Barack Obama was remarkably slow on the uptake regarding his pastor's anti-white rants and anti-Americanism. It took 20 years for the verbally accomplished Obama to utter a negative peep. Similarly, Sen. Obama is remarkably slow when it comes to economics, when it comes to understanding the long-established links between tax cuts, investment, job growth and prosperity.
It's not hard to understand supply-side economics. High taxes slow down economic activity. That's why we tax cigarettes. On a larger scale, the Kennedy-Johnson tax cuts in 1964, reducing the top marginal rate on income over $400,000 from 91 percent to 70 percent and cutting the bottom rate from 20 percent to 14 percent, produced an upsurge in investment, an increase in overall economic growth, and a decrease in unemployment from 5.2 percent in 1964 to 3.8 percent in 1966.
Brief Article
... that only some sectoral and geographical dummies are non-significant at the 99% level. The [chi squ... countries?", Journal of Applied Economics, 7 (1), 77-98. . Gabbi, G. & A. Sironi (2005), "Wh...
...].sub.4] [Leverage.sub.i,t] + Industry dummies + [[epsilon].sub.i,t] (1) . Table 3 Panel A report...
I read with great interest Ralph R. Reiland's column titled "JFK's Economics for Dummies" (May 12 and PghTrib.com), but at the same time I couldn't help but laugh at his feeble understanding of the legacy and presidency of our last great leader. The quotes cited by Reiland were made before a group of the country's most powerful investment bankers and, as such, should be taken in that context. Reiland's words -- "To get the economy moving, in short, Kennedy argued for fewer fetters, fewer shackles, on the private sector by an overblown and confiscatory government" - - most certainly would never have been uttered by Kennedy himself.
... Relay Networking and co-author of ATM for Dummies. She holds a degree in economics from the Universi...
What I know about the financial world could fit on the back of a check, which is why I was so eager to get my hands on Andrew Ross Sorkin's "Too Big to Fail," a book that promised to explain the 2008 financial crisis in a way that even dummies could comprehend. The publishers overestimated my intelligence. Sorkin wrote a terrific thriller, but for those of us who squeaked out a C-minus in economics, there's an overwhelming number of references to short sellers, downgrades and subprime mortgages.
...Journal of Economics and Business, 60, 47-66. . Conference of State Ban... 0.101 0.0461 (0.92) (1.33) (0.46) State Dummies Yes Yes Yes Year Dummies Yes Yes Yes N 8277 7922 6...
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