Skip to comments.Are Republican Policies Good or Bad for the Economy?
Posted on 11/03/2012 4:07:13 AM PDT by Moseley
What policies will create jobs and a strong economy? As we face the November 6 election, are Democrats or Republicans better for jobs and economic opportunity?
Liberal Keynesian economics is in the DNA of the Democrat Party. Mitt Romney brilliantly labeled it trickle down government. Free enterprise and limited government are the heart and soul of the Republican Party. These two economic perspectives form the basis of the two political parties.
Barack Obama could win re-election after a disastrous four-year term simply because Democrats argue that Republicans will be worse. Their main theme is that George Bush destroyed the economy and Romney would repeat George Bushs mistakes. It is entirely reasonable for voters to think the economy has been bad under Obama, but it might be too dangerous to risk repeating the 2008 economic crash.
Mitt Romney and Republicans urgently need to answer this. It is the most important question in the election and the most important issue on peoples minds. No matter how bad Obama has been, would Romney be worse?
Yet Democrats have Keynesian Economics in their blood. They know the country is dependent upon government and the economy grows from increased government spending. Franklin Roosevelts New Deal is the Holy Writ of Democrats. Eventually, Roosevelts Treasury Secretary Henry Morgantheau testified in Congress that massive government spending failed to improve the economy. Morgantheau conceded that Keynesian Economics doesnt work. [See http://www.humanevents.com/2009/01/20/get-over-it-new-deal-didnt-do-the-job/ and http://blog.heritage.org/2009/01/14/were-spending-more-than-ever-and-it-doesnt-work/] Yet Democrats believe in it like a religion. Keynesian Economics fails because the government has no money to spend and must borrow it, sucking it out of the economy. [See http://curesocialism.blogspot.com/2010/06/government-cannot-stimulate-economy.html ]
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Don’t agree with the premise of the question. Should be are Conservative policies good, yes. Are republican, who knows, too many rinos,,,,
I would accept that, but the context right now is that undecided voters are making a choice on election day. Agree that sometimes the GOP has abandoned conservative policies and abandoned good policies.
Just like in EVERY CASE , when
Republicans pick up power, the economy does better. When dim-0s pick up power,
the economy falters.
It happened when carter gained the WH, the economy got WORSE.
It happened when Reagan gained the WH, the economy got BETTER.
It happened when clinton gained the WH, economic growth dropped from over 4%,
to about 2% 2 years later.
It happened in jan ‘95, when Republicans took over congress, the economy caught
fire and sported some of the best times in our history, including balanced
budgets and even a PROJECTED surplus.
It happened in jan ‘00 when W. gained the WH. He inherited a recession, a crashing market and 9-11 with terrorists in our country planning and training. He turned that into the longest running jobs expansion in our history with an average 5.2% unemployment number.
It happened AGAIN in jan ‘07, when dim-0 gained control of congress promising
“CHANGE” from the 4.4% unemployment, mid 4% economic growth, and the
longest running jobs expansion in the history of the nation.
“CHANGED” to depression.
It depends on whose brand of conservatism is compared. Bush’s patriot act and stimulus conservatism, no. Perry’s don’t mess with Texas conservatism is shades better... Bachmans question everything conservatism is even better still. Romney’s conservatism.. shudder. Founding Father conservatism... I guess we will never know much more than, it worked a long time ago. I am astounded as I read the Old Testament how this country parallels Israel.
> Are Republican Policies Good or Bad for the Economy?
It doesn’t matter. Anyone’s policies are better than Obama’s !!!!!
You’re right. Republican policies have been to increase regulation and taxes, just at a slightly slower pace than the Democrats.
Keynes gets a somewhat worse reputation than he deserves, He did not believe in a permanent deficit but in a cyclically balanced budget. In recession, according to Keynes, tax revenue would drop and the deficit would stimulate a recovery and in an inflated, overheated economy, tax revenues would rise, creating a surplus which would cool down inflationary trends. In a limited, demand-side sense, Reagan might could be considered more of a true Keynesian than the leftists who use Keynes as an excuse to eternally grow government.
“Are republican, who knows, too many rinos,,,,’
The trouble with RINOs is that they don’t rescind rat policies when they’re in power. They nibble at the edges and try to make them “better.”
“Republican” policies - may or may not be good for the economy. It depends. Which Republican? G. Bush, G.W. Bush - no. R.R. - yes.
Sometimes being less worse than the Democrats is not good enough.
BTW I actually liked the platform of G.W. Bush of 2000.
A Republic is a system of governance characterized by the Rule of Law.
When the Law fails to govern, the Republic ceases to exist.
For America, the specified purpose of government was “TO SECURE THESE RIGHTS”.
To secure these rights from what?