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Fiscal Conservative Magic

© Ruben Bolling

I think Bush Sr. had it right when he called it “Voodoo Economics”. But he too fell sway to the dark side.



  1. Arthanyel wrote:

    Supply side economics is a discredited theory with no noticeable academic support and results that are questionable at best. The only time it even appears to have worked is under Reagan, and I believe the economic recovery under Reagan had more to do with the ending of the cold war, for which he rightly gets the credit, and the explosive growth of the microcomputer (IBM PC launched in 1980) which his policies had nothing to do with whatsoever.

    Targeted tax credits to incentivize specific growth investments have been proven to work – and work well. Reducing general tax rates when the rates are confiscatory (more than 50%) has a positive impact but it’s small in comparison.

    Republicans do believe in magic, and they have a dictionary where all the words we use in politics (facts, compromise, etc.) have alernate definitions.

    Sunday, July 24, 2011 at 11:25 am | Permalink
  2. ThatGuy wrote:

    Or they simply reject words entirely. Mostly because a lot of people have come to see the word in its least flattering form.

    Monday, July 25, 2011 at 1:05 pm | Permalink