This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Morici: Flawed Republican Policies Weaken Appeal of Conservative Principles

NEW YORK (TheStreet) -- Conservatives believe promoting economic growth and maximizing personal liberties best empower individuals and advances social progress. Yet, Republicans keep losing elections, because their policies are too often perceived to be unfair and prejudiced.

History teaches spending less and regulating only as much as necessary best promotes growth and creates good-paying jobs.

Liberals say President Obama must take a different tact because he faces tougher problems than any president since Roosevelt. Yet, the numbers tell a different story.

Early in his first term, the financial collapse caused unemployment to peak at 10%, but the crisis has passed. Home prices are rising again, yet growth has averaged a subpar 2.2% over the last three and a half years. The number of jobs created and wages paid have been woefully inadequate.

Ronald Reagan faced double digit interest rates and inflation and unemployment peaked at 10.8% early in his presidency. He emphasized lower taxes and spending, lean but effective regulation, and sound money. The economy was growing at 5.2% at the same point in his recovery and created an abundance of good-paying jobs.

Massive spending on entitlements and easy money policies provide some temporary relief for Democratic constituencies, but those don't create the foundations for robust, broadly distributed economic opportunities.

Yet, Republicans face daunting challenges selling conservative prescriptions to voters, because the GOP often doesn't support genuine fairness in the tax system and policies that would promote more robust competition.

Obama wants to eliminate special tax breaks for big oil and on investment income, which permit many corporate executives and financiers like Warren Buffet to pay taxes at lower rates than his secretary, but Republicans consistently oppose those reforms.

Dodd-Frank imposes too many burdens on regional and community banks, which historically finance small businesses and much of the jobs creation.

Republicans want to repeal this law, but won't get behind restructuring remedies that would protect against past financial abuses and enable small banks to flourish -- for example, separating financial houses that trade securities from banks, which make loans and take government guaranteed deposits, and limiting the size of the largest banks.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs