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FightFight

(163 posts)
Sat Dec 7, 2024, 06:00 PM Saturday

Republicans answer for Americans concerned about the economy? Tax cuts for billionaires

GOP's answer for Americans concerned about the economy? Tax cuts for billionaires
https://www.msnbc.com/top-stories/latest/republican-congress-economy-slash-spending-trump-rcna183032


**Want A Better Economy? History Says Vote Democrat**

1. Personal disposable income has grown nearly 6 times more under Democratic presidents

2. Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents

3. 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 if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)

4. Republican presidents added 2.5 times more to the national debt than Democratic presidents

5. The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations

**Why Are Republican Presidents So Bad for the Economy?**
G.D.P., jobs and other indicators have all risen faster under Democrats for nearly the past century. https://www.nytimes.com/2021/02/02/opinion/sunday/democrats-economy.html

**U.S. Jobs, Income, GDP Growth 'Startlingly' Higher Under Democratic Presidents** https://www.newsweek.com/us-jobs-income-gdp-growth-startlingly-higher-under-democratic-presidents-analysis-1566313

**Over the last 6 decades--60 years or so, history has tended to favor Democratic presidents in terms of economic performance** https://www.usnews.com/news/blogs/data-mine/2015/10/28/which-presidents-have-been-best-for-the-economy

**During the final 3 years of Barack Obama's presidency 2014. 2015 . 2016 , the number of jobs added was 1.5 million greater than the number added during Trump's first 3 years in office 2017 2018 2019** https://www.snopes.com/fact-check/obama-created-more-jobs-trump

**Trump inherited a booming economy — and handed Biden a nation 'in shambles'** https://www.nbcnews.com/business/economy/trump-inherited-booming-economy-handed-biden-nation-shambles-n1255033

**Trump to leave office with the worst jobs record since Herbert Hoover** https://finance.yahoo.com/news/trump-leave-office-worst-jobs-030044152.html

Trump will be first president since WWII to lose jobs during tenure. The U.S. lost 140,000 jobs in December 2020 in the final jobs report of Trump’s presidency. This means the nation has about 3 million fewer jobs than it did 4 years ago UNDER THE BLACK GUY --OBAMA, meaning Trump will be the first president to lose jobs over his term since employment data was collected in this way. NBC News Now correspondent Simone Boyce explains how it all unfolded.

https://www.nbcnews.com/now/video/trump-will-be-first-president-since-wwii-to-lose-jobs-during-tenure-

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Republicans answer for Americans concerned about the economy? Tax cuts for billionaires (Original Post) FightFight Saturday OP
And this is the worse thing that they can do, just go ahead and concentrate the money even more, where there's SWBTATTReg Saturday #1

SWBTATTReg

(24,255 posts)
1. And this is the worse thing that they can do, just go ahead and concentrate the money even more, where there's
Sat Dec 7, 2024, 06:04 PM
Saturday

less of a chance of them spending it, when instead, get the money out to far more people, us, and we'll spend it a hell of a lot more, and stimulate this economy. Billionaires already get too f**king much, way too much and don't pay a damn penny in taxes. Scumbags.

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