tag:blogger.com,1999:blog-2555123713188257297.post3036220175176613586..comments2023-12-14T21:55:11.213-05:00Comments on Mitchell Langbert's Blog: The Ulster County Republicans in a Can't-Do AmericaMitchell Langberthttp://www.blogger.com/profile/00722335216553899790noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-2555123713188257297.post-33827354039318700222011-05-19T17:21:18.207-04:002011-05-19T17:21:18.207-04:00The facts on unemployment are here:
http://data.bl...The facts on unemployment are here:<br />http://data.bls.gov/timeseries/LNU04000000?years_option=all_years&periods_option=specific_periods&periods=Annual+Data<br /><br />From 1992 to 2000 the average unemployment rate for the 8 years during Clinton was 6.1%. From 2001 to 2008 the average unemployment rate for the G.W. Bush years was 5.6%, lower than under Clinton. I'm not sure of your claim that Clinton increased taxes either. Funny that you talk about facts but make them up yourself. I guess that goes with being anonymous.<br /><br />Hard facts are that in the 19th century there was zero income tax and zero corporate tax and the real hourly wage was growing at a 2% annual clip. Since 1970 with a corporate tax and a high income tax cap of 50% (more earlier on) the growth in the real average wage has been zero. The result is that you earn 1/2 of what you would have earned had wages grown as they did prior to 1970. Instead of earning whatever non-elite wage you earn, you could be earning double it if America's were still a laissez faire economy. <br /><br />Although unemployment ddcreased during the inflationary 1980s and 1990s (during the Reagan, Bush I, and Clinton eras) this was accomplished through monetary expansion and the increased use of the dollar as the world's reserve currency. This has had the effect of depressing the real hourly wage. Sure unemployment fell because when you reduce wages demand for employment increases. That is what the Greenspan Fed did from Reagan through Bush. Note that this was not a Democratic or Republican philosophy. It is a Wall Street policy represented by the Democrats and equally by Rockefeller Republicans, including Reagan.<br /><br />The effect of monetary expansion and income taxation is income inequality, not unemployment. The reason is that assets increase in value but wages do not under inflation.<br /><br />The unemployment rate through the George W Bush administration was low if you don't mind working in Home Depot. The good jobs, the blue collar union jobs and the corporate jobs, had been driven away by the very policies that you are bragging about. Clinton produced McJobs, just like Bush<br /><br />Income taxes do not concern employers. They will pay a given wage, and the employee pays the tax. There is no reason for income taxes to reduce demand for labor. But the effect of income taxes is to eliminate savings by workers. The reason is that they are paying half their income in taxes and so cannot afford to save.<br /><br />That is the fact, my anonymous correspondent. You are living in a fantasy world concocted by Keynesian ideologues and Wall Street. You are advocating policies that cut your livelihood by 50%. You call me whose earnings have not increased since I left the corporate world in 1986 an elitist, but you parrot the claims of George Soros and Warren Buffett, who count their wealth in the tens of billions. <br /><br />If there were no Fed and the US dollar did not function as the reserve currency for the world the average hourly wage in America would be double what it is today. Of course, the owner of the New York Times, Democrat Arthur Ochs Sulzberger, and his billionaire Democrat friends at Goldman Sachs, George Soros and Warren Buffett would be much worse off. But the average American who makes under $100,000, like me, would be much better off.Mitchell Langberthttps://www.blogger.com/profile/00722335216553899790noreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-38245430951883888122011-05-19T13:14:01.151-04:002011-05-19T13:14:01.151-04:00BTW you forgot that Clinton raised taxes and Ameri...BTW you forgot that Clinton raised taxes and America created 21 million new jobs. And Bush cut taxes and drove the country into doldrums. These are hard facts. Deal with the hard facts Dr. Langbert.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-9721182389170887562011-05-19T11:19:59.982-04:002011-05-19T11:19:59.982-04:00I can' explain all the ways that the fraudulen...I can' explain all the ways that the fraudulent media and your deficient education in public schools has deluded you into believing in ideas that are detrimental to your own future. But keep reading my blog and you will learn.Mitchell Langberthttps://www.blogger.com/profile/00722335216553899790noreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-29147621850606971372011-05-19T11:19:10.880-04:002011-05-19T11:19:10.880-04:00Although the Koch brothers receive tax breaks, wha...Although the Koch brothers receive tax breaks, what about these Democrats or "liberal" Republicans: George Soros, Bill Gates, Warren Buffett, Larry Paige, Paul Pelosi, Mike Bloomberg, David Rockefeller? These beneficiaries of the current high tax/high inflation system all advocate higher taxes and more inflation. The Democrats' story is that these people are true altruists. But why is it that someoen like Koch who thinks that workers shouldn't be taxed is selfish, while someone like Buffett who aims to tax his competition is an altruist?Mitchell Langberthttps://www.blogger.com/profile/00722335216553899790noreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-53431627325154797922011-05-19T11:16:41.519-04:002011-05-19T11:16:41.519-04:00During that period of real wage growth you had no ...During that period of real wage growth you had no income tax, limited government and no Federal Reserve Bank. But three groups were unhappy. First, the owners of businesses and Wall Street were extremely unhappy with laissez faire. They wanted a central bank to create inflation because inflation boosts the stock market. The second group that was unhappy included real estate investors, including farmers, who also wanted inflation because inflation reduces the economic cost of repaying loans and also boosts property values. The third group was immigrant laborers. They did not understand that the jobs that they obtained here in America existed because of freedom or laissez faire. They came to America because of opportunity, but opposed freedom because they believed, like you, that the economic opportunity that freedom creates is irrelevant to the economic results that existed in America and nowhere else, including many countries that had had open frontiers, such as South America and Europe throughout the Middle Ages. <br /><br />The group that opposed Jackson called themselves the Whigs. They weren't very successful. But there was the issue of slavery, and many of Jackson's supporters lived in the South. The Democratic Party thus became half southern slaveholder and half northern union worker. The Whigs changed their name to Republican, and established themselves as the dominant national party after the Civil War.<br /><br />Having achieved dominance, it took the Whigs about 40 years to reestablish Henry Clay's philosophy. They called it "Progressivism." Progressivism established government programs supposedly to regulate corporations, the income tax and the central bank, the Fed. The Progressives claimed that these regulated business. But they did the reverse. They did the things that business wanted: they stabilized markets, they limited competition by raising costs, they established easy credit, creating an invisible inflation tax on workers, and they limited capital formation among workers through the income tax. This was not done quickly, but over the ensuring 80 years.Mitchell Langberthttps://www.blogger.com/profile/00722335216553899790noreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-39090514577953749132011-05-19T11:03:58.446-04:002011-05-19T11:03:58.446-04:00Jackson won and in 1836, his last year in office, ...Jackson won and in 1836, his last year in office, he rescinded the charter of the Second Bank. America had no "Fed" for nearly 80 years as a result. During that period there was deflation and real (inflation adjusted wages) rose. The average worker was twice as well off in 1890 than he was in 1840. The average worker in 2011 is no better off than the average worker in 1970. (cont.)Mitchell Langberthttps://www.blogger.com/profile/00722335216553899790noreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-69506740459638192082011-05-19T11:02:32.905-04:002011-05-19T11:02:32.905-04:00Those who opposed the high taxes and subsidies to ...Those who opposed the high taxes and subsidies to the rich were called Democratic Republicans. The Federalists were led by Hamilton, the Republicans were led by Jefferson. The Federalists won. The country became more centralized. The First and then Second Banks of the United States were established, and benefits provided to the wealthy via loans and monetary expansion, just like now.