The GOP's economic platform will be the same as that under former president George W. Bush, just 'updated,' according to comments from a Republican National Committee spokeswoman in an interview last week. Listen to the audio above.
Alexandra Franceschi appeared on The Fernando Espuelas Show to make the case for Latinos to support the GOP. She said Latino voters were more concerned with economic policies than immigration, and urged them to consider Republicans as the best bet for job growth.
But when asked specifically what the GOP economic platform was, and whether it would differ from the policies of the Bush administration, Franceschi admitted it would be fairly similar to those under Bush.
Here's the transcript:
Espuelas: "What do you mean by economic security? Regardless of who the ultimate nominee is, what's the general idea that the RNC or the Republican party in general has in terms of this (economic) message?
Franceschi: Well, it’s a message of being able to attain the American dream. It’s less government spending, which a Tarrance Group poll that came out last week actually shows that the majority of Hispanics believe that less government spending is the way out of this deficit crisis. It’s lowering taxes so small businesses can grow, and they can employ more people, because we understand that the private sector is the engine of the economy. It’s not the government. We're going to get the government out of the way, let the private sector grow, let small businesses grow, let people start new small businesses, and let really people take their lives into their own hands and be able to obtain the American dream, not only themselves but all future generals of Americans.
Espuelas: Now, how different is that concept from what were the policies of the Bush administration? The reason I ask that is because there’s some analysis now that is being published, talking about the Bush years being the slowest period of job creation since those statistics were created. Is this a different program or is this that program just updated?
Franceschi: I think it’s that program, just updated. I think the Republican party really stands for some firm ideals of limited government, of support for small businesses, and support for people who are trying to build themselves up by the bootstraps and attain the American dream.
Bush's presidency was not marked by fiscal responsibility. Despite coming in with a $236 billion budget surplus, the former president left the country with a $1.3 trillion deficit. On top of starting two wars, Bush pushed the expensive Medicare drug benefit plan and the so-called Bush tax cuts, all of which helped spiral the country into debt.
Economist Paul Krugman recently concluded that job loss under Bush was worse than it has been under President Barack Obama, who inherited a deep national recession when he came into office.