Liberal States Outperform Conservative Ones as Republicans Push More Trickle Down

GOP fail
It is not like Republicans have an affinity for science, but they appear to be applying a bastardized form of the scientific method to their perpetually failed economic policy in order to prove it works as advertised despite it is indeed a raging fail. The Oxford Dictionary defines the scientific method as “a method or procedure that consists of systematic observation, measurement and experiment, and the formulating, testing, and modification of hypotheses” to reach a fact-based conclusion. It is beyond question that after over thirty years, the Republican “trickle down” economic experiment continues providing the same empirical data and living results of starving government of revenue, depressing economic growth, increasing debt and deficit, and retarding job creation.

The trickle down “theory” was more than adequately tested for eight long and painful years during the George W. Bush administration, and all it proved to Republicans was the theory needed more experimentation and trials even after it piled up debt and deficit, killed jobs, and sent the economy into a severe recession. At the federal level, Republicans led by Paul Ryan have passed House legislation reverting to failed Bush-era economic policies of massive unfunded tax cuts for the rich, increased defense spending, and job-killing domestic program cuts as if there will be any different outcome than during Bush-Republican years. Similar “experiments” have been enacted in Republican states such as Kansas, and it is no surprise the economic devastation resulting from huge unfunded tax cuts for the rich and corporations coupled with domestic spending cuts killed and prevented job creation, halted economic growth, and left the state with revenue shortfalls due to reach over a billion dollars within a year.

Kansas is a particularly interesting “experiment” because the state’s “extremely conservative” Governor Sam Brownback had the temerity to blame the state’s budgetary woes and financial meltdown on “the failed economic policies of the Obama Administration” he asserted “are affecting states throughout the nation.” However, not only are Brownback and Kansas Republicans shifting blame for their economic ineptitude on President Obama, they are lying through their teeth and ignoring empirical data revealing that the President’s economic policies are great success stories because they are the polar opposite of Brownback and Republicans’ economic disasters. In fact, Democratic states like California that enacted economic policies Brownback claims are failures are thriving in every category and, like on the national level, were necessary to reverse the damage of eight years of a Republican administration following Bush and now Brownback’s failed economic policies.

On the national level, instead of a crushing budget shortfall, job losses, and a Moody’s credit downgrade Brownback’s trickle down tax cuts produced, the Congressional Budget Office reports that the Treasury Department posted a $114 billion surplus in April alone that is the largest for that month since 2008. The Congressional Budget Office also projected the 2014 shortfall declined to 2.8% of GDP, or $492 billion that is $23 billion below its own forecast a few months ago. The surplus is partly due to a minute tax increase on the richest one percent as well as more Americans leaving the ranks of the unemployed that eviscerates the thirty-plus year contention that greater tax cuts for the rich equals more jobs and increased revenue; an assertion that Kansas’ economic meltdown, job losses, and budget shortfall disproves. Brownback asserted that “economic policies of the Obama Administration are affecting states throughout the nation,” but like his claim Kansas’ economic disaster if proof tax cuts for the rich are working as planned, it is more lies to cover Republican economic policy failures.

To get more stories like this, subscribe to our newsletter The Daily.

California suffered an eight year Brownback-Bush-Kansas economic agenda under a Republican governor and legislature that killed jobs, blew up the deficit, and devastated the state’s economy, but the state rebounded magnificently with a Democratic governor and legislature. According to a recent comprehensive study, states that embrace conservative economic policies far underperform states enacting liberal economic policies, and California is a prime example of what liberal success looks like. California barely raised taxes on the rich similarly to federal policies and the result is within a year it is posting record budget surpluses, paying down its Republican deficit, increased spending for education, infrastructure, and domestic programs, and adding jobs at a rate outpacing the federal numbers and most states in the nation. In fact, the more liberal California economic agenda is producing more jobs, economic growth, and deficit reduction than any Republican “pro-business” agenda that is wreaking havoc on the Kansas economy.

Despite overwhelming empirical data proving that the Kansas and Bush economic agenda is  the quickest path to decimate an economy and kill jobs, House Republicans passed Paul Ryan’s Path to Prosperity (for the wealthy elite) budget that makes Brownback’s budget disaster look tame in comparison. In fact, Ryan’s budget is far worse for the economy, jobs, and debt and deficit than anything Bush or Brownback could possible impose and yet Republicans claim it is a job-creation, economy-growing, poverty halting, and deficit reducing bonanza despite projections it will increase the deficit and bring economic growth to a screeching halt. Still, Republicans could not help themselves from recently passing two permanent and unfunded tax cuts for the rich and corporations that add to the deficit and create no jobs. Republicans are not experimenting any longer because they know precisely what their “pro-business” tax cutting agenda will produce; more wealth for the one percent, higher debt and deficit, and annual budget shortfalls for the nation’s economy.

It is a travesty that racial animus prevents conservative, teabagger, libertarian, religious right, and Republican voters from spending even one minute perusing empirical data from the Bush-Republican era and states such as Kansas to comprehend their economic policies are disasters. However it is likely they know conservative economic policies are a path to poverty, job losses, and budget shortfalls regardless they are at the state or federal level, but their racial hatred of President Obama drives them to support the conservative economic agenda simply because it is the opposite of Obama’s.

Sam Brownback’s claim that Kansas’ revenue shortfall, economic underperformance, credit downgrade, and job losses are due to Obama’s economic policies is a bald-faced lie. The President’s economic policies have far outperformed Kansas or Bush-Republicans’ pro-business economic failures, and like California’s liberal economic policies are producing revenue surpluses, jobs, debt and deficit reduction in spite of minute tax hikes conservatives claim is the death knell for economic growth or job creation.

Still, Republicans are determined to repeat the same failed economic policies that have proven time and time again to retard economic growth, increase debt and deficit, kill jobs, and starve government  of revenue, but they can never claim their “experiment” needs more time to produce the desired results. Their scientific experiment in trickledown theory has been peer-reviewed, replicated ad nauseum, and studied to death with the same conclusions; Republican, libertarian, and Koch brother economic policies just fail.

If any American needs a real world, data-rich example of what America’s economy would look like with Republicans in charge, they can either harken back to eight years of Bush-Republicans’ economic disaster, or look at Kansas’ current economic catastrophe. If, however, they want to see the success of  liberal economic policies and cannot put aside their racial hatred of President Obama to see the nation’s declining debt and deficit, job creation successes, revenue surpluses, and economic growth they can look to California’s successes. Only a fool, or anti-Obama racist, would opt for Republican’s failed economic policies and unfortunately states like Kansas and Missouri, and every former Confederate state are overflowing with racists and fools who will vote for Republicans because they oppose the President and economic growth, job creation, and budget surpluses the rest of the nation are weary of sharing with self-loathing cretins supporting their own economic demise.

 

 



Copyright PoliticusUSA LLC 2008-2023