© Tom Toles
Republicans, who voted against every single bill that Obama came up with to help jumpstart the economy, spent their debate last night attacking Obama for not doing enough about the economy. But their only answer is lower taxes, which ignores the fact that one third of the cost of Obama’s stimulus bill (which they opposed and now attack) was to lower taxes, and the fact that taxes right now are the lowest they have been in 60 years, yet the economy continues to go into the toilet. Oh, they also want decreased regulation, even though it was decreased regulation of banks that triggered the economic collapse in the first place. They also complained about the deficit, even though Republicans have done far more to run up the deficit than Democrats.
Why does anyone listen to them when they trot out their old, tired answers that clearly have not worked? I would love it for some Republican to suggest something new, but they all seem to be part of the Borg collective. As First Read puts it:
The other big loser of the night was a serious, substantive discussion on the economy. After spending the last few weeks criticizing the Obama administration on this subject, not a single GOP presidential candidate offered a convincing plan on how to create jobs. We heard plenty about lower taxes and less regulation. The problem: Taxes are already at their lowest level since the 1950, and that hasn’t really jump-started the economy. Moreover, there was little regulation during the Bush administration, and that didn’t produce a wave of jobs between 2001 and 2009.