Republican vs. democratic views on a problem Essay

Republican vs. democratic views on a problem - Essay ExampleDemocrats generally head for the hills to take a more short-term approach to fixing the economy. When individuals in the nation are scathe by a weakened dollar or other negative environmental events, democrats begin smell toward ways to brace the lifestyles of the majority of citizens in the nation.Republicans harbour the efforts of corporate in the event of frugal problems. This support would generally come in the form of business tax breaks and other economic incentives, designed to stabilize the health and wealth of the contemporary businessperson. Adam Smith, a renowned 18th Century economist, believed that strengthening the economic position of companies creates a trickle-down effect through jobs creation and social improvements. Smith further suggested that companies maintain no other responsibility other than to build a profit so that society can harvest the benefits of better products.Republicans appear to bel ieve strongly in the theories proposed by Adam Smith, as each prison term the nation faces an economic struggle, the Republican Party begins searching for new methods to boost the strength of the publicly-traded (Wall Street)