Democrat President Bill Clinton's Economy Created More Jobs than Republican Presidents Ford + Reagan + Bush1 + Bush2 + Trump COMBINED!
I guess you ignored the dot com bubble burst that took place right after Clinton became a lame duck.
likewise, you seemed to ignore 9-11 under Bush
Furthermore, you seemed to ignore the pandemic that affected the economy of every country.
So, in other words...you look at stats but dont break them down so you can analyze them in context.
Why?
Because it makes you feel good.
Thats why.
The dot.com bubble bursting didn't lead to 10% unemployment, or even 6% unemployment. It lead to a mild recession. That's how capitalism works - periods of expansion, followed by periods of retraction, called "recessions". It's why a social safety net is a necessity for capitalist economies. What no Democrats has ever done is to "crash" the economy. Republicans have done it four times now, three in the past 30 years, each one worse than the last.
As for the pandemic, Trump's failed response to the pandemic CAUSED the economic crash. And it was made much worse by Trump's initial stimulus bill which only gave most of the money to corporations and the wealthy. Added to which, Trump's $1.9 trillion dollar tax cut, left the government short of cash and other resources when the pandemic hit.
As for 9/11, it had NOTHING to do with the economic crash. That's all on the Republicans. W's American Dream Downpayment Act in 2003, to get increased the declining rate of home ownership. Combined with the deregulation of the banking industry written by and passed by Republicans, and signed into law by Clinton in 1999, and near zero interest rates, W's bill combined to created the toxic Housing Bubble which nearly destroyed not only the American economy, but nearly took the world economy down with it.
I've looked at the stats and I've broken them down. All of them. There wasn't a single economic crash under the Roosevelt's New Deal, and those policies were in effect for nearly 40 years. Recessions, yes. But those economic policies created the greatest middle class the world has ever seen, and the most successful. It gave the world the American Dream.
Republicans have one strategy: cut taxes and run up the deficit. It's resulted in economic crashes all three times it's been tried. And each crash has been worst than the last. Republican economic policies of the past 40 years have destroyed the American Dream, and the American middle class.
Thanks to Republican economic policies, the USA has the only middle class in the first world that's shrinking, and more people are falling back into poverty than are moving up into wealth. Generation X, born in the 70's and 80's, is the first generation of Americans to do less well economically than their parents, and their children are doing worse than them, because of student debt. Children who grew up under Republican economic policies are much worse off than those who grew up under the New Deal.
Every other first world country in the world is doing better economically than the USA right now, and that's ALL on Donald Trump. None of the rest of us are paying for 30 million people to be tested and treated for covid. The costs of caring for the sick and dying are hundreds of time more money than the rest of us are spending.
Now tell me exactly what economic numbers are better under Republicans than Democrats, because I don't see a single economic indicator which shows where American workers have been better off under Republican economic policies.
projects.fivethirtyeight.com
