The last genuinely conservative candidate to even run was Reagan. While it’s now common to … Learn how your comment data is processed. The last genuinely conservative candidate to even run was Reagan. Who coined the phrase trickle down? It is currently Fri Nov 19, 2021 9:41 pm: Board index » Community Discussion Area » General Discussion. This is real “voodoo economics’: when the dollar sign is put before human life. For an Example, Here are my own 2 answers below. Instead of reckoning with the truth, instead of looking at what is occurring and self-reflecting, instead of wondering if something is fundamentally wrong with us as a nation, instead of fixing a society that wastes a quarter of its food (while bankrupting farmers), instead of donning ashes and sackcloth, of fasting, instead of greatly retrenching and going to God, we prop up a false economy with more falsity in an era where fabrication reigns supreme. All Rights Reserved. On 20 Sep 2018 @Smith_JeffreyT tweeted: "The health emergency in #Zimbabwe has "s.." - read what others are saying and join the conversation. It was George Bush the elder who coined the term as a slander against Ronald Reagan’s economic policies, but his son George W. Bush embraced the mysticism of tax cuts that magically increase economic growth and increase government revenue – and got burned by the result.Now Jeb Bush, aiming to be the third member of the Bush clan to take … Voodoo symbols [email protected] The dolls come in several colors & various color combinations, with each color representing a power. Back in 1980 another George Bush coined the term “Voodoo economics” to describe the policies of his rival for the Republican presidential nomination, Ronald Reagan. “By The Times’s calculation, taxpayers earning over $10 million would experience a 6.8 percent rise in their after-tax incomes on average under the Bush plan,” Barro wrote. Your email address will not be published. 1137 Projects 1137 incoming 1137 knowledgeable 1137 meanings 1137 σ 1136 demonstrations 1136 escaped 1136 notification 1136 FAIR 1136 Hmm 1136 CrossRef 1135 arrange 1135 LP 1135 forty 1135 suburban 1135 GW 1135 herein 1135 intriguing 1134 Move 1134 Reynolds 1134 positioned 1134 didnt 1134 int 1133 Chamber 1133 termination 1133 overlapping 1132 newborn 1132 Publishers 1132 jazz … If anything, by adopting what is called a territorial tax system for corporate profits, Bush would give corporations a permanent incentive to continue shunting profits through overseas tax havens, where they would be officially out of reach of the Internal Revenue Service. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage ... He also was smart enough to NOT Invade Baghdad, Iraq during the First Gulf War. Jude Wanniski, the political economist, journalist and polemicist who coined the term ''supply-side economics,'' died last week -- on the same day … Those necessary, deficit-plugging tax increases weren’t really tax increases! founder of post-colonel studies, who coined the term "Orientalism". That is the revenue that the federal government would lose if the Bush tax plan is implemented over 10 years. Add a dash of voodoo – promises that the foregone taxes collected will be invested in businesses and job-creation, thus accelerating economic growth – and the federal government will still see an increase in federal debt over 10 years of $1.2 trillion, according to Bush’s economic team. When he discovered to his horror that his touch had turned his food and drink—and even his daughter—to gold, he begged Dionysus to take back the gift, and Dionysus agreed to do so. + Your donations help keep us operating and ministering. 3. Found inside – Page 176Poor George Bush — ironically, the very person who had coined the phrase "voodoo economics" for that approach when he ... Toward the end of Ronald Reagan's term, he seemed to lose interest in jellybeans, or maybe he forgot about them, ... He may well be the last Republican leader to acknowledge the fundamental fraud of Republican fiscal policy — that tax cuts do not pay for themselves. In fact, a particularly pernicious feature of the proposal would end the deductibility of state and local taxes – effectively penalizing people who live in states where higher taxes are used for higher levels of investment in education, infrastructure and other public programs. Reagan, the shining white knight of small-government conservatism, left the US economy with the biggest national debt in history. Found inside – Page 86His critics pointed out ( including the current vice - president , who coined the term “ Voodoo Economics " ) that it couldn't be done except with mirrors . On the evidence , the critics were right . On the other side , administration ... DJ Larry Tee, who coined the term, and DJ Hell, whose International Deejay Gigolo Records label was home to many of the acts, helped create a cohesive scene in the early 2000s. At the close of 2019, the size of the national debt relative to the U.S. economy was 3.6 times higher than its average over U.S. history. When Reagan won the Republican nomination, he made Bush his running mate; the two won decisively in both 1980 and 1984. But on Wall Street, near that charging bull (idol), they charge on! To put across the idea captured in point 4 of the definition given in the old ENCARTA dictionary (color added): Voodoo n In fact, it was Bush who coined the term "voodoo economics". I will also include examples and resources for people interested in learning more about otherness. The main thesis of this was professed by the discredited economist Arthur Laffer who invented the Laffer Curve. Officials who served with Bush in the Reagan administration have said they thought immediately this pledge was a mistake, and that Bush likely didn’t expect to keep the promise. Anonymous Coward … quicklist: 3url: title: Voodoo Economicstext: George H.W. But Reagan was a brilliant tactician who knew his audience well. Almost 40 years ago, during the 1980 presidential primary, Bush famously characterized the agenda of then-rival Ronald Reagan as “voodoo economics.”