Racmanaz wrote:
Yup, however the Republicans do have a better policy when it comes to the economy than do the democrats, they just don't seem to have the stomach to apply those policies.
No. Republican policies are dreadful for the economy. They are largely based on supply-side economic --- which has failed miserably every time it's been tried. But it does have one "redeeming" value --- it makes a lot of rich people even richer, so, of course, Republicans are all for it.
SO, let's review the last 34 years:
1988-1992 Bush-41 - Continued Reagan's Supply-side economics. Caused a recession.
1993-2000 Clinton. - Fixed the economy. Longest peace-time economic expansion. Was able to ride out the dotcom bubble without a recession.
2001-2008 Bush-43 - Screwed up Clinton's roaring economy. Brought back supply-side economic. Caused the Great Recession.
2009-2016 Obama - Fixed the economy. Longest peace-time economic expansion (passing Clinton's).
2017-2020 Trump - Screwed up Obama's roaring economy. Brought back supply-side economic. Caused a recession.
2021 - Biden - Fixed the economy. (He still has time to do more)
Now, I said "40 years" and that was only 34, but Reagan is a special case, so we have to deal with him separately.
You may recall back in the 70s, we had the Nuclear Family where the husband worked, and the mother stayed home with the kids. But, by the 90s, to make ends meet, BOTH parents had to work. So, what happened between the 70s & the 90s?? Reaganomics! The single most destructive force in American history. (But it made a lot of rich people even richer, so the GOP loved it!) Economists have described Reaganomics as "a textbook example of how to cause a recession", and sure enough, it caused a recession. Most of the recession hit in Bush's term, but we still had Black Monday right in Reagan's year --- when the DJIA dropped 25% in one day (the equivalent of it dropped 8000pt today). Like Trump, Reagan liked happy headlines today more than planning for the future. When all his economists told him the economy was overheated and was headed for a recession, he just egged it on more. The GOP has been trying to repeat the Reagan model (An actor who could make you believe anything) ever since. And they thought they found their guy in Trump -- a person who made a career convincing people he knew something about business)