Were you better off 8 years ago? The Myth of Republican fiscal Conservatism
Currently, as this Republican president is about to leave office, our country is 9.7 trillion dollars in debt, the unemployment rate is 6.1%, we have a $357 billion dollar budget deficit, and gas is $4 a gallon. We are also on our way to a fifty year high deficit. Eight years ago, when President Bill Clinton, a democrat left the office, we had a 4.2 unemployment rate, $281 billion dollar budget surplus, we were only 5.7 trillion dollars in debt, and gas was $1.46 a gallon. In addition, last month alone America lost 84,000 jobs. McCain, in his attempt to re-brand himself, claims that the Republicans have lost their way. This is a proven falsehood, the last six Republican Presidents have been fiscal spendthrifts.
In 1981 the gross national debt, compared to the nation’s annual income, reached its lowest point since 1931. Despite his claim to hate the debt, Reagan instituted unprecedented peacetime deficit spending. This is not partisan politics, this is straight off the White House web site. Bush II repeated Reagan’s performance and turned the debt upward again. Bush II’s own Office of Management and Budget provides all the data. See graphs and facts here
As to the question….are you better off today than you were 8 years ago? When Bill Clinton left office eight years ago, we had a budget surplus and the economy was thriving. Things have turned abyssmal during the Bush administration. Further objective evidence is that by every economic performance metric, except one, democratic presidents have out-performed republican presidents. In the last fifty years, the democrats have done much better in terms of economic growth, reducing the deficit, and strengthening the middle and working class than republicans. Therefore, logic dictates that if as a voter you are really interested in turning around this sinking economy and putting more money in your pocket, it is the democratic party that has the track record of doing just that. History further demonstrates that the republican claim that it is the party of fiscal conservatism is a myth. No President has been more proof of such myth than George W Bush. And, given the fact that the majority of the McCain campaign staff have made a beeline from Bush to McCain there is no CHANGE in sight if McCain has his way. On NPR’s All Things Considered in April this year McCain claimed:
“I can eliminate $100 billion of wasteful and earmark spending immediately–35 billion in big spending bills in the last two years, and another 65 billion that has already been made a permanent part of the budget.”
The problem is that the Office of Management and Budget only identified $16.9 billion total in appropriations bills for 2008. “The figure includes such items as $4 billion for the U.S. Army Corps of Engineers, which could not be eliminated without halting hundreds of construction projects around the country. Another big chunk goes to military construction, including housing for servicemen and their families, which McCain has also promised not to touch.” Sooo…exactly how does McCain cut 35 billion dollars in spending from 16.9 billion? Sounds like “voodoo economics.” Just goes to further demonstrate that the Arizona senator just doesn’t get it.
Listen, the leaders and big-time players of McCain’s campaign staff were hired directly from the Bush unemployment line. There is absolutely no chance that a McCain administration will be any different than Bush. More fiscal irresponsibility and no accountability. Especially if McCain gets away with dressing the emperor in new clothes and claiming he’s a different emperor. Even Karl Rove now admits that he gives strategy advice to the McCain campaign. Bush-McCain are exactly the same. Please pay attention to history. It clearly shows that the McCain and republican claim of owning fiscal conservatism is imaginary. History is our best guide as to which party is best equipped to get us out of this mess and history shows that that party is the democratic party. Think about it folks, the best predictor of future behavior is past behavior. Don’t be distracted by the lipstick………vote your interest and your pocketbook
Larry Bartles of Princeton University
My examination of the partisan politics of economic in equality…….reveals that Democratic and Republican presidents over the past half-century have presided over dramatically different patterns of income growth. On average, the real incomes of middle- class families have grown twice as fast under Democrats as they have under Republicans, while the real incomes of working poor families have grown six times as fast under Democrats as they have under Republicans. These substantial partisan differences persist even after allowing for differences in economic circumstances and historical trends beyond the control of individual presidents. They suggest that escalating in equality is not simply an inevitable economic trend— and that a great deal of economic in equality in the contemporary United States is specifically attributable to the policies and priorities of Republican presidents.
Any satisfactory account of the American political economy must therefore explain how and why Republicans have had so much success in the American electoral arena despite their startling negative impact on the economic fortunes of middle- class and poor people. Thus, in chapter 3, I examine contemporary class politics and partisan change, testing the popular belief that the white working class has been lured into the Republican ranks by hot-button social issues such as abortion and gay marriage. Contrary to this familiar story, I find that low- income whites have actually become more Democratic in their presidential voting behavior over the past half-century, partially counterbalancing Republican gains among more affluent white voters. Moreover, low- income white voters continue to attach less weight to social issues than to economic issues—and they attach less weight to social issues than more affluent white voters do. The familiar image of a party system transformed by Republican gains among working- class cultural conservatives turns out to be largely mythical.
