Saturday, August 7

DEMOCRATS ARE BETTER FOR THE ECONOMY


Kevin Drum comments on the jobs numbers:

And yet, measure them any way you want, over any period you want, and with any time lag you want, and the results hold up: Democratic presidents are better for the economy. Why?

I suspect the answer is simple: Democrats may fumble around as much as Republicans, but in the end we always end up focusing on the one thing that FDR taught us to focus on: employment. Republicans, conversely, have historically focused on a variety of conservative hobbyhorses: inflation, balanced budgets, low taxes, small government, and so forth. And while they have successfully convinced themselves that these other metrics eventually produce high employment — think "supply side" economics or various "trickle down" theories — it ain't necessarily so.

If you want a strong economy, the #1 thing to focus on is strong employment. And if you want strong employment, the #1 thing to focus on is....strong employment. Republicans either don't understand this or pretend not to — it's hard to tell which — and that's why Democrats are better for the economy.

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