Putting Republicans in charge is never a guarantee of good public policy. It was during the Bush years, for instance, that the nation was saddled with a prescription drug entitlement. The GOPers in the White House and on Capitol Hill also recklessly increased the burden of government spending. And they expanded the “affordable lending requirements” on Fannie Mae and Freddie Mac, thus helping to create the housing crisis.
More recently, a majority of Republicans in the House and Senate voted to expand corporate welfare by increasing the authority of the corrupt Export-Import Bank. And that’s after voting last year to increase housing subsidies!
But this doesn’t mean all Republicans are bad. Ronald Reagan unambiguously was a net plus for freedom, and congressional Republicans mostly tried to do the right thing in the mid-1990s.
The main thing to understand is that there is an ongoing fight inside the Republican Party between those who want to do the right thing and those who see politics as a means of accumulating and exercising power.
The latest example of this battle is taking place in Oklahoma, where the Governor has proposed to eliminate the state income tax and her main opponents are members of the corrupt GOP establishment.
The Wall Street Journal has editorialized on the issue, and makes all the correct points.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 29th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 28th, 2014 | John Ransom