I have some interesting data to share with you. It is from presidentialdata.com and shows the comparisons on GOP and Democrat presidents. Everything from GDP growth to unemployment. I challenge a republican to explain why, in wake of these numbers, they can possibly say they are are better for the economy.
http://www.presidentialdata.org/presidential_comparisons.htm
I have a feeling that republicans will be very quiet at this point. As usual, they have talking points, not facts.
Aggregate data from 1960 and 1980 to present (5-05)
1) Deficit (On Budget)
1961-present
Total Democratic Budget Deficits: $1283.8 billion
Total Republican Budget Deficits: $5487.4 billion
Democratic Presidents’ deficits averaged 1.77% of GDP
Republican Presidents’ deficits averaged 3.42% of GDP
1981-present
Total Democratic Budget Deficits: $1004.4 billion
Total Republican Budget Deficits: $5280.1 billion
Democratic Presidents’ deficits averaged 2.06% of GDP
Republican Presidents’ deficits averaged 4.09% of GDP
1a) Deficit (total)
Since World War II
Total Democratic Budget Deficits: $625.1 billion
Total Republican Budget Deficits: $4040.7 billion
Democratic Presidents’ deficits averaged 1.2% of GDP
Republican Presidents’ deficits averaged 2% of GDP
1961-present
Total Democratic Budget Deficits: $608.2 billion
Total Republican Budget Deficits: $4013.2 billion
Democratic Presidents’ deficits averaged 1.21% of GDP
Republican Presidents’ deficits averaged 2.37% of GDP
1981-present
Total Democratic Budget Deficits: $320.3 billion
Total Republican Budget Deficits: $3819.3 billion
Democratic Presidents’ deficits averaged 0.76% of GDP
Republican Presidents’ deficits averaged 2.67% of GDP
2) GDP Growth
Since World War II
Average GDP growth per year under Democratic Presidents: 4.05%
Average GDP growth per year under Republican Presidents: 2.88%
1961-present
Average GDP growth per year under Democratic Presidents: 4.09%
Average GDP growth per year under Republican Presidents: 2.81%
1981-present
Average GDP growth per year under Democratic Presidents: 3.7%
Average GDP growth per year under Republican Presidents: 2.81%
3) Business Investment Growth
Since World War II
Average growth per year under Democratic Presidents: 7.08%
Average growth per year under Republican Presidents: 2.94%
1961-present
Average growth per year under Democratic Presidents: 7.2%
Average growth per year under Republican Presidents: 2.95%
1981-present
Average growth per year under Democratic Presidents: 9.85%
Average growth per year under Republican Presidents: 2.29%
4) Unemployment
Since World War II
Average unemployment per year during Democratic Presidents: 5.03%
Average unemployment per year during Republican Presidents: 5.93%
1961-present
Average unemployment per year during Democratic Presidents: 5.33%
Average unemployment per year during Republican Presidents: 6.24%
1981-present
Average unemployment per year during Democratic Presidents: 5.20%
Average unemployment per year during Republican Presidents: 6.41%
5) Growth in Jobs
Since World War II
Average yearly growth in jobs under Democratic Presidents: 2,082,000
Average yearly growth in jobs under Republican Presidents: 1,167,000
Average yearly percent growth in jobs under Democratic Presidents: 2.67%
Average yearly percent growth in jobs under Republican Presidents: 1.36%
1961-present
Average yearly growth in jobs under Democratic Presidents: 2,391,000
Average yearly growth in jobs under Republican Presidents: 1,307,000
Average yearly percent growth in jobs under Democratic Presidents: 2.69%
Average yearly percent growth in jobs under Republican Presidents: 1.39%
1981-present
Average yearly growth in jobs under Democratic Presidents: 2,884,000
Average yearly growth in jobs under Republican Presidents: 1,253,000
Average yearly percent growth in jobs under Democratic Presidents: 2.37%
Average yearly percent growth in jobs under Republican Presidents: 1.17%
6) Growth in Pay
Since World War II
Average yearly growth in weekly earnings under Democratic Presidents: 0.83%
Average yearly growth in weekly earnings under Republican Presidents: 0.408%
1961-present
Average yearly growth in weekly earnings under Democratic Presidents: 0.48%
Average yearly growth in weekly earnings under Republican Presidents: -0.30%
1981-present
Average yearly growth in weekly earnings under Democratic Presidents: 0.84%
Average yearly growth in weekly earnings under Republican Presidents: -0.34%
Thursday, February 19, 2009
Wednesday, February 18, 2009
Change Has Truly Come! Track The Stimulus!
http://www.recovery.gov/
You have never seen participatory democracy work this well. You can now track the stimulus bill usage online! Read the entire text of the bill, ONLINE! Its open and transparent to everyone. Track the timeline of events, watch your tax money at work!
