In order for the hypothesis to be true that the GOP is the party of recession and the DEMs are the party of expansion what policies are implemented in the first year that can account for the negative effects of the GOP or the positive effects of the Dems?
Perhaps if we remove the labels DEM and GOP and just look at major tax bills. Can we demonstrate a reverse Laffer effect, using it in its real sense as a policy of tax-cuts for the rich? Does the economy slow down when a high proportion of the tax cuts are primarily benefiting the wealthy? Or conversely can we show that a higher proportion of tax benefits to middle and low income classes have a more stimulative effect? Similarly tax breaks and incentives to newer industries, are they stimulative while encouragement of primary industries lowers the growth of the overall economy? -- Gary Denton Easter Lemming Blogs http://elemming.blogspot.com http://elemming2.blogspot.com _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
