Democrats historically better at managing the
US Economy than Republicans

 


Republicans campaign on and seem to convince voters that they are more responsible when it comes to managing our tax dollars. Are they right?

 

NO !

 

Historically Democrats are better, actually spend less, create more jobs and reduce deficits. While the Democrats are putting their money where their mouth is Republicans are just using their mouths to lie to you about themselves and their economic records...which are BAD!

Reagan's Budget Director: GOP Policies "Have Crippled Our Economy" ~The Nation


zfacts-deficit

GOP's plans already in action causing even more economic collapse. ~HuffPost
Ireland has been doing exactly what the Republicans urge, with a two year headstart. What are the results? Last week, a study by the International Monetary Fund -- nobody's idea of a left-wing pressure group -- found that country's economic collapse now "exceeds that being faced by any other advanced economy, and matches episodes of the most severe economic distress [anywhere] in post-World War Two history."

 

Here are a few resources to back this claim. I check multiple resources which use actual verifiable data to back up their results.

 

eRiposte Economy

Compare...
look at %increase in debt D vs R, History shows reductions under Democrats, Increases under Republicans since Nixon

 

 

Here are deficite percentage since Nixon.

 

Nixon/Ford (R)
1969 .272%
1970 4.45
1971 12.4
1972 11.4
1973 6.26
1974 2.97
1975 16.7
1976 19.0

Carter (D)
1977 12.2
1978 12.0
1979 7.68
1980 12.3

 

Increase 1/10 of 1%

Reagan (R)
1981 10.9
1982 16.1
1983 25.7
1984 21.7
1985 23.4
1986 24.0
1987 16.9
1988 18.2
Bush I (R)
1989 17.9
1990 22.2
1991 24.3
1992 24.6
Clinton (D)
1993 21.3
1994 17.6
1995 14.9
1996 11.1
1997 6.45
1998 1.82
1999 (0.11% surplus!)
2000 (4.84% surplus!)
Bush II (R)
2001 1.77
2002 17.1
2003 24.8

 

nat-debt-graph

National Debt Graph
Click for larger

National Debt as % of Gross Domestic Product since Truman (WW II) Note that Obama's numbers are the inherited debt from Bush-2 and not debt created under his administration. Those numbers are not available until the end of his first term.

Also note. Each budget is written for the following year. The budget Obama had for his first year was signed into law by Bush, in 2008. No president gets to have his own budget until his second year in office. Obama stopped the financial bleeding while still saddled with Bush's budget.



national-debt-GDP-L


 
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