Bush a $128 billion surplus (after 4 consecutive years of budget surpluses): Bush immediately squandered it with a massive tax cut for billionaires and two criminal wars. Republican presidents have exploded the national debt, while the only balanced budgets out of the past 60 years have been presented by Democratic presidents Carter, Clinton, and Obama.
Ten of the past 11 recessions began under Republican presidents, although lifelong Republican and Trump Fed appointee Jerome Powell seems hell-bent on producing one for Joe Biden, just in time for the 2024 election. For example, the economy has grown three times faster under Biden than under Trump. The economy during this time grew at an average rate of 4.6% under the Democratic presidents, but only an anemic 2.4% under Republican presidents. Republicans kill economies Democrats rescue and build themīetween 19 there were 14 American presidents, 7 Democratic and 7 Republican. It may have once been true when I was a very young child, but today it’s a lie - and has been so in a huge way since the neoliberal Reagan Revolution. This weekend, as I recall, it was CNN‘s turn.Īll my life, in fact, I’ve been told by the media that the GOP is the “party of business.”
“The chief business of the American people is business.”Īs predictably as the sun rises and sets, every Sunday sees a commentator or politician on one of the Sunday political talk shows say - without being challenged - words to the effect that the Republican Party understands and supports business better than Democrats.
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