I would say that Kennedy's tax cuts had a more beneficial impact at alleviating poverty than LBJ's billion (and now trillion) dollar entitlement programs of the Great Society. After the Kennedy tax cut was passed the economy grew and unemployment fell. I would say that is reducing poverty. And it was done by government getting out of the way instead of 'solving' our poverty problem. That market-thing actually did work.
I know you'd say it, but you don't give any evidence that it's true. You don't explain the mechanism, and you don't show causation. And sadly, the economy can grow and unemployment can fall without reducing poverty at all. The question is, what kind of economic growth, and what kind of jobs?
Well, creating the most prosperous society the world has ever seen. That is pretty good evidence.
Assuming you mean the U.S., we didn't create it with free markets. We created it with labor laws, labor unions, regulation and socialism. What we got from free markets was a privileged class famous almost solely for excess, strip mining, unsafe railways, unsafe working conditions, unsafe drinking water, out-of-control air and water pollution, the urban working classes working 16 hours a day before they coughed up their lungs at 40 or 50, the rural working classes living without electricity or telephone service, and most of our old people living in desperate poverty.
It's what is called the 'crowding out' factor in libertarian political thought. The billions of dollars spent on our welfare bureaucracy displace the resources of private charities.
How does that work, exactly, Joe? The problem I notice with libertarian thinking is that it's mostly magical thinking, short on evidence.
Many people have a default position that our generous safety net programs will catch the poor as they fall. But they don't.
And who will catch them when we eliminate the social safety net? The churches, who can't catch them even now, with substantial help from the government? I think the same people will catch them who caught them before we had a social safety net: Nobody.
Of which you can point to zero.
I don't know enough about economics and economic history to say for sure, and I'm trying to avoid making faith-based claims like yours.
One criteria is more jobs (As VP Biden would say, it's about that three letter word JOBS). The more jobs we create the less the unemployment rate is. As the unemployment rate is reduced most likely poverty is reduced.
You're just speculating based on what you want to believe. Take away one great job and replace it with two lousy jobs, and your formula calls that a win.
And let us not forget you are the one who highlighted the Clinton presidency as a one where poverty was reduced.
Let's not forget that what I did was to color-code a chart to show when the party in power changed. As far as what I actually said, I specifically highlighted LBJ as more successful than Clinton or the Republicans.
It looks like NAFTA played a pretty big role. I mean, after its implementation our unemployment rate continued to go down, Canada's unemployment rate want down and Mexico added jobs (of course they have other problems). You seem sure there are negative economic consequences of NAFTA, but you cannot come up with any.
We lost a lot of well-paid jobs with good benefits. I come from a hillbilly family. NAFTA brought economic desperation to Appalachia that we haven't seen since the Great Depression. All our manufacturing jobs left. In my grandfather's hometown, the biggest employers now are the mine and and the county -- and the county's going bust because the tax base is drying up. People my age and younger, whose families lived in the county a hundred years before it
was a county are facing the facts:
Our kids are going to have to move off. If the mine ever closes, we'll have to move off, too.
My cousin, having worked at a manufacturing job for over 20 years, was making good money and had good benefits. He got caught in the massive manufacturing layoffs. Now he works as a janitor for eight dollars an hour. He could actually make more money on unemployment that he makes at his new job, but he's too proud to go on unemployment. By your reckoning, my cousin hasn't taken a step back. He had a job, and he's got a job. Even Steven. Except he did have a good job, and now he's got a lousy job.
There are tens of thousands of people just like that, and more who can't even find a job as a janitor.
With NAFTA, the government -- Republicans and Democrats alike -- sold out the working class. It hasn't benefited workers in the U.S. or in Mexico. It hasn't benefited consumers, either. When Levi Strauss quit manufacturing blue jeans in America and started having them manufactured abroad for a fraction of the cost, did the cost to consumers go down? Please. NAFTA was a gold mine for rich; the rest of us got the shaft.
Things are not as simple as you make out. They never are as simple as free-market believers make out.