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Showing posts with label supply. Show all posts
Showing posts with label supply. Show all posts

Monday, August 22, 2011

Repulslican Economics

Aug 22nd, 2011

Proving, for the umpteenth time, that contemporary elected Republicans simply don't understand the college freshman concept of aggregate demand comes this little excerpt from the HuffPo today:

"...many of the same Republicans who are fiercely protective of tax cuts for the wealthy have already said they oppose Obama's plan to extend the payroll tax cut for low income Americans.

"It's always a net positive to let taxpayers keep more of what they earn," Rep. Jeb Hensarling (R-Texas) told the AP, "but not all tax relief is created equal for the purposes of helping to get the economy moving again."


Amazing. I am compelled to give a lesson. For all the "rich" people and their mouthpieces that call the President a "socialist" but fail to grasp even the most childlike fundamentals of consumer society (psst, that's called Capitalism, by the way), here's a primer: