This chart comes from Mark Zandi, via Dardedar’s
blog, I thought it interesting because of
the current argument about food stamps. Checking just two of the items on the
page, note that food stamps bring in $1.73 for every dollar spent, a net boost
to the economy of 73 cents on the dollar, whereas corporate tax cuts return a paltry
$o.30 on the dollar, a net LOSS of 70 cents.
We need to try some ‘trickle up’ for
a while
Dardedar’s 2008
blog:
in reading more from Dardedar’s 2008
blog, his article
(which I just reprinted)
was challenged by a Republican reader, whose conclusions from the
data were exactly opposite those of Dardedar.
Noting that m0st of them were basically unsupported assertions rather than facts backed by evidence, Dardedar addressed the objections one-by-one and provided more documentation to support his points.
This exchange is so relevant to today’s issues I will reprint more of it in future
posts. (hint: Dardedar’s original conclusions withstood the challenge).
For anyone interested in the truth
behind many economic claims in these times of G0P mis- dis- and piss-poor
information, you can get a lot of it here
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