Democrats V Republicans - Update
A recent survey revealed that more people have confidence in the Republicans to solve our economic problems than Democrats. The following information will beg the question....why?
The Democratic and Republican Parties are virtual opposites of each other. There might be other reasons for voting Republican, but all of the economic reasons favor voting for Democrats. Regarding economic performance, the two Parties aren’t even close.
Recessions and Depressions
2. Recession of 1953: Dwight D. Eisenhower (Republican)
3. Recession of 1957: Dwight D. Eisenhower (Republican)
4. Recession of 1960: Dwight D. Eisenhower (Republican)
5. The Oil Crisis: Richard Nixon (Republican)
6. 1980's Recession: Ronald Reagan (Republican)
7. 1990 Recession: George H.W. Bush (Republican)
8. 2002 Recession: George W. Bush (Republican)
9. The Second Great Depression: George W. Bush (Republican)
Balancing the Budget
President Clinton balanced the budget, giving the government a surplus. Not one single Republican in either house voted for the balanced budget. Only 5 (five) current Presidents have governed with a surplus. They were all Democrats!
THE DEBT, DEFICIT AND DEBT CEILING
Most government spending occurs automatically, without any action by the Congress or the President. Since fiscal year 1957, the amount of debt held by the federal government has increased each year. The ability to expand the economy has direct impact on the ability to bring about debt reduction.
Don’t Blame Obama for Bush’s 2009 Deficit by Republican Daniel J. Mitchell of the Conservative Cato Institute
Barack Obama has lowest spending record of any recent president
Any calculation that begins when President Obama took office or at the end of 2009 is just flat-out wrong. Here’s how it works...
The fiscal year is from October 1 through September 30th. So a President governs for his first 9 months under the budget of the preceding administration.
At the end of the Bush fiscal year, September 30, 2009, the deficit was $1,417,121.
President Obama’s first fiscal year, September 30, 2010, the deficit was $1,294,090. The deficit went down!
President Obama’s second fiscal year September 30, 2011, the deficit was $1,298,614.
President Obama’s third fiscal year September 30, 2012, the deficit was $1,089,353.
President Obama’s 4th fiscal year through March 31, 2013, the deficit was $600,484.
Steve Benen, Maddow Blog|
Trade Deficit Goes Down, Budget Deficit and Unemployment drop
Under Reagan the debt ceiling was raised 17 times in eight years
President Obama took office with a federal employee roster of 4,430,000 employees. At the end of 2010 President Obama’s federal workforce numbered 4,443,000; that’s 849,000 fewer employees than Reagan, the advocate of small government! Add to this the fact that President Reagan governed during peacetime, while President Obama inherited two wars.
Democrats held the White House for 28 years and created 58.7 million jobs. Republicans held the White House 36 years and created 38.3 jobs.
Six of the seven Republican Presidents had unemployment increase while in office.
Under Republican Presidents, unemployment increased in 7 of 9 terms.
Under Democratic Presidents, the unemployment rate NEVER increased.
Kennedy 1962-1965 average unemployment rate of 5.2%.
Nixon 1970-1977 average unemployment rate of 6.3%.
Bush 1990-1993 average unemployment rate of 6.7%.
Carter 1978-1981 average unemployment rate of 6.7%.
Reagan 1982-1989 average unemployment rate of 7.3%.
“....More than a dozen studies have been done comparing economic growth, unemployment, average length of unemployment, stock market performance, inflation, federal debt, and other economic indicators, during Democratic and Republican presidencies and congresses, and they all show stunningly better performance when Democrats are in power, than when Republicans are.”