Monday, June 4, 2012

We already have a (failed) Republican economy

Paul Krugman once again deals a heavy and effective body blow to conservative nonsense about the US economy. While they whine and lie about slashing spending and cutting taxes what they fail to note is they've been getting exactly this under an Obama administration through their own refusal to participate in his policies. Krugman shows that total government spending "has recently been falling at a rate not seen since the demobilization that followed the Korean War" due mostly to Republican legislative obstructionism. As for tax cuts, Republican refusing to cut them one iota has resulted in "federal taxes as a share of G.D.P. are near historic lows — much lower, in particular, than at any point during Ronald Reagan’s presidency." We already see current Republican policies in place and the result on our flagging economic recovery.

What recovery we do have has been due to Obama's and democratic policies that Republicans have fought every step of the way, and which are mitigating the disasterous results that would otherwise ensue. And will no doubt ensue in force if Republicans win in November (and in Wisconsin tomorrow). We don't need to guess what will happen if they win; we see it right now in their policies already in effect. Wake up America and vote smart.

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