<br /><br />In the 1820s, Andrew Jackson founded the Democratic Party in order to kill the bank and end the inflation tax. By then, Jefferson had been largely coopted by the Federalist view. So he along with a group led by Henry Clay, who advocated more or less the same big government position, high taxes, a central bank, public works, government programs, opposed Jackson, who represented the working man. The workingmen opposed inflation because they knew it was a tax on them. (cont.)Mitchell Langberthttps://www.blogger.com/profile/00722335216553899790noreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-87373688955385221162011-05-19T10:58:12.570-04:002011-05-19T10:58:12.570-04:00No, dear. You don't understand the ideas of fr...No, dear. You don't understand the ideas of freedom. Freedom has nothing to do with tax breaks, just the reverse. Like many Americans, you watch TV and read the news. But you don't ask whether the special interests who receive tax breaks own the TV stations and the newspapers, and so paint the issues in a way that leads to the kinds of conclusions that you draw.<br /><br />I don't see what schools I went to having anything to do with anything. I like to write, and I sometime use big words. If you feel that is problematic, I think that your education has been faulty, not that mine is "elite." I do my best for my students, but ultimately learning is up to the individual. And if you think all I do is teach a few hours a week, you don't know. I can't argue with you because you started with the premise that academics are lazy. But you have no evidence.<br /><br />Getting back to your analysis of what has gone on here, you might be interested to know that taxes were a problem in Britain in the 16th century and they were a problem in Rome in the 3rd century. The solution that both governments deduced was depreciation of the currency, inflation. <br /><br />In the 19th century there was a battle between two groups. The first group, representing the wealthy and favoring higher taxes, subsidies to business and the interests of bankers were called the Federalists (cont.)Mitchell Langberthttps://www.blogger.com/profile/00722335216553899790noreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-5806091651433321692011-05-19T03:50:47.779-04:002011-05-19T03:50:47.779-04:00You just use big words and remind everyone that yo...You just use big words and remind everyone that you are a very learned person, having attended elite schools. And you teach a few hours a week and claim that you are a regular Joe Schmoe.<br /><br />What I see is an America that can do anything that it wants to do. It is still the best country in the world. But in the last four decades the corporations, using their financial power have gutted the middle class. Tax breaks for the wealthy, tax breaks and special treatment for corporations, tax breaks for taking our jobs to China, giving money to Wall Street, that is corporatist America at work. They do not care a whit about you and I, they just want profits. The Koch Brothers want environmental regulations to be relaxed they get it; Wall Street wants a tax break they get it; when corporate welfare is to be eliminated for the oil barons they protect it. We have become an oligarchy where oligarchs rule. And Dr. Langbert this is what you support under the guise of the philosophy that you spout.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-74133815032862465792011-05-18T12:52:35.920-04:002011-05-18T12:52:35.920-04:00If you understand what I wrote, you know that it&#...If you understand what I wrote, you know that it's not anti-American. My guess is that you haven't read my blog any more than you've ever read anything by Jefferson, Hamilton or Madison. Before you post again, please let me know what you've read. I'd like to ask you about it to see if you understood a word, because my guess is that you did not.<br /><br />It's great that America caught bin Laden, as I blog at http://mitchell-langbert.blogspot.com/2011/05/yer-blues-beatles-celebrate-bin-laden.html. After 10 years, though, it hardly suggested that the long term decline has reversed.<br /><br />A stagnant real hourly wage for the past four decades isn't much to brag about. Nor is increasing government suppression in areas like the Patriot Act and monetary policy. Perhaps you should educate yourself about what this country has ever stood for. Have you ever actually read any Jefferson, or have you relied on the interpretations of Progressives to misinform you as to what America is? Your opinion is that we're no different from a European tyranny. With Progressives like you in America, no wonder America is turning into a militaristic Sweden.Mitchell Langberthttps://www.blogger.com/profile/00722335216553899790noreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-39436932392483764692011-05-18T06:15:43.250-04:002011-05-18T06:15:43.250-04:00Can't do America? Huh? We just got Bin Laden...Can't do America? Huh? We just got Bin Laden...right from underneath the nose of the Pakistanis"s. Can't do? You are anti-American.Anonymousnoreply@blogger.com