OUBubba
5,000+ Posts
That may take a while.That's another matter. If we're talking about spending cuts, JFK didn't do it either. And don't be duped into the superficial mindset that the president is primarily responsible for spending. Congress writes and passes spending legislation.
And what difference did that make? Growth was already underway a year before he took office. Furthermore, you leave out the fact that the income tax hike was followed by a sharp reduction in the capital gains rate and a child tax credit. (Just FYI - I think capital gains should be taxed as ordinary income, but that's beside the point.)
And I'm still looking for the list of presidents who did Reaganomics in reverse and saw success.
Apparently, I bought into the JFK myth as well: https://www.usnews.com/opinion/articles/2011/01/26/the-myth-of-jfk-as-supply-side-tax-cutter
I think either system will work as well as the other IF you do it with discipline. We're short on that on both sides of the isle. Additionally, I'm not an economist but I don't think switching back and forth from supply side economics to Keynsian principles every 4-10 years is helpful.