Whoa. How do you figure that cutting taxes cost jobs? You really need to cite or explain that.
More reasonably, the recession in the early 1980’s was due to a correction. The correction in this case was the attempt to get rampant inflation under control. This process was started under Jimmy Carter, when he appointed Paul Volcker to the Fed. Volcker instituted a tight money policy and ratcheted up interest rates. The combination created the recession, which caused the job losses. But it was a necessary correction, and Carter gets credit for starting it, and Reagan for following it through. The recession broke the back of ‘stagflation’ and put conditions in place for a healthier economy.
The tax cuts actually HELPED the short-term situation by leaving more private money in circulation.
I see no connection at all, other than that you can argue that both Reagan and Bush were engaged in classic Keynesian pump-priming as a result of dealing with a recession. Neither president caused the recession - they were handed recessions, and used deficit spending to minimize them.
Now, you can argue the merits of Keynesianism. There are very good arguments against it - one is that government never goes the other way - in true Keynesianism, you’d borrow money during recessions to minimize their impact, and then pay it back during the ‘good times’. So you’d trade off a deeper bottom for slightly slower growth later, smoothing out the effects of the business cycle. The problem is that government never wants to be fiscally responsible in good times. California is the ultimate example of that - during the tech boom when money was flowing hand over fist, rather than pay down debt the government went on an insane spending spree. Then the economy contracted again, leaving them in a mess.
Another argument against Keynesianism is that it interferes with the natural functioning of the market. Sometimes it’s good to have a short, deep recession. It’s a natural correction that should not be messed with.
But perhaps the best argument is that government is simply too slow. And if you’re too slow at this game, you can make it far worse because by the time you act to ‘stimulate’ the economy it’s already doing fine, so you just make the peaks higher and the valleys even deeper - it’s like acting in phase with a signal instead of out of phase.
That may have happened this time. The recession ended long before Bush’s tax cuts went into effect. So the result may have been additional stimulus on top of an already improving economy. That may create yet another bubble of sorts - 8.2% economic growth in the last quarter of 2003 seems somewhat excessive from that standpoint.
Of course, none of that has to do with Kerry’s criticisms, for the most part because I think Kerry’s criticisms strike me as being incoherent. He’s for tax cuts (just not on the rich), and he’s against corporate welfare (except for the long list of new corporate tax breaks he favors), and he’s for a balanced budget (except that he wants to cut taxes and increase spending).
Perhaps if you described his criticisms in detail we could debate them.