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The Death of Republican Philosophy September 21, 2008

Posted by trouble97018 in Economy, News, Politics.

Huffington Post

Hale “bonddad” Stewart

Posted September 21, 2008 | 10:28 AM (EST)

Last week was historic. It is a week that financial and economic people will study for generations. It also marked the end of certain elements of the Republican Party’s ideology. Below are statements the Republican party can no longer claim as part of their core ideology.

We are the party of small government

Actually, this week simply added to the the end of this claim. Under Bush II, discretionary spending has increased from $640 billion to $1.040 trillion dollars. Also remember that Bush had a Republican controlled congress for 6 of those years. However, Paulson will send a package to Congress which totals $800 billion. The Treasury will create a new agency to buy bad debt (which the WSJ’s Marketbeat blog has called the Treasury Garbage Machine). In short, when the Republicans control all branches of government they spend like drunken sailors. Source Article



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