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economic justice

destroying yet another Republican myth

Welcome to the Economic Sweepstakes Quiz. The rules are simple. Guess which president since World War II did best on these eight generally accepted measures of good economic management. You can choose among five Republicans (Eisenhower, Nixon, Ford, Reagan, and poppa Bush) and five Democrats (Truman, Kennedy, Johnson, Carter, and Clinton).
Which president produced:

1. The highest growth in the gross domestic product?
2. The biggest increase in jobs?
3. The biggest increase in personal disposable income after taxes?
4. The highest growth in industrial production?
5. The biggest rise in hourly wages?
6. The lowest Misery Index (inflation plus unemployment)?
7. The lowest inflation?
8. The largest reduction in the federal budget deficit?


Done guessing? Okay, here are the answers: 1. Truman; 2. Carter; 3. Johnson; 4. Kennedy; 5. Johnson; 6. Truman; 7. Truman; 8. Clinton. A Democratic sweep.

If this isn't enough to destroy the myth that the economy has performed better under Republicans, consider that the stock market has historically fared better when a Democrat is in the White House. During the 20th century, The Dow Jones Industrial Average rose, on average, 7.3 percent per year under Republican presidents. Under Democrats, it rose 10.3 percent -- which means investors gained a whopping 41 percent more. And that figure is even higher if you factor in last year's nose-dive.

Mind you, I hate Democrats too - more on that later.
Both major parties could stand some serious myth-erasing.

homepage: homepage: http://www.isreview.org/

Shhhhh 19.Oct.2002 08:00

Kateshvara

we'd better keep this a secret.

Don't forget Social Security 19.Oct.2002 09:17

Bush Admirer

Q: Which party took Social Security from an independent fund and put it in the general fund so that Congress could spend it?
A: It was Lyndon Johnson and the Democratic-controlled House and Senate.

Q: Which party put a tax on Social Security?
A: The Democratic party.

Q: Which party increased the tax on Social Security?
A: The Democratic Party with Al Gore casting the deciding vote.

Q Which party decided to give money to immigrants?
A: That's right, immigrants moved into this country at 65 and got SSI Social
Security. The Democratic Party gave that to them although they never paid a
dime into it. Then, after doing all this, the Democrats turn around and
tell you the Republicans want to take your Social Security. And the worst
part about it is, you believe it! Pass it on please!

duh... 19.Oct.2002 09:58

this thing here

yeah, and which party created social security in the first place?

Roads, schools, hosptials, public health 19.Oct.2002 10:30

nofooling...

Which party brought us out of the depression and post-war regression and put millions of people to work building a social infrastructure so we could live in peace and productivity? THE DEMOCRATIC PARTY! Roads, schools, hospitals, public health clinics, education benefits, the GI Bill, all those things that would be considered SOCIALIST today. Which party helped to train thousands of nurses, doctors, engineers, teachers, social workers after WWII so that we could come out of the economic slump and tramua of war? And how many of you yahoo's use the roads, hospitals, schools, and health clinics AND educational financial aide and still complain that such programs are un-American?

Nostalgia won't help 19.Oct.2002 10:45

Ex-Dem

That's all great and all, but the dems have re-released themselves as Republicans Lite. Don't hold your breath waiting for Republicans-Lite to keep your jobs from being shipped overseas/eliminated let alone a repeat of "the biggest rise in hourly wages."

Neither are Worth My Time 20.Oct.2002 17:40

ranger

Both Dems and Republicans have squandered their time and have lost track of the people they are supposed to represent. The modern day Republicans are mostly responsible for trashing the school systems across the country. It is incredible that students must pay for everything, be educated in deteriorated buildings and eat crap in their cafeterias thanks to corporate fast food. The Republicans are also directly responsible, beginning with that fool Reagan, for the incidence of disease in meat products. This due to drastic cutbacks in Federal meat inspectors and public health protections, in general. I'm not bias against the Republicans, I save my ire for the Democrats for last. These spineless jellyfish have lost any semblance of what they used to represent. The scheming Bill Clinton along with Hillary blew it for Democrats who are trying to be associated with progressive causes. They smeared their party big time. That is not to say there are no Republicans or Democrats with integrity, there's a scant few. But neither party has the monopoly on sliminess. Both, in my opinion have been repugnant.

Too Damn Bad 21.Oct.2002 01:48

fuck them all

Its hilarious to listen to you "progressives" whine about the Democratic party. The Democrats have never been a 'progressive' party. The differences between Democrats and Republican have always been, for the most part, tactical in nature.

Whereas the Republican were more ruthless in cutting social spending, the Democrats have advocated a slower and more gradualist approach to the SAME goal.

And, no, supporting a pseudo-independent Third Party will not change anything either.

The problem with you progressives is that you believe in and support the American capitalist system and the ideas of private property and the market economy.

YOur so-called progressive politics is based upon working for band-aid reforms to the system, as well as a protectionist/nationalist allegiance to American capitalism in competition with other capitalisms around the world.