News Focus
News Focus
Followers 88
Posts 52756
Boards Moderated 1
Alias Born 01/05/2010

Re: newmedman post# 453553

Saturday, 10/14/2023 9:03:58 PM

Saturday, October 14, 2023 9:03:58 PM

Post# of 575304
Dem pragmatism VS GOP magical thinking, of course.

The Joint Economic Committee Democrats summarized and expanded the Blinder and Watson analysis in a June 2016 report, writing: "Claims that Republicans are better at managing the economy are simply not true. While the reasons are neither fully understood nor completely attributable to policy choices, data show that the economy has performed much better during Democratic administrations. Economic growth, job creation and industrial production have all been stronger."[28]

Journalist David Leonhardt wrote in the NYT that economists he interviewed were not certain of the cause. One possibility for the consistent outperformance by Democratic presidents was: "Democrats have been more willing to heed economic and historical lessons about what policies actually strengthen the economy, while Republicans have often clung to theories that they want to believe — like the supposedly magical power of tax cuts and deregulation. Democrats, in short, have been more pragmatic." He wrote that Democratic presidents championing the ideas of John Maynard Keynes have taken stronger fiscal action to address crises.[12]


https://en.wikipedia.org/wiki/U.S._economic_performance_under_Democratic_and_Republican_presidents

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today