. Back to the “voodoo economics” thing: the phrase was coined by George Bush, the elder, who used it during the 1980 Republican primary, when he was running against Ronald Reagan. Voodoo Economics. I will add to this page over time. Found insideSteel Magnolia: A nickname coined by the press in 1976 to describe Rosalynn Carter, a proper Southern lady with an iron backbone. Voodoo economics: A phrase coined by George H.W. Bush in the 1980 Republican primary race to refer to ... Bush walked back his criticism after he became Reagan’s vice president. Back in 1980 George Bush coined the term "Voodoo economics" to describe the policies of his rival for the Republican presidential nomination, Ronald Reagan. 10. He was pragmatic, and pragmatism required dealing with rising deficits through both sides of the budget ledger. it's not "left vs. right", it's state vs rights. This site uses Akismet to reduce spam. It seems like a competition between money and the virus. Josh Clark: Yeah it was George Bush Sr. Charles Bryant: Yeah. Supply-side economics is a macroeconomic theory that postulates economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. Found inside... the Republican Party nomination in Pennsylvania as the anti-Reagan and coined the term voodoo economics to describe Reagan's plan for cutting taxes, increasing defense spending, cutting domestic spending, and balancing the budget. The consequences are that the national investments we need to improve public schools, make higher education more accessible, rebuild our infrastructure, bolster research and development to transition to a green economy and to help struggling families and individuals will continue to be grossly inadequate. Insurgents in his own party turned against him. He pushed through a huge amount of civil rights legislation. As a result, the zombie ideas of Reaganomics only grew stronger. We all honor the charging idol bulls of Wall Street who have taught us how to create an out-of-thin-air economy and who charge still against the warnings of a God Who always has stood as the alternate to mammon and Who now watches as mankind chooses the same devil who offered the world to Jesus on that desert. Found inside – Page 129... but his aunt Vanise.73 (Dis)possession, Voodoo Economics, and the Spirit of American Capitalism I proposed earlier ... but it can also be historicized with reference to “voodoo economics,” the notorious concept coined in 1980 by ... Vice President George H. W. Bush turned out to be a very good and loyal Vice President. A woman demonstrates outside the Federal Courthouse Tuesday, Nov. 23, 2021, in Charlottesville, Va., after a jury ordered 17 white nationalist leaders and … It was Bush who coined the term “Voodoo Economics” when referencing Reagan’s “Supply Side” idea that Steps like this to slow the revenue going into the Social Security trust fund are a sure sign that Bush is bent on joining the conservative push to reduce Social Security benefits. The top corporate statutory tax rate would be 20 percent, down from 35 percent. That curve-related government revenue with tax rates and argued that between 0 and 100% tax rates, which bring zero revenue, there will be one rate that would maximise it. Voodoo economics is a derogatory term used to describe the economic process known as supply-side economics. Bush. Spirit Daily Blog. Mostly they eulogize his decency (racist Willie Horton ad notwithstanding), his physical courage, his commitment to public service. See also here. The Zionist/Jew - Bank Of England, and US Federal "Rothschild, et al" Reserve. Opinions to start the day, in your inbox. Edward Said. In one fell swoop, the U.S. government increased its budget by fifty percent, and is about to increase it by another fifty percent with an additional package. The abruptness of the descent — and the near-lockdown of major cities — is unheard-of in advanced economies, more akin to wartime privation than to the downturn that accompanied the financial crisis more than a decade ago, or even the Great Depression. The voodoo: how can a nation already in debt to the tune of $23 trillion (a level President Trump, during his campaign, said would signal a financial armageddon) afford to go another four trillion in hock? Our nation and world need to rid our materialistic obsession and perhaps need to allow God to purify it. But the point here is money and its preeminent place in an American psyche. Prior to becoming Reagan's vice president, George H. W. Bush coined the term "voodoo economics" as a proposed synonym for Reaganomics. Re bad blood, you probably know this but I can only suggest that in 1980 there was a Republican contender who called Ronald Reagan dangerous, excessively conservative, etc., suggested that he had no understanding of economics, and so forth. Seeing as this song was released in 1992, that would have been 12 years in the past. Bush and Cheney, who I'm sure you voted for, doubled the national debt again, into the trillions. The reason is simple: Shareholders make more money when corporations use profits to inflate their stock price than they do if the profits are invested in better pay for workers and better products for consumers. Forty-five years on, voodoo economics is back in the spotlight with the visit to Australia of one of its chief shamans, Arthur Laffer. And he was assailed as a dunce and an economic illiterate. Voodoo economics are back with a vengeance. It was the GOP (Bush senior actually) who coined the term “voodoo economics” to describe Reagan’s trickle down hoax. Stephen Colbert commented he wasn't a bitter partisan. Baker was wary of pushing too hard for compromise, however, because of his former role as campaign manager for George Bush, the man who coined the ''voodoo economics'' phrase. The Objectives of Reaganomics . Wanna see what it looks like? Just this week, Jeb released his new tax plan and what do you know, it gives the super rich – including Jeb Bush himself – a whopping tax cut of $773,000.
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