Get yours today - https://www.facebook.com/reel/1008212020498322
Get yours today - https://www.facebook.com/reel/1008212020498322
From 1948 through 2023, the party holding the presidency has changed hands ten times. Every time a Republican took over from a Democrat, GDP growth fell. Every time a Democrat took over from a Republican, GDP growth rose. GDP grew 4.1% on average under Democrats, versus 2.5% under Republicans, from 1945 through the second quarter of 2020, a difference of 1.6 percentage points.
Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.
For the 13 presidents beginning with Truman, total job creation was about 70.5 million for the 7 Democratic presidents and 29.1 million for the 6 Republican presidents. This monthly average rate was 2.4 times faster under Democratic presidents.
The only presidents to actually lose jobs during their administrations were Hoover (Republican) and Trump (Republican).
From 1945 to 2020, corporate earnings per share, a key measure of corporate profitability, grew 12.8% on average under Democratic presidents, versus 1.8% for Republicans.
The Republican South has the highest incidence of maternal mortality, spousal abuse, and bad credit.
And moving outside the USA...The top five happiest countries with the most satisfied citizens are the very liberal (by US standards) Finland, Denmark, Sweden, Norway, and Iceland.
Herbert Hoover was President during the Great Depression and Trump during Covid. Yeah, those events didn't have anything to do with losing jobs. (Sarcasm for those that can't figure it out). I'm not going to go do all the research, but I love how you cherry pick things to make the Republicans look bad.....like they need help. For the record, I'm a Democrat on paper, but really hate the party system overall.
Does Wikipedia know you copy and pasted from them, Mister Picture? Most people cite the source of the information they don't research for themselves. Or at least they are expected to. Bad form, sir, bad form.
Originally posted by: Edso
Herbert Hoover was President during the Great Depression and Trump during Covid. Yeah, those events didn't have anything to do with losing jobs. (Sarcasm for those that can't figure it out). I'm not going to go do all the research, but I love how you cherry pick things to make the Republicans look bad.....like they need help. For the record, I'm a Democrat on paper, but really hate the party system overall.
Actually, since the Great Depression is considered to have endured from 1929 to 1939, the majority of that event was under the FDR administration---a Democrat. Ditto the Covid era--longer under Biden than Trump.
The ideology/orthodoxy is that jobs are created in one of two ways--rolling out the red carpet for corporations and industry: low taxes, minimal regulation, etc. (the Republican way), or making the common man's life better (health care, education, more livable cities, etc. (the Democratic way). These two approaches are so fundamentally different that they actually conflict with each other.
So you can look at job creation and growth OVERALL during the last century or so and find that it has consistently been much stronger under Democratic administrations. That's simply because when the government is run as if its primary objective is to maximize shareholder value (Republican), job growth is stifled because wealth is concentrated in the hands of a few and income inequality is maximized. Likewise, there are more jobs created when the ordinary citizens' lives are better, because markets are stronger and wealth creation is more robust.
That's why the RepubliQ "party of fiscal responsibility" is such a joke. Their orthodoxy hurts economic growth. And of course, their recent turn to the wackadoodle--virtue signaling, culture wars, fantastic racism and sexiam--just makes them an even worse choice for the economy.
Originally posted by: Edso
Does Wikipedia know you copy and pasted from them, Mister Picture? Most people cite the source of the information they don't research for themselves. Or at least they are expected to. Bad form, sir, bad form.
I doubt that anyone KNOWS the relevant info off the top of their heads, so of course MP got it from a source, and I don't really care what source as long as the info is correct. And it is.
The important takeaway is that Republican rule is worse for the economy than Democratic rule, which completely blows up the primary Republican message for the last century of why we should vote for them and put up with their evil, stupid shit.
Originally posted by: MisterPicture
From 1948 through 2023, the party holding the presidency has changed hands ten times. Every time a Republican took over from a Democrat, GDP growth fell. Every time a Democrat took over from a Republican, GDP growth rose. GDP grew 4.1% on average under Democrats, versus 2.5% under Republicans, from 1945 through the second quarter of 2020, a difference of 1.6 percentage points.
Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.
For the 13 presidents beginning with Truman, total job creation was about 70.5 million for the 7 Democratic presidents and 29.1 million for the 6 Republican presidents. This monthly average rate was 2.4 times faster under Democratic presidents.
The only presidents to actually lose jobs during their administrations were Hoover (Republican) and Trump (Republican).
From 1945 to 2020, corporate earnings per share, a key measure of corporate profitability, grew 12.8% on average under Democratic presidents, versus 1.8% for Republicans.
The Republican South has the highest incidence of maternal mortality, spousal abuse, and bad credit.
And moving outside the USA...The top five happiest countries with the most satisfied citizens are the very liberal (by US standards) Finland, Denmark, Sweden, Norway, and Iceland.
Each time the Republicans took over the GDP fell because of atrocious DemocRatic policies were in place that set up the decline in the GDP and the Republicans had to deal with the in place DemocRat policies while REVERSING what the DemocRats had done. When the DemocRats took over, Republicans had put into place policies that caused the GDP to grow - and this cycle has persisted. The DemocRats ruined the economy - as we see now - and the Republicans fix the DemocRat policies that ruined the economy. The DemocRats have benefited from Republican policies each time they took over - then the DemocRats set in place policies that ruined the ruined the economy and job creation, causing the cycle to continue.
Originally posted by: David Miller
Each time the Republicans took over the GDP fell because of atrocious DemocRatic policies were in place that set up the decline in the GDP and the Republicans had to deal with the in place DemocRat policies while REVERSING what the DemocRats had done. When the DemocRats took over, Republicans had put into place policies that caused the GDP to grow - and this cycle has persisted. The DemocRats ruined the economy - as we see now - and the Republicans fix the DemocRat policies that ruined the economy. The DemocRats have benefited from Republican policies each time they took over - then the DemocRats set in place policies that ruined the ruined the economy and job creation, causing the cycle to continue.
This ignores the fact that this is what happened during the Obama administration--one year of post-Republican shrinkage followed by seven straight years of strong Democratic growth.