy F. Geithner, said the official, who was briefed on the president’s plans but spoke on condition of anonymity because the official announcement has not been made. She will report directly to the president and Geithner and lead the administration’s work on the bureau.

    @@

    September 16th, 2010
    7:00 am

    Geez!

    One-eyed trouser snakes and bearded clams!!??!!

    Well, there’s a man’s imagination, then there’s a woman’s.

    …he loves me, he loves me not, he loves me, he………..

    Just kiddin’

    Normal

    September 16th, 2010
    7:22 am

    Grand morning to all y’all…

    USinUK,
    If you’re here, My sister had her surgery yesterday and all went really well. Her prognosis is great for a complete cancer free recovery!
    Life is good in Normalville.
    —————————————-

    stands for decibels

    September 16th, 2010
    5:56 am

    Sounds like a good choice…

    stands for decibels

    September 16th, 2010
    7:22 am

    the Washington Times…it seems to have a problem without a $35M infusion from its chief Moon.

    I hear the D-Backs are offering Mike Hampton and a box of jockstraps in trade for it.

    Bob

    September 16th, 2010
    7:25 am

    Well, this info means premiums will go down 18%, just like Obama said. Not really, but we are to busy still going after Reagan. When the fed employess, even those in the obama adni pay their back taxes, then we can talk about why paying taxes is the patriotic thing to do. Lets go ahead and raise them but if only privately employed people pay their fair share, we better raise them twice the amout needed to cover for the fed gov workers that do not pay theirs. Obama said the 2% tax cut on “lifes lottery winners” cost 700 billion over ten years, at 70 Billion a year, how will that reduce the 1.4 Trillion dollar debt, even if all gov workers paid their fair share, including Rangel, we still have a 1.3 Billion and change debt. Thats the “Laffer” about this argument that the 2% have caused our problems.

    stands for decibels

    September 16th, 2010
    7:26 am

    Her prognosis is great for a complete cancer free recovery!

    Normal, having spent a few days attending to some difficult fambly biness myself, I say grab hold of any good news you can when you can.

    Bob

    September 16th, 2010
    7:27 am

    Oops, did I say still have 1.3 Billion, meant 1.3 Trillion.

    Carlosgvv

    September 16th, 2010
    7:30 am

    The number one job for the Republican Party is to protect Big Business at all costs. So, it’s no suprise that supply-side economics is a fundemental tenent with them.

    Vinny

    September 16th, 2010
    7:40 am

    Jay – If you feel that it is important to pay more in taxes to reduce the deficit, NOTHING IS STOPPING YOU FROM DOING SO. Why don’t you libs put your money where your mouth is and send in say, 50% of your income if you like high taxes so much?

    No Need To Thank Me

    September 16th, 2010
    7:42 am

    Give up while you are behind, Bob.

    No Need To Thank Me

    September 16th, 2010
    7:43 am

    Lead the way, vinny.

    Vinny

    September 16th, 2010
    7:45 am

    Once government proves that they will spend our tax dollars wisely and not waste them on things like tunnels for turtles and such, then we can talk about having more.

    Until then, they get no more. Government has proven time and time again that they will not spend our tax dollars wisely. Therefore, they are cut off from receiving more.

    The people control government, Jay – not the other way around. Got it?

    stands for decibels

    September 16th, 2010
    7:52 am

    If you feel that it is important to pay more in taxes to reduce the deficit, NOTHING IS STOPPING YOU FROM DOING SO.

    Does this argument ever move anyone outside of Radio Wingnuttistan?

    Normal

    September 16th, 2010
    7:52 am

    Vinny,
    This “Lib” hopes that the complete Busch Tax Cuts expires without any comprimise made for the middle class. It will mean more revenue for the Government and hell to pay for the GOP come November…

    Normal

    September 16th, 2010
    7:54 am

    The corporations control government, Jay – not the other way around. Got it?

    Fixed your typo…

    Doggone/GA

    September 16th, 2010
    7:56 am

    “Does this argument ever move anyone outside of Radio Wingnuttistan?”

    No, but you have to remember that “rugged individualim” only applies to USING government provided services and things like roads, etc. – it doesn’t extend to actually helping to PAY for them.

    TaxPayer

    September 16th, 2010
    7:57 am

    I see Georgia’s unemployment rate is at 10 percent. Must be because of all those Democrats running the state. Yup. That’s gotta be it. Then again, it could be Obama’s fault for not stretching out those census jobs longer. Yup, That coulda done it.

    Vinny

    September 16th, 2010
    7:58 am

    Doggone – That argument will apply when 100% of workers pay their share of taxes. Until then, it’s just more liberal claptrap.

    Vinny

    September 16th, 2010
    7:59 am

    Normal (??) The libs are toast in November and Obama will be tossed out on his arse in 2012.

    Get used to it.

    Doggone/GA

    September 16th, 2010
    8:01 am

    “That argument will apply when 100% of workers pay their share of taxes”

    Since they already do, thank you for agreeing with me.

    Vinny

    September 16th, 2010
    8:01 am

    NNTTM – No, Libs should lead by example. If they think higher taxes are the answer to our problems, then they should step up and pay more.
    The Obama administration needs to pay up as well – a bunch of them are delinquent on their federal taxes. Is that any way to lead?

    stands for decibels

    September 16th, 2010
    8:02 am

    Vinny, just what beyond the FICA/Med witholdings that begin with the first dollar, the excise taxes, and a bunch of other stuff beyond Federal Income Taxes that virtually every working person already pays, would you consider a “fair share” for America’s peasant class?

    TaxPayer

    September 16th, 2010
    8:03 am

    How come when our county government wants to increase tax revenues, they increase the tax rate? Now, ain’t that a Laffer. And the really disturbing part of that is that they all claims to be them conservatives here in the county that I lives in.