Pages

Tuesday, April 14, 2015

Right Out Of The Gate, Rubio Wrong On Economic History - Egregiously Wrong

Republican Rule And Economic Catastrophe, A Lockstep Relationship

The Republican Party Is Terrible For Prosperity But Unparalleled For Catastrophe

"The Party of Personal Responsibility" Is "The Party Of Personal Irresponsibility"

Compendium Of Best Pax Posts On "Too Pure Principles" And The Collapse Of Conservatism

Compendium Of Best Pax Posts: 
What's Wrong With American Conservatism?


Quote of the day: "Our leaders put us at a disadvantage by taxing, borrowing and regulating like it’s 1999." -- Sen. Rubio

CHAIT: Actually, the government was running a surplus in 1999. "In 1999, the economy was booming, yielding wage gains up and down the income spectrum that the subsequent Bush recovery never produced. The government was not, in fact, borrowing at all, but instead running a large surplus. The best criticism of that era’s economic policies is that both parties giddily acquiesced to deregulation of the financial industry that played a role in the crash eight years later. But that criticism represents the opposite of Rubio’s charge that government engaged in excessive regulation. The line is perfectly emblematic of Rubio’s worldview, which axiomatically associates prosperity with a reduction in taxes and borrowing and regulation, with no need to reconcile its assumptions with real-world results." New York.



No comments:

Post a Comment