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Politics : PRESIDENT GEORGE W. BUSH
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To: jackhach who wrote (488487)11/6/2003 6:58:33 PM
From: Original Mad Dog  Read Replies (1) of 769669
 
And the economy as well as government revenues grew robustly from 1985 to 1990, in case you've forgotten. The unemployment rate was nearly cut in half.

John Maynard Keynes, who used to be a patron saint of the Democrats, strongly advocated addressing economic slowdowns, especially those involving higher unemployment, with aggressive deficit spending. But when a Republican does it it's suddenly a right wing extremist idea.

The latest economic news suggests that it is working. The last time the economy grew as fast as last quarter was in 1984, at about the same point in Reagan's tax cut policy progression. Take a look at the declines in unemployment, the increases in government revenue, the increases in the stock market, and the growth of the economy from 1985-1990.
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