Saturday, July 18, 2015

Scott Walker's Economic Ignorance Goes Unreported

By Jeff Simpson

ICYMI: Jimmie Fallon had a little fun with Scott Walker's lack of originality on the campaign trail. 

 In reality though it tells a deeper story of why Scott dresses like Les Nesman (you know the banksters laugh at him behind his back

Secondly, it also shows us why Kohl's needs millions of taxpayer WEDC dollars if they are paying one of the most divisive figures in Wisconsin's History to wear their shirts, who wants to shop there after that?

Finally, when Scott Walker talks about buying a shirt for a dollar, and then says this:

So, why do I focus so much attention on tax relief? Well, some of you know that Tonette and I like to shop at Kohl’s. Over the years, I’ve learned that if I’m going to buy a new shirt, I go to the rack that says that the shirt was $29.99 but now is $19.99. Then, I take the coupon from the Sunday paper up to the cashier or I take out the flyer that we get in the mail that gives us 15 or 20% off – or even 30% if we are really lucky.
Then, Tonette reaches into her purse and pulls out some Kohl’s cash. Next thing you know, they’re paying us to buy that shirt.
Well, not really. So how does a company like Kohl’s make money?
Volume. They make it off of volume.
You see, they could charge you $29.99 and a few of you could afford it or they can lower the price and broaden the base and make more money off of volume.
That’s what I think about your money – the taxpayers’ money. The government could charge the higher rates and a few of you could afford it. Or, we can lower the rates and broaden the base and increase the volume of people participating in our economy.
Years ago, we saw this kind of plan work well under President Ronald Reagan. Back then, it was called the Laffer Curve. Today, I call it the Kohl’s Curve because I believe that you can spend your own money far better than the government – and that will help grow the economy.
It shows how incredibly out of touch he is with not only reality but Economics 101.

If someone really thinks Kohl's makes money selling "volumes" of $1 shirts, then William Minahan wants to talk with you about investing in his company.

A person who thinks he is qualified to be President then who brings up the Laffer Curve as a successful model to base his policy on, despite the fact that the Laffer Curve has been laughed at by numerous economists.   Then Walker, wnats to double down and not only have an economy based ona widely debunked system, but he thinks the best way to run the American economy is as a "loss-leader" economy.

Unfortunately the product right now, that he is using as his loss leader is the Middle Class of Wisconsin!

The world can not afford someone this simplistic and naive to hold the most powerful position in the world!

Stop the madness!


  1. I've listened to preachers
    I've listened to fools
    I've watched all the dropouts
    Who make their own rules
    One person conditioned to rule and control
    The media sells it and you live the role

    Mental wounds still screaming
    Driving me insane
    I'm going off the rails on a crazy train
    I'm going off the rails on this crazy train!

  2. The other sickening part of the "Kohl's curve" argument is that it sssumes rich people and corporations are sitting back deciding how much money people should make. Employees have no say and no mobility, and the concept of "demand" for products or supply of labor never enters the equation.

    Walker believes in feudalism, with the 99% of us being the serfs.

  3. Also, we did NOT see "this kind of plan work under Ronald Reagan". Reagan's tax cuts created massive deficits, which he had to rectify by raising taxes again.

    Of course, it did have the effect of allowing them to reduce governmental services and effectiveness, as well as shifting the tax burden down the income curve, so perhaps THAT is what Walker is referring to as "success"...

    First CitiWide Bank specializes in providing customers with options. No matter the denomination, they can provide the exact change.