Supply Side Economics

Republican Party Will Follow Liz Truss Lead, And Cause Economic Crisis!

British Prime Minister Liz Truss will go down in history as the shortest lasting government in British history, 45 days, and now, there is talk of former Prime Minister Boris Johnson, who was a true disaster, and too much like Donald Trump, might come back to office.

The Conservative Party of Great Britain is in free fall, but they do not have to call for a new election for two years, so difficult times are ahead, whether or not Johnson returns to power!

But yet, the Republican Party in American politics seems ready to go down as the British equivalent of an economic disaster, if they gain control of either or both houses of Congress in the Midterm Elections of 2022!

Liz Truss tried to follow the old “supply side Economics” of former Prime Minister Margaret Thatcher, copied by former President Ronald Reagan. The goal was to lower taxes on the wealthy, and cut social spending, and it hit the middle and lower classes in both Great Britain and America hard in the 1980s.

The national debt tripled in America, and there was lots of corruption in the Reagan Administration, but it is glorified by conservatives, who also loved when George W. Bush and Donald Trump gave even more massive tax cuts to the wealthy.

So if Kevin McCarthy and his ilk gain control, they will promote more tax cuts to the wealthy, while setting out to destroy the Affordable Care Act (ObamaCare), Social Security, Medicare, Medicaid, and Veterans’ benefits.

So while there are troubles with inflation, if the American people vote in a Republican Congress, they will discover the disaster that Great Britain is now experiencing!

Odd And Interesting Points About Paul Ryan, And The Presidential Election Of 2012

There are many odd and interesting points about Vice Presidential nominee Paul Ryan that have been gathered, and here are some of them!

Paul Ryan, like Mitt Romney, is handsome, and they look good together photogenically.

Paul Ryan looks as if he could be one of Mitt Romney’s sons, and actually is only 12 days older than Romney’s oldest son, Tagg!

Paul Ryan has spent his whole adult life in government, with no experience in the private sector.

Paul Ryan was affected by the narrow minded, selfish teachings of Ayn Rand, and he was involved in work with former Congressman Jack Kemp, one of the authors of what became known as Reaganomics, which started tripling the national debt in the 1980s, due to the theory of Supply Side Economics. Now, Ryan wishes to multiply what Reaganomics in the 1980s and Bushonomics in the 2000s brought about, most of the increased national debt, $7 trillion of the total $10.5 trillion debt that existed when George W. Bush left the Presidency in January, 2009!

Paul Ryan’s dad died when he was in high school, and he was supported by the social safety net of Social Security with survivors benefits while in college.

Paul Ryan has lived off the American taxpayer his entire life, and will receive better health care and pension benefits as part of the federal payroll, that he wishes to cut for everyone else in the middle and lower classes!

Paul Ryan alienated Catholic nuns when he came out for cuts in food stamps and other benefits to poor children, and called for privatizing of Social Security, Medicare, and Medicaid, while wanting greater tax cuts for the top two percent!

Paul Ryan was booed in his own congressional district for the Ryan plan which passed the House of Representatives earlier this year, but with no Democratic support and ten Republicans voting against, as well.

Paul Ryan comes across as articulate, handsome, and charming personally, the latter much more than Mitt Romney, but he also comes across to many as arrogant, nasty, mean spirited, uncaring, hypocritical , uncompromising, and loved by the Tea Party and the right wing media which have declared war on women, senior citizens, the middle class, minorities, and the poor!

Paul Ryan has no foreign policy experience, and being only a Congressman, can be seen as not qualified to be Commander in Chief on Day One!

This is the 5th time in the past half century that a member of the House of Representatives has been selected as a Vice Presidential running mate—William E. Miller of New York with Barry Goldwater in 1964; Geraldine Ferraro of New York with Walter Mondale in 1984; Jack Kemp of New York with Bob Dole in 1996; Dick Cheney of Wyoming with George W. Bush in 2000; and now Paul Ryan of Wisconsin with Mitt Romney in 2012. Notice all four of the earlier choices LOST the election that followed, with the exception of Cheney with Bush, but remember that Al Gore actually won the popular vote in 2000 by 540,000 votes, and the Supreme Court decided the election, intervening for the first time in American history!

And as said in an earlier post, finally, this marks the fourth time in the past 60 years that the Vice Presidential nominee has been more than 20 years younger than the Presidential nominee—Richard Nixon with Dwight D. Eisenhower in 1952; Dan Quayle with George H. W. Bush in 1988; Sarah Palin with John McCain in 2008; and now Paul Ryan with Mitt Romney in 2012.

Additionally, we have no one on either ticket for this upcoming election who is from the Sun Belt states, the growing part of the nation. Instead, we have a Midwesterner and an Easterner on each ticket–Barack Obama and Paul Ryan from the Midwest, and Joe Biden and Mitt Romney from the Northeast!

Also, there is no candidate with military experience on either Presidential ticket, the first time since the 1940s!

And we also have no mainline Protestant on the Republican ticket, a mainstay of the GOP, and instead have a Mormon and a Catholic.

If anything, the only true “Protestant” is Barack Obama, as Joe Biden is Catholic!

More oddities and trivia will probably arise as the campaign develops further!