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05-17-2012, 05:23 AM   #1
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Facts show Democrats are job creators

Opinion: Facts show Democrats are job creators - Jennifer Granholm - POLITICO.com
QuoteQuote:
Democrats created nearly twice as many private-sector jobs as Republicans. Even though Democrats held the presidency for only 23 years compared with 28 years of Republican rule.

Private-sector payrolls increased by 42 million jobs under Democratic administrations, and 24 million under Republican ones. Thatís an average of 150,000 new paychecks a month under Democrats and 71,000 per month under Republicans.
Letís look at some other indicators. How about investing in the stock market? Again, Bloomberg analyzed the data. Investing $1,000 in a hypothetical fund that tracks the Standard & Poorís 500 index over the past 50 years would have returned $10,920 when Democrats held the White House. The return when Republicans were in power? $2,087.
Annualized returns were 11 percent for the Democrats, 2.7 percent for the Republicans.
What about gross domestic product growth? Through 2008, real GDP grew faster under Democratic administrations ó 4.1 percent to 2.7 percent for the GOP.
Income growth? Under Democrats, the real median income over the past 50 years grew at 2.2 percent. Republicans? 0.6 percent.
Number of Americans in poverty? By now you see the pattern. The poverty rate declined under President Lyndon B. Johnsonís Great Society programs from 22.2 percent to 12.6 percent by 1970.
Of course they suck at selling the "sizzle"..................

05-17-2012, 05:51 AM   #2
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But that's not the point! What quality jobs were created? The wealth and creativity and vitality of a society should not be measured by the mediocre middle, but rather by the wealth created at the very top. The number of billionaires is the true measure of economic success.

Besides, the Democrats were simply reaping what the Republicans sowed.

05-17-2012, 03:03 PM   #3
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Actually it's the middle class that creates jobs--see Hanauer at TED.
05-17-2012, 05:20 PM   #4
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Um, but the current Republican stance is that the middle class are job consumers, not creators: they don't have enough money to pay someone else, much less a company full, to do anything!

And that, in a nutshell, is the crux of today's problems: under socialist Democrat policies we have too many job consumers, too much demand, and not enough supply. By providing a greater supply of jobs, through taking the fetters off of business, we can all be that much wealthier.



05-17-2012, 05:39 PM - 1 Like   #5
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QuoteOriginally posted by Nesster Quote
By providing a greater supply of jobs, through taking the fetters off of business, we can all be that much wealthier.
As recent events have shown, taking the fetters off business is a recipe for disaster.
05-18-2012, 03:46 AM   #6
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QuoteOriginally posted by dadipentak Quote
As recent events have shown, taking the fetters off business is a recipe for disaster.
Anything but! It has been clearly demonstrated that government participation in the market - through guarantees via freddy and fannie, through the actions of the Fed, and due to incomplete and inconsistent removal of harmful regulations - is what caused the recent disaster. Left to its own devices, the market would have corrected itself far earlier; and now that it happened, allowing the market to process the aftermath would have already cleaned up the mess, instead of prolonging it due to governmental meddling. See, every crash has a fixed amount of pain. How that pain is processed, who, for how long, and how badly, is the main variable. "Reducing" pain simply makes it take longer. Allowing the marketplace dictate by whom and and how long the pain is felt results in the shortest possible period. Kind of like pulling off a band-aid.
05-18-2012, 05:52 AM   #7
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QuoteOriginally posted by Nesster Quote
Anything but! It has been clearly demonstrated that government participation in the market - through guarantees via freddy and fannie, through the actions of the Fed, and due to incomplete and inconsistent removal of harmful regulations - is what caused the recent disaster. Left to its own devices, the market would have corrected itself far earlier; and now that it happened, allowing the market to process the aftermath would have already cleaned up the mess, instead of prolonging it due to governmental meddling. See, every crash has a fixed amount of pain. How that pain is processed, who, for how long, and how badly, is the main variable. "Reducing" pain simply makes it take longer. Allowing the marketplace dictate by whom and and how long the pain is felt results in the shortest possible period. Kind of like pulling off a band-aid.
Ahh the old cyclical "no pain no gain" theory................

Unnecessary of course...............

Once we are off "flat earth" thinking...
05-18-2012, 06:39 AM   #8
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QuoteOriginally posted by jeffkrol Quote
Once we are off "flat earth" thinking...
However there is no free lunch, and just like with 'portfolio insurance' and 'credit default swaps' and all other forms of risk trading, one can't have the cake and eat it too. We either have a cake and starve, or don't have it but get fat.

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