As the 2016 US Presidential Election rapidly approaches, Americans continue to stand divided by party lines, with the moderates being tugged on both sides, with hopes that swaying them will put a candidate in office. However, in this critical moment that recurs every 4 years in the nation’s history, the dichotomy is drawn even deeper between the Republican and Democratic parties, with candidates on either side suggesting radically different solutions to the nation’s problems. Paul Krugman, a famous American economist, would support Hillary Clinton for the 2016 National Democratic Primary and the 2016 Presidential Election due to the unrealistic growth expectations Republicans are promising, the healthy economic policy liberals support, and …show more content…
Former Florida Governor Jeb Bush promises 4% national growth if elected, which prompted Krugman to bash him, calling his claims “Jeb!onomics” and unrealistic (“Voodoo, Jeb! Style”). However, citing evidence of past US presidents by party affiliation and associated growth rates reveals that neither party can realistically promise a particular growth rate according to Krugman, proof that Republicans’ claims about future growth are both outlandish and misleading. Another serious point of contention for Krugman concerning the Republican Party lies in their historical use of Republican-led state government and successful economic growth during their terms. Krugman has debunked these claims, showing how Texas’ growth during Governor Rick Perry’s term was largely the product of Sunbelt-focused migration and a fracking boom (“Lone Star Stumble”). He also pointed out that California, an economically-liberal state which is disparaged by Republicans continues to experience unprecedented growth despite their “liberally-doomed politics”. Krugman’s strong distrust of Republican economic policy means he has long been a liberally-leaning individual, and with this shift comes support for the most popular Democratic candidate: Hillary …show more content…
One conservative remark that especially upset Krugman was made by Jeb Bush regarding the fact that “Americans should just work longer hours to restore the economy” (“The Laziness Dogma”). Krugman fiercely attacks this suggestion, referring to international studies showing Americans already work longer hours and take less vacations than citizens of any other developed nation on Earth. Luckily, Krugman sees value in the liberal school of economics, and fondly remembers his background in M.I.T.-influenced Keynesian economics of the 20th century that drove much American and European economic growth. He pointed out the many monetary successes of the Keynesian-style economists, while also mentioning how their bold and progressive moves were stifled by right-wing pressure (“The M.I.T. Gang”). Krugman thus sides with liberals and their economic policies, who regularly support his preferred policy suggestions. Krugman even complimented Clinton’s economic stance in the 2016 election, calling it an “effective consensus among Democrats” (“The Laziness
Over the past three decades, the distance between parties has continued to grow steadily. As their distances increase it has become harder for presidents to receive votes from both parties.
is a clear, statement of the issues of the 1964 presidential campaign, including the hidden issues within the Republican Party. It gives a inside of the Republican National Conventions since 1936. It answers such questions as, Who, really picks your presidential candidates? How are political conventions stolen? Who are the secret kingmakers? How do hidden persuaders and propaganda gimmicks change politics? This book is about a lady called Phyliss Scallaf and it is about how she worked with congress and political places, and how she found out all the secrets of the libreals . While not be biased to the conservatives, it makes you have a whole different look on how our government is really working.
Throughout the article, Krugman’s diction is displayed in a colloquial manner, often using terms such as “flub,” “wimps,” or “hacks,” in order to not overwhelm the reader and attract a wide-range audience. On occasion, he also dictates formally to highlight the negatives of the current and “incompetent” administration and their lack of commitment. Krugman’s syntax also contains the
Krugman starts off his essay by painting the picture of his younger days in a rather fair and middle-class American society. The theme of his writing is centered around policies with the power to reverse the extreme economic imbalance the United States has been challenged with. The excessively divided American economy contradicts the basis of America’s birth: “Ever since America’s founding, our idea of ourselves has been that of a nation without sharp class distinctions- not a leveled society of perfect equality, but one in which the gap between the economic elite and the typical citizen isn’t an unbridgeable chasm” (Graff, Birkenstein,
Due to the lack of Congressional response of both Republican and Democrats alike, stagflation and globalization, coupled with the Tech boom and the shipment of manufacturing jobs overseas, aided in the demise of a once robust labor union. Financial deregulation, another nemesis of the labor unions caused major taxpayer losses due to the Federal Reserves fraud and perpetuated greed during the Savings and Loan debacle. This crisis was the result of lax government oversight and a fraudulent ponzi scheme which some would link to the undervalued American dollar. Congressional legislation at this time aimed more for increasing inflation and cutting taxes for the extremely rich than focusing on what should have been the main priority: increasing manufacturing, reducing importation, and labor union employment.
Most Americans discarded progressive candidates in support of conservatives who believed in a traditional Laissez Faire economy. Future democrat president Franklin Roosevelt predicted they" could not hope to return to power until the Republicans led the nation to a serious period of depression and unemployment.'" (Kennedy).
