Maurice Hinchey: “just before the August recess, the Wall Street Journal published an op-ed written by economist Alan Reynolds of the…”

“just before the August recess, the Wall Street Journal published an op-ed written by economist Alan Reynolds of the Hudson Institute. That op-ed, entitled ``Clintonomics doesn't measure up,'' urged presidential candidate Bob Dole to embrace a return to supply-side economics based on what was portrayed as anemic economic growth during the past 4 years. Reynolds argued that key statistics showed economic performance was superior during the supply-side years of President Reagan than it has been since President Clinton was elected to office. As I read the article, it became clear to me that Mr. Reynolds, a long-time advocate for supply-side policies, was not providing objective analysis of this situation. Calling on the resources of the Joint Economic Committee, of which I am a member, I conducted extensive research into Reynolds' economic analysis and the statistics he used to make his case. I was not surprised to find that the analysis was orchestrated in a manner that proved to be generous to the supply-side years and not so generous to the Clinton years.”