That’s 2.2 percent of GDP less than last year, 3.3 percent less than inĢ007, and 1.8 percent less than the lowest percentage recorded during the Reagan Many conservatives predicted would cause a recession but led to one of theĪccording to the CBO, federal taxes will amount to just 15.5 percent of GDP this The same could be said of Clinton’s 1993 tax increase, which Legislation was a critical prerequisite to recovery because it led to a decline Indeed, one could easily argue that the enactment of that Įven though the nation was still in a recession that didn’t end until November Pass one of the largest tax increases in American history in September 1982. They forget that Ronald Reagan worked hard to
Medicine for America’s economic woes is more tax cuts at a minimum, any tax
[list ofĬonservatives delude themselves that the Bush tax cuts worked and that the best Consider these comparisons between Bush and Clinton. Into the recession, Kudlow praised Bush for having prevented a recession.īut the truth was always that the economy performed very, very badly under Bush,Īnd the best efforts of his cheerleaders cannot change that fact because theĭata don’t lie. Outperforming all expectations.” In a column on May 2, 2008, almost six months Recession already began, he wrote in National Review: “the Goldilocks economy is extravagantlyĮxtolled Bush’s economic policies. Throughout the Bush years, many conservative economists. This is apparent when we compare Bush’s two terms to He extremely poor economic performance of the Bush years really set the stageįor the current recession. According to the National Bureau ofĮconomic Research, the recession began in December 2007-long before Obama was That the recession, which led to so many of the policies they oppose, is almostĮntirely the result of Bush’s policies. To a large extent, Obama is onlyĬleaning up messes created by Bush. Under any conceivable set of policies enacted since Barack Obama’s inauguration. The grossĭomestic product and the level of employment would be pretty much the same today The economy is like an ocean liner that turns only very slowly. John McCain had won the election? I know of no economist who holds that view.
Does anyone believe theĮconomy would be growing faster or that unemployment would be lower today if The GOP's Misplaced Rage, by Bruce Bartlett. Message without effective rebuttal, why not make outrageous claims?: Underlying truth in their attempt to grab viewers). Major media (who instead seem to fan the flames of outrage irrespective of the It doesn't hurt your credibility to say false or misleading thingsĪbout the Obama administration if there is no accountability for it from the Own party, public blame of themselves or public blame of the currentĪdministration, my concern is that they can falsely blame the currentĪdministration and make questionable assertions without getting called on it in I'll let conservatives figure out what is best for their Holding Republican Party memebers publicly accountable for transgressions ofĬonservative ideals. That displacing the blame delays adjustments the GOP needs to make, the argumentīelow is that conservatives will not reestablish credibility until they begin If they can get away with it, why not? I suppose you could argue I don't blame conservatives for trying to hang our problems on the ObamaĪdministration. Bruce Bartlett argues that conservative anger is misplaced, it ought to beĭirected at George Bush rather than the current administration.
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