Here is some reality vs. perception..

[Guest guest]

" BUSH BUSTER " <bushbuster04

Tue, 26 Oct 2004 11:26:06 -0700 (PDT)

Subject:WHICH PARTY GIVES US A BETTER ECONOMY?

 

WHICH PARTY GIVES US A BETTER ECONOMY?

 

 

 

Republicans claim the economy. Democrats do not disagree. Instead they

accuse incumbent Republicans of mismanaging the economy. Democrats do

not seem to get it. They are not only masters of the economy but way

ahead of the Republicans.

 

 

1929 President Hoover R Depression Job losses

 

1958 President Eisenhower R Recession

 

1969 President Nixon R Recession*

 

1974 President Ford R Recession*

 

1980 President Carter D Recession*

 

1981 President Reagan R Recession*

 

1991 President G.H.Bush R Recession*

 

2001 President G.W.Bush R Recession** Job losses

 

(Since Hoover the list includes all Republican presidents)

 

 

 

*U.S.News Oct 9, 2000 p 12

 

**http://www.retrogrouch.net/MT/archives/000338.html

 

For those who spin this as Clinton's recession, it did not start till

March 2001. Indicators are up all the way to Oct 2000. After election

results business shifted to Republican mode and indicators flattened.

Bush took over and the slide started.

 

 

For the working class the entire Bush term resulted in a weak job

market: increased unemployment, uncertain job security, jobs hard to

find, oversupply of workers resulting in lower starting pays, reduced

benefits for all, few and small raises, demanding work conditions. All

these factors increased corporate profits. The Bush administration

promised it would lead to more employment. It did not. If the consumer

has less money why should corporations risk money expanding their

business? The profits were awarded as bonuses to the already rich

corporate officers.

 

 

Democrat policies favor the working class putting more money at their

disposal. This money is spent freely or fast out of necessity.

Businesses seek to sell to them, and expand their business increasing

employment. Both business and working people do well. This generates

more revenue for the Government, converting deficits into surpluses.

Remember Bush H ® deficits turned into Clinton (D) surpluses and

reversed back to Bush W ® deficits.

 

 

I found the article below. If anybody can attach sources to the

magnificent numbers, it would convince many who are undecided and many

of the Republican working class.

 

 

Please circulate.

 

 

" Andy Johnson " <downtobusinessandy

 

Date:

Mon, 20 Sep 2004 20:39:20 –0000

 

Subject:

 

 

[impeachGeorgeWBush] Who best handles economy, Dems or Repugs?

 

ECONOMY

Who's Better in the Driver's Seat?

Under Democratic presidents, the engine hums along

 

By Arthur I. Blaustein

 

BERKELEY — A businessman who voted for President Bush four years ago

and Bill Clinton in 1996 told me that John F. Kerry's social-program

goals " seem good, but I'm worried the Democrats can't manage the

economy as well [as Republicans], and they'll get into my wallet. "

Many voters agree, according to pollsters. But are Republicans better

economic managers than Democrats?...

 

Here's the Economic Sweepstakes Quiz. The rules are simple. Guess

which president since World War II did best on these eight most

generally accepted measures of good management of the nation's

economy…

 

1. The highest growth in the gross domestic product?

 

2. The highest growth in jobs?

 

3. The biggest increase in personal disposable income after taxes?

 

4. The highest growth in industrial production?

 

5. The highest growth in hourly wages?

 

6. The lowest misery index (inflation plus unemployment)?

 

7. The lowest inflation?

 

8. The largest reduction in the deficit?

 

The answers are:

 

1-Truman; 2-Clinton; 3-Johnson; 4-Kennedy; 5-Johnson; 6-Truman; 7-

Truman; 8-Clinton.

 

In other words, Democratic presidents trounced Republicans eight out

of eight.

 

If this isn't enough to destroy the perception that the economy has

performed better under Republicans, then let's include stock market

performance under Democrats. The Dow Jones Industrial Average during

the 20th century rose an average of 7.3% a year under Republican

presidents. Under Democrats, it jumped 10.3%, a whopping 41% gain for

investors. During George W. Bush's first three years as president,

the stock market declined 4%.

 

Moreover, since World War II, the national debt increased on average

by 3.7% a year under Democratic administrations, compared with 9.1%

when Republicans occupied the Oval Office. During the same period,

Democratic presidents oversaw on average an unemployment rate of

4.8%. For Republicans, it was 6.3%...