When it comes down to it, aren't con economic theories based on faith and not facts?

Conservatives truly believe that if you cut taxes (mostly for the rich), deregulate the economy (let corporations do whatever they want), and cut social programs (like the GI Bill, student grants, subsidized loans), the economy grows best.

Yet. If they were to compare the rate of change in inflation adjusted GDP, unemployment, poverty rates, inflation adjusted median wages, etc, etc, for Reagan and Bush Jr versus past presidents, they would see they are WRONG.

There is no evidence (FACTS) to prove the economy grows best under supply siders.

It seems to me their belief in supply side economics is based on faith alone.

When it comes down to it, aren%26#039;t con economic theories based on faith and not facts?credit repair

Well said, speak the truth.

When it comes down to it, aren%26#039;t con economic theories based on faith and not facts? loan

I%26#039;d like to see what an economist thinks about that. It%26#039;s hard to decide what makes sense in economics. It makes me think voodoo really is the best approach.

Edit:

Why am I getting thumbs down for wanting to see an expert%26#039;s opinion on this? I think I%26#039;m being pretty fair in merely asking for more information. Or is it the voodoo thing?|||So are you going to ask a question where you honestly want an answer? Or are you just going to keep telling everyone what other people think?|||Facts. Unlike your list of conservatives economic beliefs..|||Okay, Mr. Economist. You have convinced me. Run for President, I%26#039;ll vote for you, and we%26#039;ll see if you can become a two-termer.|||lol

If there were facts to back up these theories, they would be called economic laws, not economic theories.

Either statement can work, supply creates demand or demand creates supply. These are two totally workable theories. Anyone with any reasoning ability should think that a balance of the two would work best.

I think, however, that there are downsides particular to each theory. Supply creates demand is inflationary, whereas demand creates supply is deflationary.|||you spout unsupportable information just like %26quot;they%26quot; do. If you are going to use numbers/statistics to support anything you say, we all know that statistics are easy to manipulate, than your statements are no more valid than %26quot;theirs%26quot;.

Any economic model will work if the whole machine is geared together to make it work. Our current system is struggling because of the decided split in what is considered the %26quot;correct%26quot; way to run it.

Look at history and all the different ways various governments have handled their economic regimes. They all worked for some period of time and then change occurred and brought them down. Extrapolate that into modern times and project what will happen now.|||Most economists are libertarians. Which believe government should stay ourt of the free market. So I%26#039;d say they are closer to conservative economic principles than liberal economic priciples.|||I would just like to see the government downsized and LIMITED to its constitutionally permitted duties. There is no constituional authority for socialist programs like the welfare state programs, Medicaid, Medicare, SCHIP, %26quot;disaster relief%26quot;, or education (indoctrination). It has been proven over and over again throughout history that the less governmental interference businesses have to deal with, the more market based they are nad the more profitable. Governmental agencies like EPA and OSHA exist solely to interfere in a free, market based economy.|||It also heavily depends on industry and circumstance. De-regulation and tax breaks can definitley, in theory, spur on more consumer spending. However, what usually happens is not quite the case.

Regan%26#039;s economic success had alot to do with oil prices crashing after the OPEC crisis. Bush%26#039;s economic policies are more interventionist.. yet not nearly as strongly performed because of a variety of factors. The US is a consuming service economy now... not an inudstrial manufacturing one.

So I disagree in one way.. there is evidence to suggest that supply side economics are a bit of a pipe dream. Any economics major that actually listened in school would know this.