443999
From: akira, [DNS_Address]
Subject: How do you know a recession is coming?
URL: https://en.wikipedia.org/wiki/U.S._economic_performance_by_presidential_party#Recessions
|
tennesseine@Tennesseine "How do you know a recession is coming? Simple. Americans just elected a Republican president. Look at history: Since WWII, almost every single recession has happened after Americans elected a Republican president." link: U.S. economic performance by presidential party excerpts: "Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth, and corporate profits. The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents.[1][2] Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.[3] Of these, the most statistically significant differences are in real GDP growth, unemployment rate change, stock market annual return, and job creation rate.[4] [5]" "Studies published in the American Economic Review by Blinder and Watson have analyzed the factors which determine differences between unemployment rates during Democratic and Republican Leadership. They found that the unemployment rate fell under Democratic presidents by an average of 0.8 percentage points, while it increased under Republican presidents by an average of 1.1 percentage points" "Commentary During a March 2004 interview, Trump stated: "It just seems that the economy does better under the Democrats than the Republicans."[28][29] 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." [30]" |
444038
From: Redhart, [DNS_Address]
Subject: Re: How do you know a recession is coming?
|
Yup. Pretty sure the guys who voted this clown car in are going to get exactly the opposite of what they thought they were voting for. Higher prices, lay offs and fewer jobs, oppression and less power. They will, of course, attempt to blame Biden for it. He'll be gone and if they have all three branches of government, it'll be a hard finger point to make. |
Responses:
None
444012
From: mitra, [DNS_Address]
Subject: Re: How do you know a recession is coming? Acting Prez Musk said so.(NT)
| (NT) |
Responses:
[444040]
444040
From: Redhart, [DNS_Address]
Subject: Re: How do you know a recession is coming? Acting Prez Musk said...
|
it may be destructive to our country, but Trump vs. Musk will be an interesting battle. No two psychopaths can occupy the same place. Right now they're buds...I predict that these two will, at some point, will have a power battle. |
Responses:
None