Gross Domestic Product

Republicans, Democrats, And The Economy: The Truth!

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Republicans for generations have claimed they are the “better” political party for the American economy, than are the opposition Democrats!

This is a bald faced lie, but gullible people keep on “drinking the KoolAid”!

The Republican party continues to call for the demise of Social Security (passed under Franklin D. Roosevelt); Medicare and Medicaid (passed under Lyndon B. Johnson); and in the past 12 years for repealing the Affordable Care Act (ObamaCare).

Right wingers condemn the Affordable Care Act because it was an African American president who promoted this expansion of health care that was first promoted as a basic right by Republican President Theodore Roosevelt as the Bull Moose Progressive Party nominee for President in 1912.

It took a generation for the cousin of TR to move toward social justice; and 50 years for Johnson to promote the health care initiatives of Harry Truman; and another nearly 50 years for Barack Obama to go beyond Medicare and Medicaid. Note that all of the Presidents engaged in this quest, except for Theodore Roosevelt, were Democrats.

But beyond that, all of the economic downturns since 1953 took place under Republican Presidents, with the exception of the brief recession under Democratic President Jimmy Carter in 1980, which led to his defeat for a second term. But there were three recessions under Dwight D. Eisenhower; one under Richard Nixon and one shared by Nixon and Gerald Ford; one under Ronald Reagan; one under George H. W. Bush; and two under George W. Bush. This list included the highest unemployment rate since the Great Depression under Reagan and the “Great Recession” under George W. Bush, which set back the economy for years. Additionally, the COVID 19 Pandemic led to an economic crisis under Donald Trump.

The latest economic report shows the lowest peacetime unemployment rate since World War II; the unemployment rate lowest since 1969 at 3.4 percent; a tremendous economic recovery since the COVID 19 Pandemic; 33.8 million jobs over the sixteen years of Bill Clinton and Barack Obama; 12.1 million jobs in two years of Joe Biden, an all time high; while only 1.9 million jobs under Republican Presidents George H. W. Bush, George W. Bush, and Donald Trump were created for 16 years; and with Donald Trump the first President since Herbert Hoover to have a net loss of jobs!

Also, Gross Domestic Product has been 3.4 percent under Joe Biden, as compared to 1 percent under Trump; and more jobs created under two years of Biden than any President in four years! And the uninsured rate on health care is down to 8 percent due to Medicare, Medicaid and the Affordable Care Act (ObamaCare) than it has ever been, and if Texas and Florida had agreed to expansion of Medicaid, it would be MUCH lower! Additionally, more businesses are being formed than ever before, and wage growth, while not keeping up with inflation, has been rapidly expanding.

Once the inflation struggle, affected by the Russia-Ukraine War and the machinations of oil nations, are dealt with, inflation, already coming down, will be mastered. But no President can alone prevent or provoke inflation!

So the Democrats can be proud of their accomplishments economically over the long haul, and it is time for the myth of Republican “prosperity” to be laid to rest as yet another myth that needs to be retired!

The Republican Party is there for the wealthy, the privileged, and the bigots who promote white supremacy, racism, nativism, and misogyny, and with the political corruption under Richard Nixon, Ronald Reagan, George W. Bush and Donald Trump being massive, while Democratic Presidents have NOT presided over corruption at a notable level, but rather mostly manufactured by Republican propagandists!

Republicans are “better” in promoting propaganda, while Democrats are far better in accomplishment of improving economic opportunity for the American people!

The Reality Of The First Year Of The Biden Presidency: Strongest Year Of Economic Growth Since 1984!

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In the second year of the Joe Biden Presidency, America is facing the greatest inflation rate in 41 years, with inflation now at close to 8 percent.

This is a major issue, as the Midterm Congressional and Gubernatorial elections of 2022 are now six and a half months away.

No one wants inflation, and it should not be a political issue, but of course, it is, and Republicans will constantly harp on it.

But it has nothing to do with any President, as inflation is reality worldwide, and the unfortunate Russia-Ukraine War only makes the situation worse.

So Democrats need to emphasize that 2021 was a record breaking year, with unemployment down to 3.6 percent, down from 6.3 percent in 2020, the fastest decline ever.

The Gross Domestic Product was up about 5.7 percent, double the average since 1976!

Nearly 8 million jobs have been created, and wages have risen about 5.6 percent, and the deficit is down about $1.3 trillion, largest drop ever!

So 2021 was the strongest year for economic growth since 1984!

Time For Washington DC To Be The 51st State

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Washington DC has more population than two states, Wyoming and Vermont, and not much lower than Alaska and North Dakota.

Washington DC has a higher educational and income level than the above named states.

