The article “An economic school has led to gridlock in Washington” describes how the GOP is ignoring history and adhering to a hypocrisy that any use of government spending leads to dictatorship. The article demonstrates that this tactic has failed everywhere it has been tried. The article demonstrates that the theory the Democrats have used has always been adopted to improve these disasters.
The article notes that in the 2012 Republican presidential contest libertarian Ron Paul was making speech in which the article points out that in his term “Tricky Dick” admitted that every politician should believe in the federal government pumping money into a failing economy.
President Nixon has been proven to be correct by history in this matter, but the current GOP disregards this as the article states–regarding this Paul speech “He was quoting a supporter who had noted a line attributed to President Richard Nixon that “we’re all Keynesians now.” Paul observed that back then, even Republicans “accepted liberal economics.”
The GOP can hide behind not wanting to increase the deficit now, but that wasn’t the case as the article states “Broadly popular measures such as raising the minimum wage and extending unemployment insurance – normal, bipartisan legislation during the Keynesian heyday – are blocked on the assumption that people are better off if the government simply keeps its mitts off the market.”
Due to the “Party of No” we have the unemployed not getting an extension of unemployment insurance and the working poor not getting their wage increased. Why? There was a recent period were these were automatically accomplished because there are economic facts showing that these measures will help our economy and produce jobs.
Denying of funds for the 99% has been a GOP tactic in the President Obama administration. The article “2011 American Jobs Act” contains this quote from our President “Without a doubt, the most urgent challenge that we face right now is getting our economy to grow faster and to create more jobs…. we can’t wait for an increasingly dysfunctional Congress to do its job. Where they won’t act, I will.”
President Obama’s party has always agreed with him on his approach to the economy because the Democrats continue to be Keynesians.
Politics is replete with phoniness and the GOP cauldron of hypocrisy bred “Tricky Dick”. If you looked at the GOP policies objectively you would think they want big government because their policies would force the 99% below a subsistence level.
The GOP wants the 99% to have salaries that will keep them at the mercy of federal government handouts.
The GOP won’t extend unemployment insurance. How are those people to survive other than by federal government programs?
The Democrats want workers to receive wages in which they would be able to provide for their families. The Democrats want citizens who have lost their jobs to survive during their period of unemployment.