BTRTN: The Other "Big Lie"...That Republicans Are Better Stewards of the Economy than Democrats

[reggieandlee]

Born To Run The Numbers looks at historical and recent data to shatter the myth that Republican presidents are better at managing the economy than Democrats:

http://www.borntorunthenumbers.com/2024/04/btrtn-other-big-liethat-republicans-are.html

Excerpts: "There are three critical points to be made to Republicans who, absent fact and data, mindlessly parrot ignorant claims that Republicans have historically outperformed Democrats on economic measures.
1. Over the past 100 years, the stock market has performed better under Democrats than Republicans. Not by a little… by a huge margin. The strongest stock market performance by a two-term president was a Democrat. So was the second strongest stock market performance by a two-term president. The worst? That was a Republican.
2. Today’s 'Republican' is an isolationist, deficit-spending, reality-challenged, anti-government anarchist who worries about the 'gazpacho police.' Today’s MAGA Republican has absolutely no idea of what is meant by traditional 'Republican economic theory.'
3.Here’s the piece that academic economists seem to completely miss: the one sure way that a president can most directly and profoundly influence the economy is by making stupid policy decisions. The two most recent Republican presidents severely damaged the economy – not by making bad specifically economic decisions -- but making stupid policy decisions. All the theory in the world is meaningless if your policy decisions crater the economy..."
"Since 1992, two Democrats each presided over eight years of booming economic growth and left office with unquestionable statistical proof that the nation was better off than it had been went they took office. All you Republicans who vote solely based on your portfolios? In Bill Clinton’s eight years in office, the Dow Jones Industrial Average increased by 227%. In Barack Obama’s eight years, the Dow increased by 138%. ..George W. Bush ended his two terms in office leaving the nation in its worst economic collapse since the Great Depression. At the end of Dubya's eight-year term, the DJIA actually was down 25%."

[Irish_Dem]

1. The GOP is better at making the economy good for the rich.

Not so much for the average person.

[Yo_Mama_Been_Loggin]

2. The economy for the billionaires

Everyone else can go fuck themselves as far as the GOP is concerned.