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WarGamer

(13,362 posts)
8. the NYT, as usual... relies on the work of others.
Tue Feb 2, 2021, 01:29 PM
Feb 2021

To be the smartest person in the room the next time this subject is broached, read this:

Blinder and Watson at Princeton published a paper in 2015 documenting the very real phenomenon.

https://www.aeaweb.org/articles?id=10.1257/aer.20140913

I recommend dl the .pdf, it's the final authority on the topic.

Abstract

The US economy has performed better when the president of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance. For many measures, including real GDP growth (our focus), the performance gap is large and significant. This paper asks why. The answer is not found in technical time series matters nor in systematically more expansionary monetary or fiscal policy under Democrats. Rather, it appears that the Democratic edge stems mainly from more benign oil shocks, superior total factor productivity (TFP) performance, a more favorable international environment, and perhaps more optimistic consumer expectations about the near-term future. (JEL D72, E23, E32, E65, N12, N42)

Part of the reason is no Trickle-Down Economics. no_hypocrisy Feb 2021 #1
This, for the explanation. nt Buckeye_Democrat Feb 2021 #3
Yes. Just this morning my daughter was complaining about her Trumpy economy teacher Buckeyeblue Feb 2021 #5
This Tommymac Feb 2021 #7
Yes, and the GOP has been LYING about better economies... Buckeye_Democrat Feb 2021 #2
what too many people miss.. stevesinpa Feb 2021 #13
"Better" means different things to people... Harker Feb 2021 #4
But are Republican policies actually better for the rich? Relative to working class people, maybe, tclambert Feb 2021 #15
I appreciate your pizza math... Harker Feb 2021 #20
We don't do trickle down! Wawannabe Feb 2021 #6
the NYT, as usual... relies on the work of others. WarGamer Feb 2021 #8
I'll give one: Overall, liberals BELIEVE in government of, by and for the people Hortensis Feb 2021 #9
There's an old saying that every Republican knows, but never says out loud DFW Feb 2021 #10
We also invest in potential--the potential for something creative and small to grow Mike 03 Feb 2021 #11
"Over the last four decades... Republicans have run up larger deficits than Democrats" malthaussen Feb 2021 #12
This has been true for such a long time....WHY CAN'T DEMOCRATS PUBLICIZE THIS BETTER? LiberalLovinLug Feb 2021 #14
+1. . . . nt Bernardo de La Paz Feb 2021 #18
No, its not the news networks fault. We need to have a discussion on progressive messaging ... uponit7771 Feb 2021 #21
The GOP has been the one bit whore of big business since 1870. Dawson Leery Feb 2021 #16
TBF, you just left out the whole Progressive Teddy Roosevelt Era. Deffo NOT a big business Celerity Feb 2021 #19
Not difficult: Ds invest in people. Rs invest in trickle down. People work, trickles don't Bernardo de La Paz Feb 2021 #17
Democrats consult bona fide experts about the economy and what should be done to improve it. Vinca Feb 2021 #22
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