The presidential election: who pays, wins

Article Abstract:

Political campaigning in the US is a very expensive business. The gross political product in 1984 was $2 billion, double the 1980 total and quadruple the 1976 total. The Federal Election Commission has established rules for presidential candidates, some of which are mandatory and some of which are voluntary. Rules which apply to all candidates concern the size of contributions and the amounts which can be spent: individuals may not contribute more than $1,000 a year and political actions committees may not contribute more than $5,000; a maximum of $28 million may be spent by candidates who accept federal funds. Spending is also limited by state, with limits determined by size of population.

Finance, Elections, Presidents, Campaign funds, Political campaigns, Presidential elections

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Reaganomics and the rewriting of history

Article Abstract:

Ronald Reagan's incoherent economic policy consisted of bits and pieces of economic theories he understood. Reagan's supply-side economics was based on the laffer curve and suggested that taxes stifled the incentive to work, so a reduction of the top tax rate would encourage people to earn more money and be honest with their taxes. Supply-side economics was supposed to increase tax revenue and stimulate economic growth through a 'trickle down effect'. The policy not only failed to deliver a balanced budget, but total government spending actually increased 61% before inflation between 1981 and 1989 based on projections for the later date.

United States economic conditions, Reagan, Ronald, Supply-side economics

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Colouring in the president's political face

Article Abstract:

The economic issues facing US President George Bush include taxation, foreign affairs, and the huge budget deficit. There are questions whether Bush will attempt to develop a practical deficit-management plan at the risk of raising taxes, but Bush's track record gives little information about what he is likely to do.

Interpretation and construction, Tax law, Bush, George H.W.

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