Washington DC had a proposed statehood amendment passed through Congress in 1978 that failed to be ratified within the seven year limit, only gaining 16 states approval.

The 23rd Amendment, giving DC residents the right to vote for President, and giving DC three electoral votes, was ratified in 1961, and in 1964, for the first time, DC participated in the Presidential Election of 1964.

In a 2016 DC Statehood referendum, 85 percent of the residents in DC supported statehood.

DC would be first in Gross Domestic Product Per Capita (nearly two and a half times the next state), and first in Educational Attainment, with 60 percent having an advanced degree, and 34 percent having a bachelor’s degree.

Donald Trump Declares His Fascist Desires To Delay Presidential Election, Rejected Unanimously By Congress And Scholars

Ronald 20 Comments

President Donald Trump is not hiding his dictatorial desires, having declared on Twitter yesterday his wish to delay or cancel the Presidential Election of 2020 until the legitimacy of the election can be insured.

That makes it very clear that Trump is a Fascist, trying to stay in office without accountability and responsibility for his multitude of crimes against his oath of office.

Trump was trying to take attention away from the escalation of the CoronaVirus Pandemic to all time highs in Florida, Texas, Arizona and California, and the growing number of cases erupting in the Midwest.

Trump is also trying to make us forget that the Gross Domestic Product dropped a shocking 33 percent in the second quarter of April, May and June 2020, the all time record since statistics were kept starting in 1947, after World War II. Five years of growth were wiped out all at once!

All this plus the illegal, unconstitutional sending of unidentified military forces to Portland, Seattle and threats to other Democratic run cities, over the fake threat to federal buildings conjured up by Trump. Who are the threats he suggests? Retired military veterans, housewives, and other decent Americans are taking a stand against racism and for freedom of assembly, while the unwanted and unconstitutional forces are provoking violence and detaining people, shoving them in cars, in a manner reminiscent of Nazi Storm Troopers!

For the first time, however, Republicans in Congress rebuked Trump on the idea of delaying or suspending the elections. This included Republican Senate Majority Leader Mitch McConnell of Kentucky and Republican House Minority Leader Kevin McCarthy of California, as well as many others in a party that until now has bowed down to every whim of Donald Trump!

Trump’s suggestion that the results of the election might take months or years is truly delusional, as he forgets that Inauguration Day is 78 days after Election Day, and that the Electoral College meets in December.

It took 36 days in 2000 to resolve the winner in that election, and even in 1876-1877, while it took four months to decide the winner, it occurred with two days to go until the inauguration on the then later date of March 4!

The reason why Trump is acting hysterically is his realization that he will be indicted by a New York grand jury, which cannot be stopped by a Presidential pardon, and will, most likely, go to federal prison, where he belongs, along with a a whole group of family members and many major figures in his administration.

It is only Donald Trump who thinks there will be a “rigged” election, as he well knows that his election in 2016 was “rigged” by Russian collusion, pointed out in the report of Special Counsel Robert Mueller in 2019, but covered up by Attorney General William Barr, who will also end up in prison as the worst, most corrupt Attorney General in American history!

Absentee and mail balloting will go forth in this upcoming election, and the issue of corruption is a “red herring”, and Americans will have the right in much of the nation to vote, and not endanger their lives in this pandemic to do so!

Many major conservative groups, such as the Federalist Society, denounced Trump for the suggestion of delaying the election, and said he was acting like a Fascist, and should resign.

So finally, Republicans and conservatives are rising up against Trump!

Romney Tax Cut Plan Benefits Wealthy Three Times As Much As George W. Bush’s Tax Cuts

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News has come out that Mitt Romney’s Tax Cut plan would TRIPLE the benefit to the top one percent of the population, which includes Mitt Romney.

George W. Bush’s tax cuts were equivalent to one percent of Gross Domestic Product at the time, while Romney’s tax cuts would be equivalent of 3.4 percent of GDP, and cause massive cuts in domestic social programs, including Social Security, Medicare and Medicaid.

Romney himself would gain a 40 percent or greater tax cut, added on to his 15 percent or less tax burden now.

No wonder Romney does not wish us to see how he acquired his $250 million wealth over the years, and refuses up to now to reveal his past tax returns, even though his father, George Romney, was path breaking, in releasing 12 years of tax returns when he ran for President in 1968 as a potential Republican nominee.

So senior citizens and the poor would bear the burden of Romney’s tax cut plan, as he is very willing to enrich the “one percent” at the expense of the rest of us.

How could anyone support Romney against Barack Obama hearing the truth about the Romney tax plan? It is again an example of the tone deafness of many people, who secretly still hate that a guy who is black is our President! There is no rational explanation otherwise, sorry to say, why anyone would vote against his or her own economic interest!