General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSince WWII, the economy has performed better under Democratic presidents. So why do people think Republicans are better
Since WWII, the economy has performed better under Democratic presidents. So why do people think Republicans are better for the economy?
https://www.vox.com/explain-it-to-me/390454/democrats-republicans-economic-performance-gdp-growth
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**Want A Better Economy? History Says Vote Democrat**
1. Personal disposable income has grown nearly 6 times more under Democratic presidents
2. Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents
3. Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)
Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)
4. Republican presidents added 2.5 times more to the national debt than Democratic presidents
5. The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations
**Why Are Republican Presidents So Bad for the Economy?**
G.D.P., jobs and other indicators have all risen faster under Democrats for nearly the past century. https://www.nytimes.com/2021/02/02/opinion/sunday/democrats-economy.html
**U.S. Jobs, Income, GDP Growth 'Startlingly' Higher Under Democratic Presidents** https://www.newsweek.com/us-jobs-income-gdp-growth-startlingly-higher-under-democratic-presidents-analysis-1566313
**Over the last 6 decades--60 years or so, history has tended to favor Democratic presidents in terms of economic performance** https://www.usnews.com/news/blogs/data-mine/2015/10/28/which-presidents-have-been-best-for-the-economy
**During the final 3 years of Barack Obama's presidency 2014. 2015 . 2016 , the number of jobs added was 1.5 million greater than the number added during Trump's first 3 years in office 2017 2018 2019** https://www.snopes.com/fact-check/obama-created-more-jobs-trump
**Trump inherited a booming economy and handed Biden a nation 'in shambles'** https://www.nbcnews.com/business/economy/trump-inherited-booming-economy-handed-biden-nation-shambles-n1255033
**Trump to leave office with the worst jobs record since Herbert Hoover** https://finance.yahoo.com/news/trump-leave-office-worst-jobs-030044152.html
Trump will be first president since WWII to lose jobs during tenure. The U.S. lost 140,000 jobs in December 2020 in the final jobs report of Trumps presidency. This means the nation has about 3 million fewer jobs than it did 4 years ago UNDER THE BLACK GUY --OBAMA, meaning Trump will be the first president to lose jobs over his term since employment data was collected in this way. NBC News Now correspondent Simone Boyce explains how it all unfolded.
https://www.nbcnews.com/now/video/trump-will-be-first-president-since-wwii-to-lose-jobs-during-tenure-
DEBT AND DEFICIT
Trump Built a National Debt So Big (Even Before the Pandemic) That Itll Weigh Down the Economy for Years The King of Debt promised to reduce the national debt then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president. https://www.propublica.org/article/national-debt-trump
The national debt has risen by almost $7.8 trillion during Trumps time in office
TRUMP HAD THE THIRD-BIGGEST PRIMARY DEFICIT GROWTH, 5.2% OF GDP, BEHIND ONLY GEORGE W. BUSH (11.7%) AND ABRAHAM LINCOLN (9.4%).--All Republicans
Republican tax cuts are the driving force behind the countrys worsening fiscal outlook.
If not for the Bush tax cuts and their extensions as well as the Trump tax cuts revenues would be on track to keep pace with spending indefinitely, Instead, these tax cuts have added $10 trillion to the debt since their enactment and are responsible for 57 percent of the increase in the debt ratio since 2001
https://finance.yahoo.com/news/gop-tax-cuts-driving-us-160437971.html
Trump spent $32 billion in 2018 to help ease the burdern his own trade war https://www.politico.com/news/2020/07/14/donald-trump-coronavirus-farmer-bailouts-359932
The Trump tax cuts will pay for themselves he said
Trump Tax Cuts Cost $7.8 Trillion, Aid Top Earners, Study Finds Top 1 percent found to receive about 40% of proposals benefit Plans revenue raisers seen leaving deficit of $3.5 trillion https://www.bloomberg.com/politics/articles/2017-07-12/trump-tax-cuts-cost-7-8-trillion-aid-top-earners-study-finds?in_source=embedded-checkout-banner
"Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trumps got it back to a trillion." https://www.politifact.com/factchecks/2019/jul/29/tweets/republican-presidents-democrats-contribute-deficit/
Autumn
(46,668 posts)with no pushback.
mitch96
(14,774 posts)2naSalit
(93,510 posts)Better PR and don't care if they lie.
Emile
(30,814 posts)keithbvadu2
(40,526 posts)Vinca
(51,241 posts)but with few exceptions you rarely see them. Republicans, on the other hand, are happy to take credit for Democrats' accomplishments.
gab13by13
(25,416 posts)that explains why Democrats lose to Republicans on messaging.
Being too meek is a brief synopsis. Maybe I can link the article if it isn't behind a paywall
Here are a few paragraphs I was able to clip out.
The Democrats, starting with the ones in the Senate, have a chance to break this cycle. Instead of following public opinion, they can lead it by voting unanimously against every one of Trumps cabinet picks after declaring, in one form or another during confirmation hearings, that:
・the Trump administration will be the worst of our lifetimes;
・it will trigger another harmful, lasting crisis, as it did last time;
・all Trumps campaign promises are going to be exposed as lies;
・and this is what happens when democracy empowers grifters who care about themselves more than the American people.
In doing this, the Democrats can create power where they currently have little. Make the allegations now repeatedly, aggressively and, if need be, with righteous fury. Dismiss questions about whether this is bad behavior. The press corps never asks the Republicans why they blame the Democrats for everything. Have faith in that something bad is going to happen, because something bad has always happened whenever the Republicans have power. When the bad thing does indeed happen, point to it as proof of the allegations that have been made the entire time, elevating the Democrats over the Republicans. Then, when the time is right, declare loudly and proudly that the Republicans were wrong. Theyre incompetent and corrupt and selfish. They dont care about the people. We know because look at this mess!
BComplex
(9,155 posts)Right wing media ownership.
Srkdqltr
(7,781 posts)Nanjeanne
(5,464 posts)Like John McCain was a "maverick". Paul Ryan was a "policy wonk". And Republicans are the policy of "fiscal responsibility".
Initech
(102,512 posts)Don't forget the churches too.
allegorical oracle
(3,400 posts)William F. Buckley, and the rise of Limbaugh and incessant right-wing radio.
A split occurred when JFK was elected, died, and LBJ took over. For conservatives and many moderates, Civil Rights was a turning point as LBJ's laws passed and Vietnam pushed him out of office. Nixon was elected and shamed, so Carter was elected over Ford.
Once Reagan came to office, the nation seemed to divide more severely. That coincided with expansion of talk radio. So we've ping-ponged between Dems and Repugs ever since -- like we can't make up our collective mind and keep searching for a perfect leader.
People are fed up with both parties, I believe. They're stressed, weary and barraged with talk coming at them from their radios, phones, computers, and TVs. Now half of them have turned to a slick carnival barker who tells them what they want to hear. It won't work, but that's where we are.
SocialDemocrat61
(3,071 posts)Comrade Citizen
(1 post)Rincewind
(1,271 posts)always say that they are going to cut taxes, and cut "wasteful" spending. Nobody enjoys paying taxes, even if they recognize the necessity of taxes. And, in a 6.8 trillion dollar budget, there is always spending on things not everybody approves of. Because the republicans cater to big business and the rich, people think that they understand the economy better.
Tickle
(3,157 posts)valleyrogue
(1,201 posts)People think they are getting something for nothing.