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When will you all learn... It does not matter if it is a Democrat or a Republican. The more you mess with the free market, the worse off you will be in the long run.
They really never have. GW Bush brought on the worst recession we have ever had. The Great Depression was brought on by the failed policies of Herbert Hoover.
The Great Depression would have happened even had the Democrat won that election. There was vast over-production in the 1920s and a stock market bubble. Perhaps it wouldn't have been as bad had Hoover not compounded the problem with a tariff war, currency deflation, and government work projects.
Quote:
Originally Posted by sheena12
These are the two greatest American modern economic disasters - and both were preceded by Republican presidents. Trickle down economics never work. A healthy middle and working class does.
You do realize that Obama has done more trickle down economics than any president in US History?
Every single Fed pick that Obama has made has been to a QE Trickle Down supporter.
Looking back over the past century, every time a Republican has been in office, the economy hasn't done very well, or it has done well for some while many people are left forgotten by the economic prosperity. Republicans also have a history of presiding over "bubble" economies such as the 1920s or the 2000s real estate bubble, leading to spectacular economic collapses. The one exception is Eisenhower, but the post WWII boom would have likely happened regardless of who was President.
I'm mixed on Reagan. His economy was certainly an improvement over Nixon/Ford/Carter, but a lot of people struggled through the '80s and it wasn't until the '90s that real prosperity returned for a majority of Americans.
So for those who think the GOP is the jobs party, when have Republican policies actually worked for the economy?
Pretty funny.
Economies that do well under Republicans are "bubbles"; economies that do well under Democrats are "real".
2. G. Bush 41 and 43: You can't say that G.H.W Bush was bad, and then say Clinton was great. Regarding "Dubya"... he had the big 9-11 crisis. And, somehow our economy recovered. Not to mention, he also had Katrina in 2005. So, unless you are just a flaming liberal then you must admit this.
As for the 2008 collapse; Do you think it a coincidence that the dems won control of congress in 2006? Do they get no blame? And, keep in mind that the GOP ruled congress during Clinton's "economic boom".
The first Bush recession was a result of the tech bubble and was so mild many disputed on whether or not it actually was a recession. People felt it in tech, but it didn't spread to the rest of the economy.
Quote:
Originally Posted by Quick Enough
The Bush economy was doing DAMN WELL UNTIL the dems took over in 2007
" [color=black][font=Verdana]Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
The economic growth under Bush was solely based on the real estate bubble and people flipping houses. As soon as the real-estate market came crashing down, the entire system did because that's all that was propping it up. Top-down economics never works long-term. It always results in bubbles and excesses at the top end which after a few years brings down the entire system. The only way to build an economy is with a strong middle class.
In my lifetime, Republican Presidents have always been associated with economic collapse/recession. Democrats have always spent at least half their first term cleaning up the mess left over from the GOP supply side economics disasters
In my lifetime, Republican Presidents have always been associated with economic collapse/recession. Democrats have always spent at least half their first term cleaning up the mess left over from the GOP supply side economics disasters
The first Bush recession was a result of the tech bubble and was so mild many disputed on whether or not it actually was a recession. People felt it in tech, but it didn't spread to the rest of the economy.
The economic growth under Bush was solely based on the real estate bubble and people flipping houses. As soon as the real-estate market came crashing down, the entire system did because that's all that was propping it up. Top-down economics never works long-term. It always results in bubbles and excesses at the top end which after a few years brings down the entire system. The only way to build an economy is with a strong middle class.
" The only way to build an economy is with a strong middle class."
I suggest you go back and read how he middle class did under W. Bush.
"The economic growth under Bush was solely based on the real estate bubble and people flipping houses."
I, and many others disagree. His TAX CUTS played a major reason for the prosperity we had.
The first Bush recession was a result of the tech bubble and was so mild many disputed on whether or not it actually was a recession. People felt it in tech, but it didn't spread to the rest of the economy.
The economic growth under Bush was solely based on the real estate bubble and people flipping houses. As soon as the real-estate market came crashing down, the entire system did because that's all that was propping it up. Top-down economics never works long-term. It always results in bubbles and excesses at the top end which after a few years brings down the entire system. The only way to build an economy is with a strong middle class.
Everyone was in favor of the booming real estate market. Clinton loved it. The problem is that greedy banks and real estate flippers took it too far. And what did Obama do? He bailed out the greedy banks! There are banks that are still holding those foreclosed properties. Nobody is holding them accountable.
Looking back over the past century, every time a Republican has been in office, the economy hasn't done very well, or it has done well for some while many people are left forgotten by the economic prosperity. Republicans also have a history of presiding over "bubble" economies such as the 1920s or the 2000s real estate bubble, leading to spectacular economic collapses. The one exception is Eisenhower, but the post WWII boom would have likely happened regardless of who was President.
I'm mixed on Reagan. His economy was certainly an improvement over Nixon/Ford/Carter, but a lot of people struggled through the '80s and it wasn't until the '90s that real prosperity returned for a majority of Americans.
So for those who think the GOP is the jobs party, when have Republican policies actually worked for the economy?
Looking back over the past century, every time a Republican has been in office, the economy hasn't done very well, or it has done well for some while many people are left forgotten by the economic prosperity. Republicans also have a history of presiding over "bubble" economies such as the 1920s or the 2000s real estate bubble, leading to spectacular economic collapses. The one exception is Eisenhower, but the post WWII boom would have likely happened regardless of who was President.
I'm mixed on Reagan. His economy was certainly an improvement over Nixon/Ford/Carter, but a lot of people struggled through the '80s and it wasn't until the '90s that real prosperity returned for a majority of Americans.
So for those who think the GOP is the jobs party, when have Republican policies actually worked for the economy?
Republicans and the rest of us suffer Democrats who create debacles that run beyond current administrations.
Carters mess went clear through Bush 1.
Housing crash was the Democrat plan to give loans to anybody including the jobless.
Democrats are about personal wealth confiscation into a giant overblown government.
Non Democrats are about letting people keep more of their money and reducing the giant government.
Those for Democrats are connected to the big government with their overpaid government job or entitlements. Crazy thing is nothing comes from government, they only consume. Private sector is everything to our nation.
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