In 1981 Ronald Wilson Reagan was elected as the 40th president of the United States. Reagan won in a landslide over former president and democratic candidate Jimmy Carter. In his inaugural speech he made the famous statement “government is not the solution to our problems, government is the problem.” This statement would later set the tone for his two consecutive terms as president and his instrumental role in shaping the values of generations of conservatives. ‘Reaganomics’ became household slang for the economic policies sanctioned by Reagan’s administration that developed a free enterprise market, high interest rates, and hands-off social policy that benefited America’s wealthy and depleted it’s poor.
Reaganomics—also known as supply-side and trickle-down economics—is an economic policy practiced by presidents Warren G. Harding, Calvin Coolidge, and Herbert Hoover in the twenties and most recently, by the fortieth president of the United States, Ronald Reagan. Just like the state of the economy before Reagan stepped into office, the economy of the United States today is in a vulnerable place. The economy has taken multiple blows over the last few years: a recession in 2008, a close call in 2011, and an overwhelming deficit. Most Americans are looking for something to change. While some are advocating for an increase in the government’s power in order to step in and seemingly help the people, the way for the government to truly succor
Even though Reagan was very confident about his economic plan many others were weary of his ideas. George W. Bush Sr. proclaimed Reagan’s economic ideas as ‘Voodoo’ economics believing Reagan’s policy would not live up to its predicted outcome; ironically enough Bush and his son both adopted these policies during their presidencies. Many important congressmen had many fears in Reagan’s policies, they believed that imposing such tax cuts would raise inflation and cause higher interest rates. The public on the other hand, praised these
Although he was a generally controversial president, Ronald Reagan’s policy decisions to stimulate economic prosperity, known as Reaganomics, were legitimately beneficial to the United States of America. First, in order to substantiate the success of Reagan’s economic policy decisions one must first grasp the varying levels of importance for each aspect of his plan. As Reagan’s policies were substantial decisions that defined his presidency and alienated an entire population of more economically liberal people, it makes sense that an understanding of his emphasis on certain decisions would lead to a more persuasive argument. Next, the negation of well formed and logical criticisms of Reagan’s economic policies also lend to the support of their benefits and success. Acknowledging a sensible counterargument and addressing specific points of critical analysis serves to further enhance the argument for the success of Reagan’s decisions. Furthermore, strong economic growth and the curbing of federal domestic power reinforce the accomplishments of Reaganomics. Though the U.S. did see economic growth, Reaganomics was not purely an economic plan, as cuts in government power, not including the military, benefitted the average American citizen. Moreover, Ronald Reagan’s economic decisions regarding Soviet foreign policy were also extremely beneficial to the United States. The tough decisions to further the national deficit proved a worthy sacrifice in pressuring the collapse
The Constitution has nothing to say about political parties. Nowhere does it define political parties or explicitly specify that there should be two dominant parties. Nevertheless, America has had a strong two party system for last 150 years, a degree of party stability and endurance that can be found in no other nation (Landy and Milkis, 451). This system of two dominant parties has both its advantages and its drawbacks, the same as any system will. The two strong parties simplify and stabilize American politics from both the citizens’ and the politicians’ point of view and allow for government to be unified across the separation of powers built into the Constitution
In which ways did the Fifties and Sixties in the USA set the scene for the rise of conservatism in the Seventies and into the Reagan era? Was the rise of the right inevitable? Please explain your point of view.
Unfortunately, much of America did not heed Krugman’s warnings when his first book was released in 1999 because America was still rising high. Technology and the top businesses of the day were just starting and booming very fast and smoothly. While technology and internet giants such as Google were growing, the United States’ government’s budget surplus was also increasing. Yet, our government departments--Federal Research and Congress still insisted that capitalism should be a free market--that it will save itself, that regulating credit default swaps was unnecessary. Americans were overconfident with their past successes and forgot to look to other countries as models. Now, lasseiz-faire has turned around to bite America in the butt.
immigrants of being drug dealers, rapists, murderers, and criminals overall. “There is a very real criminal component utilizing the dislocations caused by massive immigration to cover crimes of every variety, from drug trafficking to murder. This does not [account] for irresponsible driving habits that also take a toll of American citizens. This writer has two friends in two separate incidents that were killed by errant aliens. In both case, the aliens fled across the border to avoid vehicular manslaughter charges” (Thompson). The reality behind the Republican Party´s arguments against immigration is discrimination and racism. “They're bringing drugs. They're bringing crime. They're rapists” (Trump). Their statements are not based on evidence or statistics, but are huge generalizations.
Debates - these battles of mental fortitude and intellectual dexterity are arguably the cornerstone of a thriving democracy. Picture this - a latino social Democrat from Los Angeles observes a flooring critique of the distinguished saltwater economist Paul Krugman delivered by Niall Ferguson, a famous Harvard economic historian. What he notes, aside from Ferguson’s eloquence, is Ferguson’s attempt to remain intellectually honest as he discusses political polarization occurring in the modern political system as it relates to macroeconomic realities. A palpable dearth of political distortion surfaces in Ferguson's ideological argument as he describes both modern “caricatures of austerity and caricatures of stimulus.” For those unfamiliar, austerity