To: swaimh
I don't know how to post a link, or I'd make this real easy, but go to google and type in "Laffer economics" and it will bring up a ton of good sites.
Art Laffer is considered to be The Father of Supply Side economics, and introduced the concepts to JFK as a young guy in his twenties.
As good as it works, one of the downsides is that it takes quite a while, as much as several years, to kick in to the point where revenues to the treasury increase, and hence "the Clinton Economy," brought to you by George H.W. Bush #41, and his push to lower interest rates during the latter part of his term.
As an aside, other than raising taxes, what WAS #42's economic policy? None. He did nothing. No economic policies were proposed or enacted. Not that I can remember, anyway. So if someone says, "Clinton is SO great with the economy, ask them to name one economic policy. There aren't any. He just kicked back, stayed out of the way and partied.
To: oprahstheantichrist
"So if someone says, "Clinton is SO great with the economy, ask them to name one economic policy"
The perfect example of the absolute that a president cannot help the economy he can only get in the way.
24 posted on
05/08/2003 7:22:30 PM PDT by
groanup
To: oprahstheantichrist
So if someone says, "Clinton is SO great with the economy, ask them to name one economic policy. There aren't any. respectfully disagree....(only because his tax increase is what amounts to "economic policy" for dems!) :)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson