Reply to a comment  Reply to this comment  rom12921 writes:  in
response to JohnWesleyHardin:  If supply side works so well why
did GHW Bush call it voodoo economics,and now all these years
later most economists agree? And because of being in office more
causes the odds to shift against the office holder for a
recession,and has nothing to do with their economic policies.
Okay and the dog ate my homework too.  R's held the WH 3/4's of
the time since 1950 so most recessions happen under Republican
presidents. It is true.  IMO I don't think President Bus (41)
understood economics that well, but then again most Presidents
don't seem to have a grasp on anything outside the partisan
message in contemporary times anyway.  Still, I don't think most
of the Dems wanting more taxation are really aware they are
advocating for federal control of more of the GDP than those
producing. Federal gov spends 22%+ of GDP, add in the
stae,county, muni it's 40% and look at where we are - a fiscal
cliff.