Just The Facts - Forbes Magazine says Want A Better Economy? History Says Vote Democrat!

[deborahkla.livejournal.com]

Read it and weep, right-wingers:

• Personal disposable income has grown nearly 6 times more under Democratic presidents
• Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents
• Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)
• Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)
• Republican presidents added 2.5 times more to the national debt than Democratic presidents
• The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez-faire administrations

- From the heavily-researched book Bulls, Bears and The Ballot Box, by Bob Deitrick and Lew Godlfarb. Mr. Goldfarb added:

• “Obama at this time would rank on par with Reagan
• Corporate profits have risen under Obama more than any other president
• The stock market has soared 14.72%/year under Obama, second only to Clinton — which should be a big deal since 2/3 of people (not just the upper class) have a 401K or similar investment vehicle dependent upon corporate profits and stock market performance”

As to the challenging Republican party’s platform, Mr. Goldfarb commented:

• “The platform is the inverse of what has actually worked to stimulate economic growth
• The recommended platform tax policy is bad for velocity, and will stagnate the economy
• Repealing the Affordable Care Act (Obamacare) will have a negative economic impact because it will force non-wealthy individuals to spend a higher percentage of income on health care rather than expansionary products and services
• Economic disaster happens in America when wealth is concentrated at the top, and we are at an all time high for wealth concentration.  There is nothing in the platform which addresses this issue.”

Source: http://www.forbes.com/sites/adamhartung/2012/10/10/want-a-better-economy-history-says-vote-democrat/

Comments

[fizzyland.livejournal.com]

The platform is the inverse of what has actually worked to stimulate economic growth

But will it help already-rich people get even more rich?

[deborahkla.livejournal.com]

Of course! And that's all that matters to the RomBot and his ilk.

[unnamed525.livejournal.com]

CLASS WARFARE!

[fizzyland.livejournal.com]

Someone has to think about the needs of those who can barely afford a second island.

[deborahkla.livejournal.com]

Huh? What in the heck does this have to do with the statement of the facts above? If anything, the "class warfare" is clearly on the part of the rich against the rest of us, since they continue to cling to supply-side economics despite all the evidence that it doesn't work.

[chron-job.livejournal.com]

Here, all Caps is typically a sign of intentional Irony.

[deborahkla.livejournal.com]

I've never been one to rely on some sort of "club code", as it were. If one has to use all caps to convey irony, then one is obviously lacking in wit. Take a lesson from fizzyland on how to effectively convey irony.