Republicans lose on the economy

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Topspin

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The unemployment rate stands at 4.7%, well below the 20-year average of 5.4%. Household net worth has risen nearly 8% in the past year to more than $57 trillion, boosting consumers' wealth and purchasing power.
As impressive as those gains are, the economy fared better under both Ronald Reagan in the 1980s and Bill Clinton in the 1990s. Consider:
The economy has grown 2.6% annually since Bush took office in 2001, but it grew 3.8% under Clinton and 3.2% under Reagan.
Real disposable per capita incomes have grown 1.7% annually under Bush, but 2.2% under Clinton and 2.5% under Reagan.
Nonfarm payrolls have increased 0.7% per year under Bush, but 2.5% under Clinton and 1.9% under Reagan.
Household net worth has grown 6.2% per year under Bush, but 8.9% under Clinton and 9.4% under Reagan.
The top Republican candidates are running on Bush's economic record for the most part. So far in the Republican debates, the only economic issue they've emphasized has been taxes.
Almost all of the Republicans want to maintain and extend the tax cuts enacted in 2001 and 2003, and then cut taxes some more. The only debate within the GOP is over which candidate is the most sincere about cutting taxes. :clink:
 
Profits for S&P 500 companies fell almost 25% on a per-share basis in the third quarter, the biggest year-over-year decline in almost five years, the article noted.
The problem with being a finance-based economy and no longer a manufacturing economy, however, is that we really need those finance-engines to run smoothly in order to generate solid economic growth.
So far we have a housing recession, an earnings recession, and auto recession. It will not be long before adjectives are no longer needed in front of recession.
 
The top Republican candidates are running on Bush's economic record for the most part. So far in the Republican debates, the only economic issue they've emphasized has been taxes.

Almost all of the Republicans want to maintain and extend the tax cuts enacted in 2001 and 2003, and then cut taxes some more. The only debate within the GOP is over which candidate is the most sincere about cutting taxes.


So they're running on Bushonomics, and everyone who votes GOP is voting for more bushonomics. The policy that the US Comptroller General is on record saying is unsustainable and leading to deep and profound structural problems for our country.


But the thing about tax cuts, is, for the GOP base, simply mentioning the words "tax cuts" elicits a pavlovian response, from deep within republican DNA. It elicits drunken whoops, cheers and hollers from a GOP crowd, not unlike yelling "Freebird" used to do at a Lynyrd Skynard concert.
 
tax cuts are liked by democrats as well.
Obama is pimping his tax cut to the middle class nicely
 
the Difference is Obama is going to give it to all of us making under $200,000.
The republicans convulsing over cuts are the business owners making well over that.
 
That is the single biggest thing i like about him.

#1) IM a financial conservative. I saved 25% of my salary since I was 22years old. I am paying my 2600SF Boston area home off in 15 years (9 left). I drive a $200 a month car. I work my ass off.

#2) Republicans economic policy used to be reduction of government and reduction of taxes. Now its Expansion of government and reduction of taxes.. This does not work.

#3) Obama has decided rightly so that up to 200K and its still a challenge in some areas of the country. He has said he will protect this group. Wont raise taxes. At the same time he will solve Social security and get us closer to balanced budget.

If hes lying about wins election goes back on his words and my taxes go up then I will hope for him to step in front of a bus and will likely never vote democrat again.
 
that's a different point.
If you want my opinion.
End the war tomorrow and cut the military 60% make it just for defense.
Spend 3x as much on college education and votech and the economy will boom like you've never seen. Ohh and I'd nationalize healthcare too. Class dissmissed
 
I still firmly believe in macro economics. The 1993 tax cut stimulation of the tech boom routine the dems always talk about is utter nonsense to 95% of anyone thats taken more then economics 101. Its a very convenient argument to make after the fact and part of my despise of the Hillary faction of the dem party who love to play Monday morning QB spin with things like this.
 
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