Arguments Regarding the US Economy from Conservative and Liberal Mindsets

explanatory Essay
6663 words
6663 words

Arguments Regarding the US Economy from Conservative and Liberal Mindsets Introduction The Republicans and Democrats have similar and different views on how to handle the United States of America and its immense economy. Both of the parties are more ideologically alike than different. Both parties support the United States Constitution, private property, free enterprise, and our individual freedom. Both view government's role as a limited one, to varying degrees. They support majority rule and the due process of law. Both generally support the reforms made in the New Deal, such as social security, income tax, and welfare. (Goshen, Chapter 10 Notes) Republicans tend to be conservative and Democrats tend to be liberal. If you were to summarize the Republican philosophy on the economy, you would see three prevailing points. The party supports minimal government, lower taxes, and less government intervention. Republicans believe that economic success comes from innovation and hard work. The Democratic Party represents the "common people's" aspirations. Through a large government, high taxes, and social programs, they believe they can help bridge the gap between the wealthy and the poor. Brief History of the United States’ Two Major Political Parties The two major political parties today can be traced back to the founding of the United States Constitution. At the time the document was drafted, two factions emerged: the Federalists and the Anti-Federalists. The Federalists consisted mostly of bankers and merchants. The Anti-Federalists, also known as the Democratic Republicans or Jeffersonian Republicans, consisted mostly of farmers and planters. When the Democratic Republicans broke up, the majority of its ... ... middle of paper ... ...catnum=3&catid=13 Powell, Colin, United States Secretary of State – Commenting on the G8 conference and Bush’s trip to Europe. Republican National Committee - President Unveils New Tax Plan – Talking Points – February 7, 2001. Republican Platform 2000 - RNC Tax Relief Information Center - Smith, Adam (economist) - Microsoft Encarta Online Encyclopedia – © 2001 Microsoft Corporation. Strategic Defense Initiative - Microsoft Encarta Online Encyclopedia – © 2001 Microsoft Corporation. The Difference Between Democrats and Republicans – AP United States Government and Politics – Lesson 18, Handout 18. © The Center for Learning. Zero Emission Coal to Hydrogen – Los Alamos National Laboratory -

