The book is great at looking past today's economic myths by using long forgotten facts to set the record straight. For example, in explaining's great economic recovery of the 1980s it is often attributed to the stimulative impact of major tax cuts But in reality the 1981 tax cuts backfired, leading to massive deficits and a weaker economy with a double dip recession as unemployment soared. So in 1982 Reagan signed the largest peacetimein our nation's history.
The authors do not come down on the side of any specific economic policies. Rather, they make a strong case that a prosperous economy occurs when a president is adaptable to the needs of the country at that time. Adjusting to the results, rather than staunchly sticking to economic theory. And that economic policy does not stand alone, but must be integrated into the needs of society.
The stock market has soared 14.
Economic disaster happens in America when wealth is concentrated at the top, and we are at an all time high for wealth concentration. There is nothing in the platform which addresses this issue." There are a lot of reasons to select the party for which you wish to vote. There is more to America than the economy. But, if you think like the Democrats did in 1992 and"it's about the economy" then you owe it to yourself to read this book. It may challenge your conventional wisdom as it presents - like Joe Friday said -"just the facts."
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Which party racks up the most and highest deficits and dept! Which party has to come in and finance the things that have been neglected whilst needing to clean up the previous governments malinvestments ?
Fortunately neither one controls the president currently
Historically yes, but the democrats of today have completely gone off the rails. Candidates foaming at the mouth to try and outdo each other on campaign promises of free everything. Seems they haven't learned socialism is a failure, but will soon enough if elected.
People truly ruling the country not to corrupt parties
They fail to mention the 2nd GREAT DEPRESSION under President Bush a republican
Not recently. And not for a while with Democrats wanting to confiscate capital.
my bank account concurs
History is trash and there are more than 2 parties.
With a GOP Congress Senate.