deficits

The Performance of Our Economy


We all know that the Republican Party is no longer the Republican Party. It has become a mob dedicated to obstruction, hate mongering and voter suppression, all in pursuit of clinging to White supremacy and power just a little longer. Minority rule. Anti-democracy. Gone is the party promoting small government and low taxes, conservation of traditional norms and fidelity to the intentions of the Founders. No news there.

The Republican mantra chanted mechanically for decades has been that the evil Democrats were the tax-and-spend party, the socialism devils who will bring down our economy. Perhaps that’s a relic of conservative opposition to the New Deal nearly a century ago. They were against pretty much everything proposed by FDR and have never let go of that reflexive, unexamined opposition. You can check with Barack Obama for verification of that. He’s the president toward whom the Rs dedicated 100% of their effort to make him a one-term president, the needs of the people be damned. All opposition, all the time.

But were the Rs’ predictions of Democrat-driven job killing, economy destruction and a slide to socialism accurate? Do we suffer more economically when Ds have the reigns of power? Let’s check with the Office of Management and Budget and some other sources for data – you know: facts – to help us understand what has actually happened.

Here are four bar graphs comparing how we’ve done under both Republican and Democratic presidential administrations from when Truman took office in 1945 through Trump. See if you can spot a pattern.

Graphic courtesy of David Doney and Karl Faulstich of NWSOFA-Indivisible

Because these charts use data over such a significant span of time they pretty well neutralize the impact of spikes, like the high tech expansion of the 90s and the bust of 2008-9 and any of the tax rate adjustments.

We all get that pat political phrases are useful for bumper stickers and they’re great for frothing up true believers at political rallies, but sometimes they bear no resemblance to actual happenings on planet Earth. While saying that is not much of a revelation in our post-truth era (and that goes back way before Trump was lying and leading his cult of personality), what’s important is that those of us still within shouting distance of reality understand the empirical data: Democrats deliver a far better economy and all the goodies attendant to that, including jobs.

If you are a Republican and are choking on this information, please respond in the Comments section below about how Republicans are more fiscally responsible or more advantageous to the American people. For example, show us how George W. Bush started two wars and also reduced taxes twice, making it impossible to pay for his wars and how that was somehow good for us. Help us all understand how we’ve been duped by Democrats and why we should believe the Republicans’ bumper stickers.

That’s especially important to keep in mind now that Mitch McConnell has announced that he is “100 percent” focused on opposing all Biden initiatives, the needs of the people be damned. How’s that going to work for us and our economy?

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JA

 

 


Copyright 2021 by Jack Altschuler
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