“The power under the constitution will always be in the people. It is entrusted for certain defined purposes, and for a certain limited period, to representatives of their own choosing; and whenever it is executed contrary to their interest, or not agreeable to their wishes, their servants can and undoubtedly will, be recalled.”

~ George Washington (1787)

Sunday, February 17, 2013

Economic Indicators prove Reagan was right and compassionate conservatism is wrong

Courtesy of Liberty Bell,  here is "Seriously?  A Layman’s Look at How Political Ideology Impacts the  Economy And Other Interesting Stuff," by Lawrence Farey (unpublished report).

It's lengthy, but worth a read.  Here's the report abstract:
Using generally accepted economic indicators, President Reagan's traditional conservative policies had a three times better success rate for the economy than any president since Reagan.

If President Bush 1 and President Clinton continued to follow President Reagan's policies the Federal government would have had a surplus one year earlier than President Clinton's surplus.

Compassion conservative policies yield the same results for economic indicators as modern Liberal policies. Economically there is no difference between compassionate conservatives and modern liberals.

Are we becoming Europe? Economic indicators prove we are already there.

The data sources for this report are: Fiscal Year 2013 Analytical Perspectives from the Budget of the U.S. Government Office of Management and Budget, US Census Bureau, The Tax Foundation, IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International.