Listening these days to GOP leaders describing passionately the remedy to our economic woes is stunning exercise in illusion, amnesia and group madness. Their devised plan to address all our personal and national problems consists of two words “cutting taxes.”
While, the few well recognized -republican representatives- left in congress, show their frustration with the proposed stimulus package consisting of both tax cuts and government spending, they explain in unyielding voices that tax cuts are the sole engine behind growth, wealth, and job creation. They talk confidently about the role of small businesses, the entrepreneurial spirit of the unregulated economy, and the future negative impact of the spiral deficit. The representatives then explain to us their role as guardians of the taxpayers’ money, and their obligation to reject all government spending, because government spending is always waste.
As I listen to the same tried and failed proposals, argued by conservative leaders I ponder a simple question. What is the future of the Republican Party in our country?
Less than two weeks ago, we completed eight years of tax cuts and unregulated markets.
America lost over three million jobs in the last year alone; the GDP shrunk by annual rate of 3.8%, the largest loss in Growth Domestic Product in twenty-seven years. The credit seized to exist, the housing market collapsed, the stock market lost 40% of its value, and the budget surplus turned into a deficit, while the same representatives applauded the government idiotic moves that produced these catastrophic results.
http://www.opednews.com/articles/Bye-Bye-GOP-by-sameh-abdelaziz-090201-815.html