… that the American people are better off – economically – under a Republican administration, they are off on that planet Barney Frank talked about, because it is simply not the case.
How do we know this?
Well, as simply put as possible – you just have to look at the figures.
Not convinced? Well why not? Those are official figures – they are showing that GDP grows more under a Democrat administration, taxes come down, social programs are better paid for and – and this is the kicker – deficit comes down.
Take the woeful president Reagan: He raised the deficit and then it was raised again by the next Republican. No new taxes, indeed! It was only when Clinton came into office – or left it we should say, did the US actually have accounts in the black!
What happened then? G W Bush happened – and when he left office? You know that part of history.
The only people who get decidedly wealthier while a Republican is in office – the top 1 to 10%.
How then, is that better for the working-class or, indeed, the middle class?
Obama has, as one of his first actions as president, reduced taxes for 95% of the American workers/middle-class! Rather than shouting him down the Right should be singing his praise because he has already done what they want from a government.
What he also inherited, Obama that is, was an American economy that was tail-spinning into oblivion because of Reaganomic policies followed by G W Bush!
That has almost been turned around.
Does there need to be efficiencies? Of course – no one will argue that. But, and this is what irks me more than most things in debating economics – the Right keep telling ‘the people’ that the only way to cut deficits is to cut spending. If, and that is a BIG if, it was as easy as that there would never be a problem – for anyone. You cannot conduct a national economy the same way you balance your chequeing account!
If you did, the economy would be dead within a week!
We pay taxes for a lot of things – how we utilise that money is what counts. If there are not taxes there is no anything, no police, no schools, and no roads ad infinitum.
Middle-class and working-class republicans vote against themselves, their own self-interest – which, to me, doesn’t seem that much of Republicanism at all.
As for being fiscally conservative – there isn’t any evidence that this is the case either. Republican administrations spend what they don’t have – and then give away (spend government incomes) even more in tax cuts for the rich.
That is just nuts!