Tea Party Republicans were elected in large numbers in November 2010 with the promise of Jobs, Jobs, Jobs. The economy was struggling; while there had been constant private sector growth, that growth was slow and uncertain, and unemployment remained unacceptably high. A "Jobs, Jobs, Jobs" platform was a vote-getter, even though the GOP were extremely vague about where these jobs were to come from. Rather than proposing anything concrete at all, their proposals were along the lines of: We will cut taxes on corporations and the rich, thereby unleashing a dynamo of job creation and prosperity for all as the wealth trickles down.
If that policy had worked, the economy would have boomed for the last 30 years and George W. Bush would have presided over the greatest job-creation period in history. Instead, it was one of the worst job-creation periods in history, culminating in the most savage economic downturn since the Great Depression.
The newly elected Tea Partiers took office in January. By now, any kind of job-creation effort has dropped off the radar screen. When out of power, the Republican strategy had been to be The Party Of No. Newly resurgent in the House, they have become The Party Of Cut, Cut, Cut -- but only in the right places! Nothing that would hurt them or their wealthy friends!
Here are the basics of the Tea Party Republican economic plan.
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