Differences Between Democrat and Republican Economic Policy

Sometimes lessons learned from history can be very beneficial, while teaching us practical lessons in economic policy.

Dick Morris, the personal advisor to Bill and Hillary Clinton in Arkansas and Washington, D.C. during his two terms in office, has posted an interesting historical video on the difference of how economic policy of the two parties - Democrat and Republican presidents has resulted in very different responses by our nation's investors and the broader consumer of the country.

I was, I must admit, surprised that Dick Morris mentioned Pres. Trump's cutting taxes in the video, but never pointed out that it was Pres. Reagan who, in our more recent past, was the first to stimulate true economic growth by cutting taxes in the '80s. 

However, there are many other factors which Pres. Trump is implementing which Pres. Reagan did not. Substantial and significant policy implementations, which the Media (D) refuses to tell the public who watches their stations, will, and are already, having incredible results which the left are finding difficult to refute.

I must also admit that their are both pros and cons to the policy of implementing tax cuts, as this History Chanel video points out clearly. The con which I find disturbing, since Pres. Trump is also engaging in, is deficit spending which has increased out national debt to almost $22 trillion today! While Pres. Obama took it from $14 trillion when he took office, (scroll down to Barrack Obama on this link.), it remains to be seen just how much more Pres. Trump will end up increasing it to at the point when he leaves office. The hope, or expectation, as I understand it, is that increased employment will ultimately result in increased revenue and thus, decreased national debt; if that revenue increase is applied to the debt. Don't hold your breath!