- Jan 27, 2014
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https://www.washingtonpost.com/blog...xplain-why-their-economic-ideas-keep-failing/
It doesn't take a Washington Post Opinion article, nor a degree in Rocket Surgery, to realize GOP Economics just don't work.
Forget about the last sentence, let's focus on the bold.
What is the cause of failed GOP Economics?
As Brian Beutler noted afterward, that is exactly what Democrats will be saying next year. So how did Fiorina respond? She told the story of a woman she met who worries about her economic situation, then said, Yes, problems have gotten much worse under Democrats, which is the opposite of the truth, then went on to decry how government has been crushing the engine of economic growth for a very long time.
In other words, she didnt answer the question. But its essence is this. The Republican candidates all propose variations on the same theme, which is that the way to boost the economy is to cut taxes and scale back government regulation of business. In other words, heres the plan all the Republicans agree on:
1) Cut taxes, particularly for the wealthy.
2) Scale back regulations on business.
3) Watch the economy boom.
The trouble is that weve been testing their theory for some time now, and it isnt holding up well.
It doesn't take a Washington Post Opinion article, nor a degree in Rocket Surgery, to realize GOP Economics just don't work.
But Republicans still havent answered the basic question: Why does the Republican theory about what moves the economy keep failing? Something tells me they never will.
Forget about the last sentence, let's focus on the bold.
What is the cause of failed GOP Economics?