This is the dawning of a new era of politics people. The days of politics as usual are being shut down by force.
You have never seen participatory democracy work this well. You can now track the stimulus bill usage online! Read the entire text of the bill, ONLINE! Its open and transparent to everyone. Track the timeline of events, watch your tax money at work!
This is the dawning of a new era of politics people. The days of politics as usual are being shut down by force.
Tuesday, February 10, 2009
New Deal, Kenyesian Economics, and the Republican ReWrite
Lately it has been fun to watch republicans "state for a fact" that FDR's new Deal economics simply didn't work then and it won't work now. So lets explore some of those myths shall we? Now, all these statistics can be found on the BEA National Economic Accounts web page Here: http://bea.gov/national/index.htm#gdp
But I have borrowed from at least one other person who put it into table form.
http://www.huppi.com/kangaroo/Timeline.htm
I took this table out of his time line because I can't find all the files I saved after doing my research on this.
Never the less, the information is verifiable on the website I listed first if you like data and tables and such.
It clearly shows that Hoovers time spiked up our unemployment rate from 3.2% to nearly 25% by the time FDR took office. And when FDR took office, he inherited a very small GDP to work with. We can see that the New Deal brought lower unemployment and higher GDP. New Deal spending was working.
In 1937, FDR caved into Republican calls to pull back spending, and it sent the country into another recession for about a 1 and a half. What was the fix this time? A $5 Billion spending package which quickly brought us out of the recession.
Now here is the tricky part. After the recession ended, the spending quickly lowered unemployment by 2%. However, republicans will not that unemployment was still at 15% before World War 2. And they would right. Thats still a 10% reduction in less than 8 years. Thats fabulous!
But here is where they go wrong and the myth begins. They like to claim that it wasn't spending, but WWII that got us over the final hump, despite the fact that unemployment was still continuing to slowly go down. But, what they don't understand is that it truly doesn't matter. The principle behind New Deal and Keynesian economics was still in full force.
Why would WWII have brought us out of the depression? SPENDING! We must understand that we didn't have the war machine we have today. Our military was under built, underfunded, and under outfitted for a war of that magnitude. Right now, we have more tanks, planes, artillery, and vehicles than we have men. But that wasn't the case. WWII created a MASSIVE spending project to fuel the economy. It wasn't the war itself, it was the SPENDING on the war that created the jobs!
In the end, SPENDING was STILL the key to getting out of the depression. If we learned anything from FDR it is that we cannot spend to little. Spending to little will simply not help us. We need to go big or go home.
This stimulus bill will work, if its big enough. Its time republicans stop their lying! Their partisan lying is going to cost this country big time.
But I have borrowed from at least one other person who put it into table form.
http://www.huppi.com/kangaroo/Timeline.htm
I took this table out of his time line because I can't find all the files I saved after doing my research on this.
Never the less, the information is verifiable on the website I listed first if you like data and tables and such.
It clearly shows that Hoovers time spiked up our unemployment rate from 3.2% to nearly 25% by the time FDR took office. And when FDR took office, he inherited a very small GDP to work with. We can see that the New Deal brought lower unemployment and higher GDP. New Deal spending was working.
In 1937, FDR caved into Republican calls to pull back spending, and it sent the country into another recession for about a 1 and a half. What was the fix this time? A $5 Billion spending package which quickly brought us out of the recession.
Tax Federal GNP Unemp.
Year Receipts Spending Growth Rate
-------------------------------------------------
1929 -- -- -- 3.2% < Hoover era, Great Depression begins
1930 4.2% 3.4% - 9.4% 8.7
1931 3.7 4.3 - 8.5 15.9
1932 2.9 7.0 -13.4 23.6
1933 3.5 8.1 - 2.1 24.9 < FDR, New Deal begins; contraction ends March
1934 4.9 10.8 + 7.7 21.7
1935 5.3 9.3 + 8.1 20.1
1936 5.1 10.6 +14.1 16.9
1937 6.2 8.7 + 5.0 14.3 < recession begins, May
1938 7.7 7.8 - 4.5 19.0 < recession ends, June
1939 7.2 10.4 + 7.9 17.2
1940 6.9 9.9
1941 7.7 12.1
1942 10.3 24.8
1943 13.7 44.8
1944 21.7 45.3
1945 21.3 43.7
Now here is the tricky part. After the recession ended, the spending quickly lowered unemployment by 2%. However, republicans will not that unemployment was still at 15% before World War 2. And they would right. Thats still a 10% reduction in less than 8 years. Thats fabulous!
