- Sep 19, 2011
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According to statistics and the biased MSM the Democratic party takes credit for more job creations than the GOP.
The reason for that though is perception and not the facts.
Look at the below chart and the highest of the 15 presidents is Biden at 4.3% (CAGR)
The compound annual growth rate (CAGR) is the rate of return (RoR) that would be required for an investment to grow from its beginning balance to its ending
balance, assuming the profits were reinvested at the end of each period of the investment's life span.
NOTE this would then if applied to the previous Presidents MIGHT change Biden's first place!
And at first blush.. Everyone of the Democrat presidents' % change in employment is HIGHER than GOP!
At first blush then the question is: are the Democrats better at creating JOBS?
The consideration is reality again, not perception and here is why!
Which party in power would raise taxes? Answer Democrats. The exception was Kennedy but look at LBJ at 3.80% is the highest before Biden!
Why Kennedy lowered taxes according to Kennedy..
"Kennedy disagreed, arguing that “a rising tide lifts all boats” and that strong economic growth would not continue without lower taxes."
www.jfklibrary.org
As a result when GOP presidents cut taxes as almost all have done, the AFFECT is not felt for at least 2 to 3 years later!
Consequently then when Democrat president takes over the economy is growing from the GOP's efforts.
The below facts then show that in almost all cases Democrats take credit for increased employment BECAUSE employers know their taxes will be reduced so they higher more people! Hence the Democrat administration LIKE Biden falsely takes credit!
Bottom line is what Kennedy said: a rising tide lifts all boats
The phrase is commonly attributed to John F. Kennedy, who used it in a 1963 speech A rising tide lifts all boats - Wikipedia.
The reason for that though is perception and not the facts.
Look at the below chart and the highest of the 15 presidents is Biden at 4.3% (CAGR)
The compound annual growth rate (CAGR) is the rate of return (RoR) that would be required for an investment to grow from its beginning balance to its ending
balance, assuming the profits were reinvested at the end of each period of the investment's life span.
NOTE this would then if applied to the previous Presidents MIGHT change Biden's first place!
And at first blush.. Everyone of the Democrat presidents' % change in employment is HIGHER than GOP!
At first blush then the question is: are the Democrats better at creating JOBS?
The consideration is reality again, not perception and here is why!
Which party in power would raise taxes? Answer Democrats. The exception was Kennedy but look at LBJ at 3.80% is the highest before Biden!
Why Kennedy lowered taxes according to Kennedy..
"Kennedy disagreed, arguing that “a rising tide lifts all boats” and that strong economic growth would not continue without lower taxes."
John F. Kennedy on the Economy and Taxes
The president decided that only a bold domestic program, including tax cuts, would restore his political momentum. Declaring that the absence of recession is not tantamount to economic growth, the president proposed in 1963 to cut income taxes from a range of 20-91% to 14-65% He also proposed a...
Consequently then when Democrat president takes over the economy is growing from the GOP's efforts.
The below facts then show that in almost all cases Democrats take credit for increased employment BECAUSE employers know their taxes will be reduced so they higher more people! Hence the Democrat administration LIKE Biden falsely takes credit!
Bottom line is what Kennedy said: a rising tide lifts all boats
The phrase is commonly attributed to John F. Kennedy, who used it in a 1963 speech A rising tide lifts all boats - Wikipedia.
