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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?
1. Reagan: Does he not get credit for the improvement? You make it sound like the economy was bad until Clinton came into office? Clinton didn't do anything different than Bush. Remember that it had been 12 years of improving conditions. Clinton just rode the wave.
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".
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?
The Bush economy was doing DAMN WELL UNTIL the dems took over in 2007
" 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
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s.
By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.
But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.â€
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?
We were young adults in the 60s and certainly the economy under Nixon was doing just fine. Property values went up, salaries were good and if you had a decent education or belonged to a union jobs were plentiful. Reagan, after he was in office long enough to clean up the Carter mess brought interest rates down and the economy overall was good. Not until the end of the Bush era did the unemployment rate start to go up, it got worse under Obama for several years, but regardless, let's always remember recessions have their hills and valleys, rarely can we blame all of it on a single administration.
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?
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.
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.
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.
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.
Bush, by himself, pretty much had little to nothing to do with the recession. The key components necessary to create that recession had been in place for at least 2 decades.
"Trickle down" economics is a term invented by the media. It's not an actual economic model that you would find in a standard economics textbook. But if you want to see real trickle down in action look no further than Democrat redistributionist policies. They take money from those who earn it and pass it down to those who don't... That's real trickle down. And what has it done for the economy? Apart from draining productive dollars out of it... Nothing. We've trickled down over 20 TRILLION dollars in the War on Poverty. And what do we have to show for it? ... About the same amount of poverty.
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