Economic Ideology

More Government influence More regulation to protect consumers Taxes Democrats Republicans Role of Government More Government influence More regulation to protect consumers Taxes Necessary to fund public goods What to do in a Recession: Provide direct aid to the people that need it. ↓Taxes to people most effected so that they can have more money to spend ↑ Government Spending to provide public assistance (Fixing roads) Role of Government Less Government influence Regulation inhibits business growth Taxes Necessary to fund certain public goods, but less things should be provided by the government, therefore less money needed to fund. What to do in a Recession: Stimulate economic growth at the business level and have it “trickle down” to consumers. ↓ Taxes to business they use money to stimulate their business & eventually hire more people ↓ Government spending as a way to control unnecessary spending. Less money needed, less money to take from people.