http://www.economics.harvard.edu/faculty/mankiw/files/Spreading%20the%20Wealth%20Around.pdf One of my favorite recent moments in political theater was when “Joe the Plumber” posed a question to candidate Barack Obama during the presidential campaign of 2008. As you may recall, Joe was an aspiring small business owner, and he asked then-Senator Obama about his proposal to raise taxes on high-income... [more]
http://www.economics.harvard.edu/faculty/mankiw/files/Spreading%20the%20Wealth%20Around.pdf
One of my favorite recent moments in political theater was when “Joe the Plumber”
posed a question to candidate Barack Obama during the presidential campaign of 2008. As you
may recall, Joe was an aspiring small business owner, and he asked then-Senator Obama about
his proposal to raise taxes on high-income households. The candidate responded, in part, “It's
not that I want to punish your success. I just want to make sure that everybody who is behind
you, that they've got a chance at success, too…. I think when you spread the wealth around, it’s
good for everybody.”
The reason I like this particular moment is that it focused public attention on one of the
defining differences among competing economic philosophies. Indeed, I don’t think it is an
exaggeration to say that the single most important difference between the political left and the
political right is over the questions of whether, and to what extent, “spreading the wealth around”
is a proper function of government
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Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007
mankiw is a tool. and he has totally discredited himself here.
spreading the wealth around may not be appropriate (although i think under the circumstances it is inevitable, after so many years of the opposite), but neither is creating and nurturing a system that concentrates it.
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Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007
it's too late. the money has already been allocated and spent in order to get W. reelected. just look at all the economic charts in 2003. and then the money REALLY started to flow. priming the pump had never seen such activity.
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Response by alanhart
almost 16 years ago
Posts: 12397
Member since: Feb 2007
Joe "the Plumber" Wurzelbacher, 2010, on Obama: "... he’s one of the more honest politicians. At least he told us what he wanted to do."
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Response by Topper
almost 16 years ago
Posts: 1335
Member since: May 2008
I'm hoping for a Palin - Wurzelbacher ticket in 2012!
Boy, that would piss off the traditional Romney wing of the party.
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Response by hfscomm1
almost 16 years ago
Posts: 1590
Member since: Oct 2009
Why does it not surprise me that aboutready has the majority of posts on this thread.
Aboutready, sad, pitiful, not lovely, toilet whore
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Response by Riversider
almost 16 years ago
Posts: 13572
Member since: Apr 2009
George W Bush is showing a great deal of class these days and a remarkably good sense of humor considering the inappropriate and disgusting treatment he received from the left such as Pelosi & Reid.
"This is going to come as quite a shock to people up here that I can write a book, much less read one," the former president said, according to Politico. Mr. Bush is currently working on a memoir.
Added Mr. Bush: "I have no desire to see myself on television. I don't want to be a panel of formers instructing the currents on what to do...I'm trying to regain a sense of anonymity"
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Response by Riversider
almost 16 years ago
Posts: 13572
Member since: Apr 2009
Ironic that the best regulator in Washington these days was appointed by....
One of the nation's top banking regulators reiterated her support for an independent agency to protect borrowers from predatory lenders, putting her at odds with her fellow regulators and the industry she oversees.
"Consumer abuses were one of the root causes of the financial crisis and regulatory reform legislation should address this problem," Andrew Gray, a spokesman for Federal Deposit Insurance Corp. Chairman Sheila Bair, wrote in an e-mail to Huffington Post. "The FDIC has been on the record that the ideal way to do this is through an independent agency with the power to write rules for the banks and non-banks alike."
"I don't think we've done a good job protecting consumers in financial services," Bair told the crowd Monday. Bair, a Republican, was appointed to head the FDIC by former President George W. Bush.
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mankiw is a tool. and he has totally discredited himself here.
spreading the wealth around may not be appropriate (although i think under the circumstances it is inevitable, after so many years of the opposite), but neither is creating and nurturing a system that concentrates it.
it's too late. the money has already been allocated and spent in order to get W. reelected. just look at all the economic charts in 2003. and then the money REALLY started to flow. priming the pump had never seen such activity.
Joe "the Plumber" Wurzelbacher, 2010, on Obama: "... he’s one of the more honest politicians. At least he told us what he wanted to do."
I'm hoping for a Palin - Wurzelbacher ticket in 2012!
Boy, that would piss off the traditional Romney wing of the party.
Why does it not surprise me that aboutready has the majority of posts on this thread.
Aboutready, sad, pitiful, not lovely, toilet whore
George W Bush is showing a great deal of class these days and a remarkably good sense of humor considering the inappropriate and disgusting treatment he received from the left such as Pelosi & Reid.
"This is going to come as quite a shock to people up here that I can write a book, much less read one," the former president said, according to Politico. Mr. Bush is currently working on a memoir.
Added Mr. Bush: "I have no desire to see myself on television. I don't want to be a panel of formers instructing the currents on what to do...I'm trying to regain a sense of anonymity"
Ironic that the best regulator in Washington these days was appointed by....
http://www.huffingtonpost.com/2010/03/02/fdic-chairman-sheila-bair_n_482556.html
One of the nation's top banking regulators reiterated her support for an independent agency to protect borrowers from predatory lenders, putting her at odds with her fellow regulators and the industry she oversees.
"Consumer abuses were one of the root causes of the financial crisis and regulatory reform legislation should address this problem," Andrew Gray, a spokesman for Federal Deposit Insurance Corp. Chairman Sheila Bair, wrote in an e-mail to Huffington Post. "The FDIC has been on the record that the ideal way to do this is through an independent agency with the power to write rules for the banks and non-banks alike."
"I don't think we've done a good job protecting consumers in financial services," Bair told the crowd Monday. Bair, a Republican, was appointed to head the FDIC by former President George W. Bush.