In this essay, the author

  • Explains that republicans and democrats have similar and different views on how to handle the united states of america and its immense economy. both parties support the us constitution, private property, free enterprise, and individual freedom.
  • Explains that republicans support minimal government, lower taxes, and less government intervention, while democrats represent the "common people's" aspirations.
  • Explains that the two major political parties can be traced back to the founding of the united states constitution — the federalists and the anti-federalists.
  • Explains that the federalist party ended in 1816 and was rekindled under the name of the whig party. the republican party formed in the early 1850s on the issue of granting western lands to settlers and supporting the abolitionist movement.
  • Explains that freedom is what our ancestors fought for in the revolutionary war. freedom from big government and high taxes is the basis of conservative beliefs.
  • Explains how the tax system is slanted so that the more wealth you have, the higher your taxes. conservatives oppose a flat tax and tax cuts.
  • Explains that corporations pay more to the government than ever before and have to comply with constantly changing regulations. when profits go into the red, decisions that would hurt the united states economy are often made.
  • Explains that republicans think the people of america need a tax cut because they are paying more in taxes than they spend on food, clothing, and housing combined.
  • Explains that president bush passed a tax cut that was supported by republicans and moderate democrats. he reduced the marriage penalty, doubled the child credit, and cut the 15% rate to 10%.
  • Explains that republicans support the philosophy of laissez-faire, which is based on a minimum of governmental interference in the economic affairs of individuals and society.
  • Explains that republicans believe in the promotion of business, and that they are against regulations that would hinder the effectiveness of a business.
  • Opines that the democratic party is committed to ensuring that all americans have the opportunity to achieve the american dream.
  • Analyzes how the tax system makes the rich pay more than anyone else. republicans and democrats support a regulated economic system, but the democrats favor an "earned income tax credit."
  • Explains that the republican and democrat tax cuts are for the elite and the selected few. democrats believe in cutting taxes for working parents who are trying to raise multiple children.
  • Explains that republicans favor big businesses, while democrats favor small businesses. small businesses are less efficient than corporations, which leads to higher prices in the market.
  • Explains that liberals view poverty as something that can trap people, while urban decay and economic decline trap the poor into a never-ending tunnel of poverty. they contend that "trickle down economics" won't work for them.
  • Explains that corporations set prices amongst a market, like airline corporations, so that there won't be price wars. democrats and republicans are against corporations deciding on their own prices, but democrats fear it more.
  • Explains that military spending has the most multiplier effects. large corporations develop technology and work out contracts producing products for our military. the private sector is greatly helped by a large military
  • Opines that both political parties support increasing our military to various degrees. both believe in improving the military technology and get our systems up-to-date.
  • Explains that the strategic defense initiative (sdi), also referred to as star wars, was an important aspect of our national defense.
  • Explains that the cost of nmd cannot be determined. the library of congress' congressional research service analyzes the question of exactly how much has been spent on 'sdi' or missile defenses since its inception.
  • Opines that the republican party, in general, supports this massive project. the united states would have to persuade russia to accept significant changes in the anti-ballistic missile treaty.
  • Explains that the environment is an interesting aspect in the political parties, since there is no market centered on protecting it, which points out the need for government intervention.
  • States that the democratic party supports many measures to protect the environment, such as clean air, cleaner water, and a safer food supply. they believe in giving americans incentives to invest in driving more fuel-efficient vehicles.
  • Explains that democrats believe in posing penalties as a price to pay for not acting more favorably towards the environment.
  • Opines that the democratic party's scientists are concerned about global warming, and the fact that solar flares from the sun may be causing global warming.
  • Summarizes the republican stance on the environment: private industries or individuals stepping forward for the better good.
  • Compares the stances of the republican party and the democratic party on energy.
  • Explains that the united states is heavily reliant on coal, which is the worst polluting energy source. los alamos is developing a zero emission process for converting coal and water slurry into hydrogen.
  • Explains that the united states has proven reserves of oil on hand but has limited production potential.
  • Opines that drilling in alaska is highly controversial, as environmentalists point out that it would be hurting the reserve and could harm the life there.
  • Explains that nuclear power is the second largest power source in the united states and is environmentally friendly. it emits no harmful gasses into the air, and takes up very little space.
  • Explains that there is an energy crisis in california. there are many reasons that contributed to this crisis.
  • Explains that the bush administration's long-term energy plan includes streamlining the design of generating facilities, creating conservation incentives, and enacting structural reforms to state agencies responsible for oversight of energy production.
  • Explains that the democrats have a totally different approach. they want to see price caps to protect the consumer from incredibly high power prices.
  • Explains that the democratic party favors large social programs designed to help the people of the united states. they support a moderate national defense and making sure the environment is protected.
  • Explains that the republican party wants to create incentives for people to move up the classes through hard work and innovation without having to worry about being hit with heavier and heavier taxes.
  • Explains that republicans and democrats have many ideas on how to proceed with the economy. they want to do what they see is best for the united states, to varying degrees.
  • Describes bush's remarks to department of energy employees.
  • States the dnc position paper on earned income tax credit - the democratic national committee.
  • Explains fik, dr. timothy j. – the geography of economic development 2000, mcgraw-hill companies, inc.
  • Explains that the california state republican caucus proposes long-term solutions to energy shortage.
  • Explains goshen, kathy, bishop moore high school's ap government and politics class notes.
  • Quotes powell, colin, united states secretary of state, commenting on the g8 conference and bush’s trip to europe.
  • Analyzes the republican national committee's announcement of a new tax plan.
  • Explains the difference between democrats and republicans in ap united states government and politics, lesson 18, handout 18, and the center for learning.
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