Democrats: The Party of Responsible Economics
The GOP has long held that it is the party that best handles the economy, and many American still believe that. It is, of course, completely false. The fact is, Democrats have a far better record.
The Clinton boom was longer and more prosperous than the Reagan boom, but try getting a Republican to admit that. And Clinton erased the deficit during his boom, while Reagan outrageously inflated the deficit during his–but again, don’t try to convince a Republican. A Republican will tell you that the Reagan deficit was the fault of Democrats in Congress, no matter how much you try to point out that 7 of Reagan’s 8 budgets asked for more money than the Democratic Congress finally voted into effect. A Republican will tell you that the elimination of the deficit under Clinton was really the work of the Republican Congress, despite the fact that the budget bill that got the deficit work done was passed without a single Republican vote.
Never mind that the GOP is wrong on all kinds of reasonable progressive issues, like minimum wage; every time the Democrats try to raise that rate to anywhere near a reasonable level, Republicans wail about how it will put small businesses out of business–and it never does. Minimum wage hikes are followed by a good economy as often as they are by a bad one, and usually are followed by a net increase in jobs.
Democrats believe in the same brand of economics that Henry Ford did when he decided to pay his workers well enough so that they could afford to buy his cars. Pay the people good, decent wages and they’ll buy things, thus generating a good economy. Republicans believe in the elitist trickle-down theory, which essentially says that if you give enough money to people who are already rich, enough is bound to trickle down to poor people, like scraps falling from an overloaded table, who will then use those scraps to buy more goods. Republicans see investments by wealthy people as strong for our economy, despite the fact that these wealthy people see more profit in investing that money overseas, paying people there a fraction of what Americans need to get by. It may be good for businesses, but that brand of business is bad for Americans.
And Democrats are good for jobs, too. Just refer to the chart at right (from American Assembler) which shows the net job increases of all presidents for the past 80 years, since Coolidge. What a surprise that job increases have always been better under Democrats and worse under Republicans–that the worst performance by a Democrat is better than the best performance by a Republican.
You want a better job, better pay, better benefits and a sound economy overall?