If two groups of people have 2 different ideas of how the economy works best and one is proven wrong much more often then not...
isn't that group's reason for why they were wrong an EXCUSE not an explanation?
Take for example Reaganomics versus Keynesian economics. Historical economic data shows keynesians outperforming supply siders.
In response, cons love to make all these sad excuses. For example they say that under FDR, the economy had nowhere to go but up. Fact is that after the stock market crash of 1929, the economy kept going downhill for FOUR STRAIGHT YEARS. It could have definitely kept tanking for alot longer.
Another EXCUSE they use is well it was all WWII spending. Again, the fact is the economy grew by 88.14% from 32' to 41' (WHICH DOES NOT INCLUDE WWII). No other president saw that kind of growth. Not even close.
2007-09-21
21:03:07
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6 answers
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asked by
Anonymous
in
Politics & Government
➔ Politics