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lees1975

(5,339 posts)
Mon Sep 30, 2024, 05:56 PM Monday

Democrats are always better for the economy and now is no different than the past

https://signalpress.blogspot.com/2024/09/democrats-are-always-better-for-economy.html

The stock market has reached record territory. Economic policy of the current administration has led to the quickest, and deepest recovery from the inflation that affected the global economy, and has managed it well, with interest rates and a careful balance of spending which has kept a recession completely out of the conversation. In spite of the fact that we went through the inflation experience, and did see a rise in fuel prices, we also experienced wage growth, once we went through the COVID fluctuations, that topped out at 6.9% and has managed to stay relatively high, compared to the Trump administrations figures on the same economic measure.

And we've had steady, GNP growth at 3% or higher. Sustained.

And of course, we have had the longest period of sustained job growth and low unemployment in literally decades. The last three Democrats in the White House have combined for the creation of 51.3 million jobs, while Republicans in the White House since then have accounted for 1.3 million. Of course, Republicans have tried to convolute and twist those facts a thousand ways from Sunday, with no luck, because they are facts that can't be disputed. The last Republican in the White House accounted for the loss of 2.7 million jobs, another indisputable fact. And while there was a pandemic going on, mismanagement of it from the White House, inept and incompetent by the nicest of possible descriptions, was a major cause of the loss of jobs and the high unemployment inherited by the Biden administration.


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Democrats are always better for the economy and now is no different than the past (Original Post) lees1975 Monday OP
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