Oh, This Is Awesome.
Sep. 27th, 2008 09:34 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
sharplittleteethScott Westerfeld, author of YA novels like Midnighters and Peeps, has posted an clear, simple article comparing the economic performance of Republicans versus Democrats.
DO THE MATH by Scott Westerfeld.
The results?
On average, the economy grows twice as much under Democrats than under Republicans. During Republican presidential terms, the average borrowing is 2.36% of the whole economy, compared to 0.21% during Democratic presidencies. (Republicans love to cut taxes -- they just borrow more to make up the difference.)
And how's this: The Wall Street Crash of '29? The Savings and Loans crisis? The current Sub-Prime Mortage meltdown? All under a Republican president.
DO THE MATH by Scott Westerfeld.
The results?
On average, the economy grows twice as much under Democrats than under Republicans. During Republican presidential terms, the average borrowing is 2.36% of the whole economy, compared to 0.21% during Democratic presidencies. (Republicans love to cut taxes -- they just borrow more to make up the difference.)
And how's this: The Wall Street Crash of '29? The Savings and Loans crisis? The current Sub-Prime Mortage meltdown? All under a Republican president.
Here's the general rule: When the R's control the Presidency and at least one house of Congress for six years or more, the economy self-destructs.
Why? Because they love deregulation. Which is R-speak for letting bankers gamble with your money, until they lose it all and have to be bailed out.
