Trump’s quest to shatter GOP economics reached its
peak in 2019
https://www.washingtonpost.com/business/2019/12/27/trumps-quest-shatter-gop-economics-reached-its-culmination/
GOP hypocrisy
GOP hypocrisy
“During the Obama years, after all, Republicans alternated between hysterically and semi-hysterically warning that we had to cut the deficit or go bankrupt like Greece, and raise interest rates or have our currency collapse like Zimbabwe’s. They, of course, tried to use their most sober and serious voices to tell us this story, but that didn’t change the overall message: Be afraid, be very afraid.”
The Economics of Donald J. Keynes by Paul Krugman
The Sabotage Years by Paul Krugman
Don’t Be Shocked If Trump’s Economy Goes the Way of Bush’s: The formula is basically the same: tax cuts, higher spending and deregulation. By Richard J. Carroll
The Conservative Caricature of Keynesianism
Daniel W. Drezner notes:
“You can say a lot of things about the Trump administration’s domestic economic agenda, but you know what word best describes it? Keynesian. In the past 18 months, this administration has signed off on a massive tax cut and a massive increase in government expenditures. As Vox’s Tara Golshan summarized it, “The deal lifts funding for domestic programs by $128 billion and hikes defense budgets by $160 billion.”
That is a classic example of expansionary fiscal policy. Consistent with previous cases of Keynesian fiscal expansions, it leans heavily on tax cuts and boosts in military spending. This has happened so often, in fact (early 1960s, early 1980s, early 2000s), that Thomas Oatley labels it “military Keynesianism,” and he is right.”
Related:
“Public-choice theory describes the democratic voter, rather cynically but truthfully, as a person wanting as much free stuff from the government as possible, paid for by someone else. The GOP elite (from Trump to the “establishment” and back) have learned this lesson all too well.”