The Democrats have no plan to fix any of our big problems why would anyone vote for them?
I'm not an economist, but I did stay at a Holiday Inn Express last night.
"They" have a "plan", but it will never pass because big money owns too many legislators.
The plan is essentially to shift back to demand-centered policies (as opposed to the current supply side policies). Reagan's budget director - David Stockman - has advised exactly this
Put simply, the plan is to end what George HW Bush famously called "voodoo economics". This is based on the realization that - at a point - increased wealth on top does not trickle down sufficiently into middle class consumption (technically called "demand"). And without demand, the capitalist cannot add one job. At some point, the austerity and low wages of neoliberalism (which provided such historic returns on investment capital) started translating into insufficient consumption - and when people can't consume, the capitalist has to layoff workers; and then there's even less consumption, and more layoffs. It's a toxic spiral Jroc.
If you pay workers lower wages and cut their services/benefit/entitlements, than at some point you reach a terrible fork in the road. You can either sustain consumption by expanding credit and allowing households to vastly increase their debt (like we did starting with Reagan), or you can watch consumption fall off a cliff. Both are bad choices - but we chose the worse one > we went on a credit orgy for 30 years, which was punctuated by leveraging the last piece of value we had left - our homes.
But let's do what Sean Hannity doesn't. Let's try to understand the occasion for shifting from the demand-centered policies of Keynes to the supply side policies of the Chicago School.
You will recall that when supply side economics was instituted the problem wasn't demand, it was inflation. Indeed, after 45 years of Liberal hegemony and labor friendly policies, supply side economics made sense. It is arguable that capital was over-taxed and over-regulated, and that constant stimulus-tinkering merely put too much money out there and created inflation that hurt the purchasing power of the very people we were trying to help with demand-centered policies. We've all read uncle Milty and we know that government intervention often has an opposite affect than intended.
And so yes Jroc, removing the tax and regulatory burden from capital in the 80s did increase investment and improve the competitiveness of American business. And relaxing the pump-priming demand centered policies which put do rei me in middle class wallets did curb inflation (along with Volker's artificial, interest-hike-driven recession. Uncle Milty's medicine worked). But the conditions have changed. Inflation is not the problem.
After 30 ******* years of Reaganomics, the middle class now has demand-related issues that simply were not present when the government shifted to supply side policies. Just as Keynesianism become over applied, so too has the supply side miracle ended. The tax cuts have been fully priced into the economy and are no longer translating into efficiency increases and jobs. In fact, even with the Bush tax cuts in place, job growth under Bush and Obama has been terrible. This means that we can't keep using the same supply side medicine.
It might be worth it for you to try to come to terms with the importance of demand. If money is placed in middle class wallets, capital is forced to innovate and add jobs to capture that money. This was the theory in the postwar years. Government taxed the surplus capital on top and recycled it into middle class wallets through a variety of programs and policies. The middle class had so much money that businesses had to keep adding jobs and inventing different ways to capture it. It wasn't until the great inflation of the 70s (prompted mostly by the OPEC-induced oil shock) that we decided to shift our approach. Now, the surplus capital isn't taxed, and the result is that it has nowhere to go. There are insufficient investment opportunities in the real economy (because consumers lack money and credit), so the giant pool of money on top goes to Wall Street who is forced to invent ponzi schemes to provide the desired returns (see the derivative market which exploded in 2008 and destroyed the global economy).
But, please realize young Jroc, the demand-centered policies of the postwar years worked very effectively for a while. Indeed - and this has always made the Austrian school cringe - it was the Fed's job to maintain full employment by stimulating demand whenever it faltered.
So for you to say that there is no plan is wrong. There is a plan, but it can't pass because the country has been hijacked by special interests who don't want to sacrifice their monopolies or their tax advantages, both of which have destroyed the economy. (You've been lied to)