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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
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
posted by jason # 3:24 PM 
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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.
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.
# posted by 
: 8:59 AM
: 8:59 AM
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.
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 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.
# posted by : 9:52 AM
: 9:52 AM
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......
Love this blog......
# posted by : 6:08 PM
: 6:08 PM
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."
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Thus the saying "Recession is a time when money returns to its rightful owner."
# posted by : 8:44 AM
: 8:44 AMSubscribe to Post Comments [Atom]
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