Democrats Are Better For The Economy

Discussion in 'Economy' started by midcan5, Apr 20, 2010.

  1. midcan5
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    midcan5 liberal / progressive

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    It is a simple fact, on every single economic indicator democratic presidents outperform republican presidents.

    'Bulls, Bears, Donkeys and Elephants' By Tommy Mccall

    "Since 1929, Republicans and Democrats have each controlled the presidency for nearly 40 years. So which party has been better for American pocketbooks and capitalism as a whole? Well, here’s an experiment: imagine that during these years you had to invest exclusively under either Democratic or Republican administrations. How would you have fared?

    As of Friday, a $10,000 investment in the S.& P. stock market index* would have grown to $11,733 if invested under Republican presidents only, although that would be $51,211 if we exclude Herbert Hoover’s presidency during the Great Depression. Invested under Democratic presidents only, $10,000 would have grown to $300,671 at a compound rate of 8.9 percent over nearly 40 years."

    Op-Chart - Bulls, Bears, Donkeys and Elephants - Interactive Graphic - NYTimes.com

    It is a simple fact, republicans are worse for the economy and for America's workers than democrats. On every single item democratic presidents out perform republican presidents:

    GDP growth- Since WWII the economy has grown a shocking 70% faster under Democrats. http://www.nytimes.com/2008/08/31/business/31view.html?_r=1

    Median income- The median income has grown 160% faster under Democrats. http://www.nytimes.com/2008/08/31/business/31view.html?_r=1

    Income of the wealthy- The income of the person at the 95th percentile line has grown 11% faster under Democrats. http://www.nytimes.com/2008/08/31/business/31view.html?_r=1

    Income of the poor- The income of the person at the 20th percentile line has grown 513% faster under Democrats. http://www.nytimes.com/2008/08/31/business/31view.html?_r=1

    Unemployment- Since WWII unemployment has risen by 0.36% per year under Republicans and fallen by 0.22% under Democrats.
    ftp://ftp.bls.gov/pub/special.requests/lf/aat1.txt

    Deficits- Since WWII Democratic presidents have reduced the deficit by an average of $7.8 billion/year, and Republicans have increased the deficit by an average of $28 billion/year. U.S. Federal Deficits and Presidents

    The stock market- The S&P 500 has grown on average at 8.9% per year under Democratic presidents, but only 0.4% under Republican presidents. Op-Chart - Bulls, Bears, Donkeys and Elephants - Interactive Graphic - NYTimes.com
     
  2. Tom Clancy
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    Tom Clancy Clancy for Ron Paul

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    Gee, Carter sure had everything right didn't he?
     
  3. PoliticalChic
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    PoliticalChic Diamond Member

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    "It is a simple fact, on every single economic indicator democratic presidents outperform republican presidents."
    It seems your facts aren't quite as simple as you seem to believe them to be.


    The following from a WSJ article entitled "Vote Republican If You Want Equal Pay"

    "I have used labor market data from the Census Bureau to study the amount and reasons for women's progress in the labor market since the 1960s. One byproduct of my study is a calculation of women's relative wage growth by presidential administration.

    The nearby chart [see link] shows the results for all of the administrations since Lyndon Johnson (I pool Richard Nixon and Ford). Johnson, Carter and Bill Clinton were all Democrats, yet none of them witnessed much labor market progress for women during their administrations. Essentially all of the labor-market progress for women occurred during Republican administrations: eight years of Reagan, four years of George H.W. Bush, and six years of George W. Bush (I do not yet have the data for the last two years of the current administration).

    By 2006, the gender wage gap had narrowed to 21%. The Nixon-Ford administrations were the only Republican administrations that failed to witness significant reduction in the gender wage gap during their terms."
    Vote Republican If You Want Equal Pay - WSJ.com
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    So you favor letting people invest a portion of their Soc Security in the equities?
     
  5. manu1959
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    manu1959 Left Coast Isolationist

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    they should look at who controlled congress....the president is a figurehead at best....not to mention the lag in policy and legislation and when the results actually hit....

    bill clinton invented the dot com boom.....ya right......
     
  6. AllieBaba
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    AllieBaba BANNED

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    Is Midcan fucking retarded?

    CONGRESS CONTROLS THE PURSESTRINGS.

    So how does the economy do, historically, with a dem congress?

    BTW, when Clinton was in power...we had a REPUBLICAN congress.

    Fucking idiot.
     
  7. Wry Catcher
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    Wry Catcher Platinum Member

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    post hoc, ergo propter hoc; only an ignorant person would not understand. "Fucking idiot" is the final comment of someone ignorant. Don't you agree?
     
  8. Toro
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    Toro Diamond Member

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    I am. I think that's a great idea.

    It is true that the economy has done better under Democrats than Republicans, but I will say the same thing to Democrats as I do to Republicans when they crow about how much better they are at running the economy.

    Here is a picture of the economic growth per capita from 1870 to 2006. As you can see, it pretty much goes up in a straight line, with a big deviation around the Depression. It has grown like that with a Republican President, with a Democrat President, with a Republican Congress, with a Democrat Congress. The growth of the economy has more to do with the American people than it does with whichever party is in power.

    [​IMG]

    Taxes go up, taxes go down. Spending goes up, spending goes down. In the long-run, it hasn't much mattered.
     
  9. AllieBaba
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    AllieBaba BANNED

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    Why no, I don't. I know plenty of educated and intelligent people who, when frustrated by the supreme stupidity and arrogance of an unworthy opponent, opt not to use their best arguments but simply describe said retards.
     
    Last edited: Apr 20, 2010
  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Ahem.

    It takes a couple of terms for a GOP president to clean up the mess created by the Democrat predecessor.

    j/k

    Both parties are fluxored right now - they are both just variants of Big Government. We need to get back to basics. Seriously.
     

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