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Adjutant
 
Posts: 3396
Joined: 17 May 2013, 3:32 pm

Post 02 Feb 2021, 7:47 pm

https://www.nytimes.com/2021/02/02/opin ... ZaORgAlVh0

Why? The article doesnt provide a clear answer. But I think the answer primarily is that Democratic presidents drive the economy from the bottom-up...while Republicans drive it from the top down ("trickle-down economics"). Republicans also wind up creating financial bubbles (1929 and 2007) due to lax regulatory policies and by shifting more money to the rich who then speculate with it. Democratic presidents are also more willing to invest in infrastructure, technology, etc that businesses cant do because the benefits are not directly rewarding to them.
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Statesman
 
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Joined: 15 Aug 2000, 8:59 am

Post 03 Feb 2021, 2:05 pm

I think you should qualify that as "republican Presidents after Eisenhower".
Eisenhowers' policies were fairly progressive and included massive infrastructure spending and policies like the GI BIll that moved many from working to middle class..

https://www.csmonitor.com/USA/Politics/ ... ie-Sanders
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Adjutant
 
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Joined: 17 May 2013, 3:32 pm

Post 04 Feb 2021, 12:15 pm

I think the GI bill was passed in 1944. Eisenhower did not mess with that or try to lower the top 91 percent tax rate, however. And his highway bill was a great infrastructure boost to the economy long-term. But the Republican Party since 1980 is not the same party. The racists and the trickle-downers have taken over...