THIS IS NOT ->Delawareliberal

CHECK US OUT AT: http://delawareliberal.wordpress.com/

Tuesday, April 11, 2006

 

Debunking the myth that Republicans are good for the economy

I don't know about you, but I'm really looking forward to the gas lines this summer. No amount of bombing IRAN will distract people from the fact that Republicans have trashed the vibrant economy that Clinton left for them.

As the foreign capital flees this country, and rising interests rates force everyone with adjustable rate mortgages to live off onion skins and egg shells, the notion that Republicans are good for the economy will be put to rest forever.

Here are the facts:

1) The economy has done better under Democratic presidents than Republican ones since the 1940s.

2) The Standard & Poor's 500 stock index rose 54 percent on average during a Democrat's term; only 32.3 percent with a Republican. The DJIA? Don't ask.

3) Unemployment fell with Democrats in the Oval Office (by 0.3 percentage points) and rose (1.1 points) with Republicans in charge.

4) Gross domestic product: Real growth in the measure of the nation's total goods and services averaged 4.0 percent a year with a Democratic president; only 3.1 percent with a Republican.

I don't mind going over this from time to time. Heck. It is such a one sided victory form Dems that I don't even mind mentioning Inflation. Republicans beat Democrats on inflation. Under the Democrats it increased 1.6 percentage points; it fell 1.1 points under GOP presidents.

Sources:

www.money.cnn.com/2004/01/21/markets/election_demsvreps
www.americanprogressaction.org/ site/pp.asp?c=klLWJcP7H&b=231770
www.eriposte.com/economy/other/demovsrep.htm

Comments:
Republicans beat Democrats on inflation. Under the Democrats it increased 1.6 percentage points; it fell 1.1 points under GOP presidents.

No kidding! Modest inflation is good for working people. Zero inflation is good for big long-term investors (i.e., Republicans). That's why you'll see them engineering the occasional recession to keep the rate of inflation low - part of their cheap-labor policy.
 
That clinches it. Dems are better for the economy based on every measure.

By the way, look at unemployment through that lens. Higher unemployment means cheaper labor for the owners in the ownership society.

One party has a win/win economic approach that benefits every "stakeholder" and the other party has a "grab the money and run" approach that benefits only the top two percent.
 
Oh yeah... speaking of inflation-fighting, here's another entry for the Republican-to-English dictionary:

"The economy is in danger of overheating..."

Translation: There is a lot of money being made and too much of it is being kept by working people.
 
The only research you'd have needed to do is to live under the economies of both Clinton and Bush.

I don't think I need to elaborate any more than that. :)

--Andrew David
 
Well put.

By the way, I like the blog.
 
Thanks. I emailed you with the shameless intent of hoping you'd post something on YOUR blog about it, heh. I like yours as well, it's found its way into my regular blog-reading cycle.
 
I totally agree that the GOPer strategy includes mild resession "treatments". I have noticed that for a few decades now, I just did not figure out why...THANKS!!!!



Love this blog......
 
I totally agree that the GOPer strategy includes mild resession "treatments". I have noticed that for a few decades now, I just did not figure out why...

Thus the saying "Recession is a time when money returns to its rightful owner."
 
Post a Comment

Subscribe to Post Comments [Atom]





<< Home

Archives

November 2005   December 2005   January 2006   February 2006   March 2006   April 2006   May 2006   June 2006   July 2006   August 2006   September 2006   October 2006   May 2007  

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]