Republicans Call Keynesian Economics “Just a Theory”, Propose Job Creationism
(Washington) Top Republican leaders today called Keynesian economic principles in the Obama stimulus plan, “just a theory.” In a news conference from Capitol Hill, Republican Minority Leader John Boehner said, “The idea that Federal construction projects will create jobs in this country is utter malarkey. It is a well known fact that spending by the government in the 1930s actually prolonged the depression and that the thousands of jobs created by agencies like the WPA weren’t real. Keynes's theories have never been proven right and he was, after all, a poofter.”
Instead, the Ohio congressman said Republicans will propose a Job Creationism Tax Cut that will stimulate investment and hiring by the business owners who are the party’s base. It will include a full tax credit for lobbying expenses and a one thousand dollar per child tax credit to companies that hire parents. It will also eliminate the death tax because it is believed under Creationist Economics, good Republicans actually can take it with them. An IRS spokeswoman declined to confirm such deductions are possible.
