Conservatives believe cutting taxes and deregulating is better for the economy THEN shifting taxes to the rich and increasing social spending to help the American people. In fact, they believe social spending leads to recessions and deficits.
HOWEVER, when you look at historical economic data, the opposite happens. Keynesian economics is superior to supply side economics the vast majority of time.
This is what I think:
It is an EXPLANATION when you explain how Keynesian economic theory works most of the time. It is an EXCUSE when cons have to explain how their theories about economics don't work most of the time.
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2007-07-16
03:00:09
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7 answers
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asked by
trovalta_stinks_2
3
in
Politics & Government
➔ Politics
REPUBLICANS ON CLINTON'S 1993 ECONOMIC PLAN (NOT A SINGLE REPUBLICAN VOTED FOR IT)
"The tax increase will kill jobs and lead to a recession, and the recession will force people off of work and onto unemployment and will actually increase the deficit."
- Newt Gingrish
"I believe this will lead to a recession next year... Stay tuned for the next 60 days... I think we're frankly now living on borrowed time."
- Newt Gingrish
"A recipe for economic disaster..."
- Phil Crane of Illinois
"It is going to lead to a Clintastrophy, an economic Clintastrophy..."
- Indiana's Dan Burton.
"April Fool, America. This Clinton budget plan will not create jobs, will not grow the economy, and will not reduce the deficit."
- Sen. Pete Domenici of New Mexico
"This plan will not work... If it was to work, then I'd have to become a Democrat and believe that more taxes and bigger government is the answer."
- Kasich of Ohio
2007-07-16
03:00:50 ·
update #1