Republicans for generations have claimed they are the “better” political party for the American economy, than are the opposition Democrats!
This is a bald faced lie, but gullible people keep on “drinking the KoolAid”!
The Republican party continues to call for the demise of Social Security (passed under Franklin D. Roosevelt); Medicare and Medicaid (passed under Lyndon B. Johnson); and in the past 12 years for repealing the Affordable Care Act (ObamaCare).
Right wingers condemn the Affordable Care Act because it was an African American president who promoted this expansion of health care that was first promoted as a basic right by Republican President Theodore Roosevelt as the Bull Moose Progressive Party nominee for President in 1912.
It took a generation for the cousin of TR to move toward social justice; and 50 years for Johnson to promote the health care initiatives of Harry Truman; and another nearly 50 years for Barack Obama to go beyond Medicare and Medicaid. Note that all of the Presidents engaged in this quest, except for Theodore Roosevelt, were Democrats.
But beyond that, all of the economic downturns since 1953 took place under Republican Presidents, with the exception of the brief recession under Democratic President Jimmy Carter in 1980, which led to his defeat for a second term. But there were three recessions under Dwight D. Eisenhower; one under Richard Nixon and one shared by Nixon and Gerald Ford; one under Ronald Reagan; one under George H. W. Bush; and two under George W. Bush. This list included the highest unemployment rate since the Great Depression under Reagan and the “Great Recession” under George W. Bush, which set back the economy for years. Additionally, the COVID 19 Pandemic led to an economic crisis under Donald Trump.
The latest economic report shows the lowest peacetime unemployment rate since World War II; the unemployment rate lowest since 1969 at 3.4 percent; a tremendous economic recovery since the COVID 19 Pandemic; 33.8 million jobs over the sixteen years of Bill Clinton and Barack Obama; 12.1 million jobs in two years of Joe Biden, an all time high; while only 1.9 million jobs under Republican Presidents George H. W. Bush, George W. Bush, and Donald Trump were created for 16 years; and with Donald Trump the first President since Herbert Hoover to have a net loss of jobs!
Also, Gross Domestic Product has been 3.4 percent under Joe Biden, as compared to 1 percent under Trump; and more jobs created under two years of Biden than any President in four years! And the uninsured rate on health care is down to 8 percent due to Medicare, Medicaid and the Affordable Care Act (ObamaCare) than it has ever been, and if Texas and Florida had agreed to expansion of Medicaid, it would be MUCH lower! Additionally, more businesses are being formed than ever before, and wage growth, while not keeping up with inflation, has been rapidly expanding.
Once the inflation struggle, affected by the Russia-Ukraine War and the machinations of oil nations, are dealt with, inflation, already coming down, will be mastered. But no President can alone prevent or provoke inflation!
So the Democrats can be proud of their accomplishments economically over the long haul, and it is time for the myth of Republican “prosperity” to be laid to rest as yet another myth that needs to be retired!
The Republican Party is there for the wealthy, the privileged, and the bigots who promote white supremacy, racism, nativism, and misogyny, and with the political corruption under Richard Nixon, Ronald Reagan, George W. Bush and Donald Trump being massive, while Democratic Presidents have NOT presided over corruption at a notable level, but rather mostly manufactured by Republican propagandists!
Republicans are “better” in promoting propaganda, while Democrats are far better in accomplishment of improving economic opportunity for the American people!
Professor Ron… you are an Educational Treasure!!
Thanks so much, Wayne! Much appreciated!