Why do peopple say that conservative economics work ?

Question

Under Bill Clinton The American economy was the best it has ever been and under Ronald Reagan it was the worse in history after the the great depression until gorge Bush 2. You can say what ever you want but you can not argue with fact, and the fact is that conservative economics are bad for the economy.

Answer 1

"conservative economics"  ??

That must be a newly coined term.  Clinton benefited from technological gains (mainly in personal computing) during the early 90's.  Production went up and the economy prospered.  It was mostly a cyclical event in business that rolls around every so often.  

Reagan reduced the top tax rates (in place from the Carter years) and had 27 straight months (I think) of economic expansion.  His tax cutting in 1982 gave new life to a stagnant economy.  

But even given the facts of how each President fared, one cannot attribute economic success or failure on the office holder.  Our economy is much to complex for that.  It's mostly based on the millions of every day decisions of consumers and producers and investors and savers...   You get the idea.  This combined with current Monetary Policy of the Federal Reserve and Fiscal Policy of the the government is what makes the US click.

Answer 2

Smoke and mirrors can disguise a great many ills.  And some are dumb enough to fall for it.  Things were NOT good in the Clinton era, and most seeds of the current economic problems were sown by Loose-Change Greenspan.  Some date back to FDR and his New Deal.  We were told exactly what the outcome of too-easy credit would be in the collapse of the hedge fund, Long-Term Credit Management, in 1998.

In order to argue, get your facts straight.  And make sure you go to source data, not fudged & politicized "statistics."

Answer 3

It is Middle of the Road Economics that works best.

Responsible Capitalism that takes care of those who just want work and raise a family without having 3 jobs and the Whole Family working just too survive.

Fascism, allowing Companies too ship manufacturing and or services to go to Slave Labor countries. Has brought America too her Knee's.

Fascism Doesn't Work!

Fair Capitalism Does!

Better Dead then Red!

Answer 4

'Economics' is a science that doesn't belong to any particular party. What you're referring to is the consequences of policies for state of the economy.

Whenever you talk about a 'good' or 'bad' economy, you should give a criterion for measuring how good or bad, eg GDP per capita. It doesn't seem to me that the US GDP suffered a huge drop recently. In fact, even in a recession, when some people lose money, others gain. For instance, oil companies aren't doing bad lately.

Recessions, such as the one we're going though, are an inevitable feature of free-market economies. Note that inflation is higher in socialist countries, on average. There's not much a government can do about stability, even with the citizens in mind.

Answer 5

I think you'll find that the economy under Jimmy Carter was much worse than under Reagan.

Under Carter, the unemployment rate was much higher than it currently is. The inflation rate was in double-digits and interest rates peaked above 21%. There was a genuine gas shortage with many people only allowed to buy gas on alternating days based on their car's license plate number. (There was also that little matter of dozens of hostages held by Iran for over a year but that's foreign policy, not economics.)

Bill Clinton was the fortunate beneficiary of the .com bubble and you saw where that took us. (The economy was tanking well before the 2000 elections but the media downplayed it to avoid hurting Gore's chances in the election.) I'd be willing to bet that you can't name any specific act or policy of Clinton's that caused the economy to grow. (Other than the election of the 1994 GOP congress.)

The three biggest real expansions in the US economy within the last fifty years came on the heels of 1) the Kennedy tax cuts, 2) the Reagan tax cuts, and 3) the GWB tax cuts.