Category Archives: conservatives and liberals

What Does It Take to Define Away the Statistics Showing Economic Performance Under Democratic Presidents Superior to That Under Republicans?

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Economic Policy Institute, September 2008.

A panel on Supply Side Economics in Washington, September 12, included statistics on the superior performance of the American economy under President Clinton compared to his Republican successor. (The graph to the right, from Ettlinger & Irons, shows the first term of each administration.  The growth gap during the second terms was even wider.)  Former Treasury Secretary Larry Summers gave some statistics that included Democratic versus Republican presidents throughout the postwar period.   As others have also pointed out, the Democratic record dominates to a surprising extent.   (The event was jointly sponsored by the Center for American Progress and the Economic Policy Institute.) read more

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Offshoring is a Dubious Policy, When the Question is Oil Drilling

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President Bush yesterday eliminated a 27-year executive moratorium on off-shore oil drilling (NYT, 7/15/2008, p.A13), a move also supported by presidential candidate John McCain. 

The Democrats responded:

(1) that this was an election-year stunt,

(2) that the move would be too small to make a difference

(3) that it would bring no downward pressure on oil prices at the crucial short-term horizon, and

(4) that it would not ultimately help move the country in the direction of energy security. 

The Democrats have the right answer, but are perhaps giving the wrong reasons.
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Recent Republican Presidents Aren’t Conservatives; They Are Illiberals

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Floyd Norris notes in the New York Times (Feb. 9, 2008, p.B3),“George W. Bush is in line to be the first president since World II to preside over an economy in which federal government employment rose more rapidly than employment in the private sector.”    It is another bit of confirmation of the truth behind a comment that “Joe S.” posted in response to my blog entry of February 6 (“Reagan and Stalin”): “What, pray tell, does the Republican Party have to do with conservatism?”   read more

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