Quote:
Originally Posted by jojajn
I know that it took a Democratic president (FDR) to end the depression that developed under the watch of the GOP.
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Wrong again!
You are nothing if not consistent.
FDR's economic reforms NEVER worked.
The New Deal big government make-work Keynesian theoretical garbage economics made a bad recession into a depression that caused double-digit unemployment to last until after the draft was reinstated in 1940 and we entered WWII.
The draft, and the war that followed, removed enough healthy young men from the workforce to finally lower the unemployment rate to pre-depression levels in 1942.
By the time the war was over, enough healthy young men in Europe, Asia and elsewhere had been permanently removed from the workforce along with the factories where they may have worked that US exports remained the envy of the world for several decades after the war ended.
In fact, I would say WWII was FDR's only truly successful job program.
“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong…somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises…I say after eight years of this administration we have just as much unemployment as when we started…And an enormous debt to boot!â€
~ Henry Morgenthau
As for Republicans being in control, when Republicans control both houses of Congress, running deficits decline significantly or the annual federal budget is in balance.
The job market also improves during these periods of Republican control as unemployment decreases or the nation is at full employment.
On the four occasions since 1946 when Republicans controlled both houses, their record is consistent and the party of the president, at least as these two areas of economic performance are concerned, appears to be irrelevant.
108th-109th Congress......Bush Jr.(R) Unemployment 6.0% to 4.6%, Deficit $377 Bn 2003, Deficit $248 Bn 2006
104th-106th Congress......Clinton (D) Unemployment 5.6% to 4.0%, Deficit $164 Bn 1995, Surplus $236 Bn 2000
80th Congress.................Truman (D) Unemployment 3.9% to 3.8%, Deficit $15.9 Bn 1946, Surplus $4 Bn 1947
So far, since Republicans gained control of both houses in the 2010 midterm, deficits, $1299 Bn in 2011, have decreased to $439 Bn in 2015.
Unemployment has declined from 9.2% in January 2011 to 4.6% in November of 2016.
Seems Republicans are as consistently right as you are consistently wrong.
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