JohnnyBz00LS
Dedicated LVC Member
Posted on Wed, Apr. 06, 2005
Trust ‘mom’ with money more than GOP ‘dad’
It was the TV talker Chris Matthews, I believe, who first labeled Democrats and Republicans the “Mommy Party” and the “Daddy Party.” Archaic as these stereotypes may be, they do capture general attitudes about the two parties. But we live in the age of the one-parent family, and it is Mom, more often than Dad, who must play both roles.
It has not escaped notice that the Daddy Party has been fiscally misbehaving. But it hasn’t really sunk in how completely the Republicans have abandoned allegedly Republican values – if, in fact, they ever really had such values.
Our text today is the 2005 Economic Report of the President. I did this exercise a year ago and couldn’t quite believe the results. But the 2005 data confirm it: The party with the best record of serving Republican economic values is the Democrats. It isn’t even close.
The values I’m referring to are widely shared. We all want prosperity, we oppose unemployment, we dislike inflation, we don’t enjoy paying taxes, etc. They’re Republican only in the sense that Republicans are supposed to treasure them more and to be more reluctant to sacrifice them for other goals, such as equality or clean air.
Statistics in the Economic Report back to 1960 tell the story. A consistent pattern over 45 years can’t be explained away by shorter-term factors, such as war or who controls Congress. Maybe presidents can’t affect the economy much. But the assumption that they can and do is so prominent in GOP rhetoric that they are stuck with it.
Consider federal spending (aka “big government”). It has gone up an average of about $50 billion a year under presidents of both parties. But that breaks down as $35 billion a year under Democratic presidents and $60 billion under Republicans. If you assume that it takes a year for a president’s policies to take effect (so, for example, President Clinton is responsible for 2001 and George W. Bush takes over in 2002), Democrats have raised spending by $40 billion a year and Republicans by $55 billion.
Leaning over backward even further, let’s start our measurement in 1981, the date when Ronald Reagan took office on a platform of shrinking government and many Republicans believe that life as we know it began. The result: Democrats still have a better record at smaller government. Republican presidents added more government spending for each year they served, whether you credit them with the actual years they served or with the year that followed.
Now look at federal revenues (aka taxes). You can’t take it away from them: Republicans do cut taxes. Or rather, tax revenues go up under both parties, but only about half as fast under Republicans. This is true no matter when you start counting, or whether you give a president’s policies that extra year to take effect. It’s the only test of Republican economics that the Republicans win.
That is, they win if you consider lower federal revenues to be a victory. Sometimes Republicans say that cutting taxes will raise government revenues by stimulating the economy. And sometimes they say that lower revenues are good because they will lead (by some mysterious process) to lower spending.
The numbers in the Economic Report undermine both theories. Spending goes up faster under Republican presidents than under Democratic ones. And the economy grows faster under Democrats than Republicans. What grows faster under Republicans is debt.
Oh yes, almost forgot: If you start in 1981 and if you factor in a year’s delay, inflation under Republican presidents averages 4.36 percent, while under Democrats it’s 4.57 percent. Congratulations.
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Michael Kinsley is the editorial and opinion editor of the Los Angeles Times.
Trust ‘mom’ with money more than GOP ‘dad’
It was the TV talker Chris Matthews, I believe, who first labeled Democrats and Republicans the “Mommy Party” and the “Daddy Party.” Archaic as these stereotypes may be, they do capture general attitudes about the two parties. But we live in the age of the one-parent family, and it is Mom, more often than Dad, who must play both roles.
It has not escaped notice that the Daddy Party has been fiscally misbehaving. But it hasn’t really sunk in how completely the Republicans have abandoned allegedly Republican values – if, in fact, they ever really had such values.
Our text today is the 2005 Economic Report of the President. I did this exercise a year ago and couldn’t quite believe the results. But the 2005 data confirm it: The party with the best record of serving Republican economic values is the Democrats. It isn’t even close.
The values I’m referring to are widely shared. We all want prosperity, we oppose unemployment, we dislike inflation, we don’t enjoy paying taxes, etc. They’re Republican only in the sense that Republicans are supposed to treasure them more and to be more reluctant to sacrifice them for other goals, such as equality or clean air.
Statistics in the Economic Report back to 1960 tell the story. A consistent pattern over 45 years can’t be explained away by shorter-term factors, such as war or who controls Congress. Maybe presidents can’t affect the economy much. But the assumption that they can and do is so prominent in GOP rhetoric that they are stuck with it.
Consider federal spending (aka “big government”). It has gone up an average of about $50 billion a year under presidents of both parties. But that breaks down as $35 billion a year under Democratic presidents and $60 billion under Republicans. If you assume that it takes a year for a president’s policies to take effect (so, for example, President Clinton is responsible for 2001 and George W. Bush takes over in 2002), Democrats have raised spending by $40 billion a year and Republicans by $55 billion.
Leaning over backward even further, let’s start our measurement in 1981, the date when Ronald Reagan took office on a platform of shrinking government and many Republicans believe that life as we know it began. The result: Democrats still have a better record at smaller government. Republican presidents added more government spending for each year they served, whether you credit them with the actual years they served or with the year that followed.
Now look at federal revenues (aka taxes). You can’t take it away from them: Republicans do cut taxes. Or rather, tax revenues go up under both parties, but only about half as fast under Republicans. This is true no matter when you start counting, or whether you give a president’s policies that extra year to take effect. It’s the only test of Republican economics that the Republicans win.
That is, they win if you consider lower federal revenues to be a victory. Sometimes Republicans say that cutting taxes will raise government revenues by stimulating the economy. And sometimes they say that lower revenues are good because they will lead (by some mysterious process) to lower spending.
The numbers in the Economic Report undermine both theories. Spending goes up faster under Republican presidents than under Democratic ones. And the economy grows faster under Democrats than Republicans. What grows faster under Republicans is debt.
Oh yes, almost forgot: If you start in 1981 and if you factor in a year’s delay, inflation under Republican presidents averages 4.36 percent, while under Democrats it’s 4.57 percent. Congratulations.
--------------------------------------------------------------------------------
Michael Kinsley is the editorial and opinion editor of the Los Angeles Times.
