Paul Krugman: “Facts Do Have A Well-Known Liberal Bias”
In discussing under which administrations the economy did well, those who offered tax cuts and those who didn’t, the facts speak for themselves and, shows Paul Krugman, “have a well-known liberal bias.” Krugman points out the “invincible ignorance” of Senate Minority Leader Mitch McConnell and Arizona Senator Jon Kyle agreeing that “there’s no evidence that the Bush tax cuts diminished revenue.”
And who in their right mind would describe the Bush economy as “vibrant”, anyway? Even during the peak of the housing bubble, it never achieved the kind of job growth that was routine in the Clinton years.
Oh, and as for revenue: we have a growing economy, which means that revenue tends, other things equal, to rise over time. But here’s what real federal revenue looked like since 1992:
Also, for those readers who complain that I’m too partisan, that I should admit that there are two sides to the issues, this is a prime example of my problem. How am I supposed to pretend that these are serious people? The facts really do have a well-known liberal bias.Click here for reuse options!
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