there is no such thing as Republican economics.
Republican economics would primarily be capitalist economics while Democrat economics would primarily be be socialist economics. Now perhaps even you can understand why Republicans opposed ACA while Democrats supported it.
Simple enough?
Yes, simple (and wrong) is your middle name Bubba
(Re-)Introducing: The American School of Economics
When the United States became independent from Britain it also rebelled against the British System of economics, characterized by Adam Smith, in favor of the American School based on protectionism and infrastructure and prospered under this system for almost 200 years to become the wealthiest nation in the world. Unrestrained free trade resurfaced in the early 1900s culminating in the Great Depression and again in the 1970s culminating in the current Economic Meltdown.
Closely related to
mercantilism, it can be seen as
contrary to classical economics. It consisted of these three core policies:
- protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–70)
- government investments in infrastructure creating targeted internal improvements (especially in transportation)
- a national bank with policies that promote the growth of productive enterprises rather than speculation
It is a
capitalist economic school based on the
Hamiltonian economic program. The American School of
capitalism was intended to allow the
United States to become economically independent and nationally self-sufficient.
Frank Bourgin's 1989 study of the Constitutional Convention shows that direct government involvement in the economy was intended by the Founders.
American School economics - Wikipedia the free encyclopedia