But here is where they go wrong and the myth begins. They like to claim that it wasn't spending, but WWII that got us over the final hump, despite the fact that unemployment was still continuing to slowly go down. But, what they don't understand is that it truly doesn't matter. The principle behind New Deal and Keynesian economics was still in full force.
Why would WWII have brought us out of the depression? SPENDING! We must understand that we didn't have the war machine we have today. Our military was under built, underfunded, and under outfitted for a war of that magnitude. Right now, we have more tanks, planes, artillery, and vehicles than we have men. But that wasn't the case. WWII created a MASSIVE spending project to fuel the economy. It wasn't the war itself, it was the SPENDING on the war that created the jobs!
In the end, SPENDING was STILL the key to getting out of the depression. If we learned anything from FDR it is that we cannot spend to little. Spending to little will simply not help us. We need to go big or go home.
This stimulus bill will work, if its big enough. Its time republicans stop their lying! Their partisan lying is going to cost this country big time.
Friday, February 6, 2009
Jobless Rate hits 7.6% - PASS THE STIMULUS!
http://www.msnbc.msn.com/id/29050656/
Anyone want to argue that building a new homeland security building isn't stimulus, that buying and installing new computers for schools won't create jobs? Anyone? Didn't think so.
Republican obstructionists, get out of the way!
Anyone want to argue that building a new homeland security building isn't stimulus, that buying and installing new computers for schools won't create jobs? Anyone? Didn't think so.
Republican obstructionists, get out of the way!
Congress - PASS THIS STIMULUS!
Alright, times up, game over, pass the damn stimulus! Republicans, either be part of the problem or part of the solution. Right now, you are obstructionists in a pointless destructive behavior! I have looked at the parts of this bill that the republicans say aren't stimulus, and I have to say, they are idiots. What part of spending don't you realize is stimulus?
They keep parroting the same stupid false statements. "Its just a spending bill, its not stimulus". WTF? What do you think Kensyian stimulus is? ITS SPENDING! Almost every single project on this bill needs PEOPLE to design, build, and maintain it! Designers, engineers, raw material harvest, shipping, building, renovating, and other such jobs! More teachers, tech jobs, and other good paying jobs as well! ENOUGH IS ENOUGH!
You lost, get over it! This country needs to you be bi-partisan and you continue the same failed crap! Yet now, the only one giving in the bi-partisan give and take, is Obama and the dems, giving up projects one at a time, and adding tax cuts! BS! You lost, we have rejected your failed policies! VOTE FOR THE DAMN STIMULUS!
As of right now, I can say I voted for some republicans this last time around. Any republican who doesn't vote for this will earn my vote against them next time on this issue alone. Stop getting in the way of recovery and either lying or being idiots about what is in this bill! Get out of the way republicans, turn off your god, Rush Limbaugh, and stop the republican noise machine and help this nation!
They keep parroting the same stupid false statements. "Its just a spending bill, its not stimulus". WTF? What do you think Kensyian stimulus is? ITS SPENDING! Almost every single project on this bill needs PEOPLE to design, build, and maintain it! Designers, engineers, raw material harvest, shipping, building, renovating, and other such jobs! More teachers, tech jobs, and other good paying jobs as well! ENOUGH IS ENOUGH!
You lost, get over it! This country needs to you be bi-partisan and you continue the same failed crap! Yet now, the only one giving in the bi-partisan give and take, is Obama and the dems, giving up projects one at a time, and adding tax cuts! BS! You lost, we have rejected your failed policies! VOTE FOR THE DAMN STIMULUS!
As of right now, I can say I voted for some republicans this last time around. Any republican who doesn't vote for this will earn my vote against them next time on this issue alone. Stop getting in the way of recovery and either lying or being idiots about what is in this bill! Get out of the way republicans, turn off your god, Rush Limbaugh, and stop the republican noise machine and help this nation!
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