Politics and Economics...married for better or worse...Sometimes politics and economics get along, other times they seem to be polar opposites. What causes such severe changes in their...

Politics and Economics...married for better or worse...

Sometimes politics and economics get along, other times they seem to be polar opposites. What causes such severe changes in their 'relationship'????

Asked on by dbello

4 Answers | Add Yours

litteacher8's profile pic

litteacher8 | High School Teacher | (Level 3) Distinguished Educator

Posted on

Sometimes politicians make bad choices. When they act in their own best interest instead of the country's, disaster can result. The recent debt ceiling debates are a perfect example. Everyone knew that the debt ceiling would have to be raised. Allowing the country to go into default was rediculous. Yet they argued for long enough to get our credit rating downgraded due to government disfunction.
alohaspirit's profile pic

alohaspirit | Middle School Teacher | (Level 2) Assistant Educator

Posted on

It does depend on what party and person is in charge.  Most Republicans would like to lower taxes and cut spending on certain programs.  While most Democrats are for raising taxes on the rich and using money for social programs. 

enotechris's profile pic

enotechris | College Teacher | (Level 2) Senior Educator

Posted on

Politics and Economics should divorce, for the better!  I'm assuming that the purpose of politics is to insure the functioning of government, and the purpose of government is to safeguard rights.  The purpose of economics is to provide the best goods and services to the most people for the cheapest cost.  In as much as politics aids that goal, fine, but it does exactly the opposite, and puts inappropriate power in the hands of polticians to "regulate the economy."  Then, after the politicians screw up the economy, they turn around and blame corporations or Capitalism in general.  Ah! But if the economy is humming along, politicians then turn around and take the credit! (I still shake my head in disbelief when I recall 'Al Gore's Information Superhighway!!') "So a politician's M.O. boils down to, "Heads I win; Tails you lose." Politics is as useful to economics as rusty nails are to a rubber raft.  It's unfortunate that the reverse is not also true.

amy-lepore's profile pic

amy-lepore | High School Teacher | (Level 1) Educator Emeritus

Posted on

Depends on whose in charge.  The Democrats never agree with the Republican's economic policy and vice versa.  This is primarily because of the differences in opinion of how money should be distributed.  Democrats are much more likely to support social programs and issues such as same gender marriage and abortion.  Republicans are more likely to support religious issues, pro-life legislation, and education issues.

When the economy is strong, both sides take credit.  When the economy lags, both sides points fingers at the other side. 

I wish I knew the answer...we truly need to find a way to get along and work together regardless of our differences in opinion to achieve goals that are for the greater good of us all.  When we quit looking for pay-offs, kick backs, and huge bonuses for the me-me-me's in our capitalistic society, then we'll have a country that is truly a better place to live.

We’ve answered 318,911 questions. We can answer yours, too.

Ask a question