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Democrats are Better for the Economy! Here’s the Proof!

Democrats are Better for the Economy!

Here’s the Proof!

For Immediate Release — Please forward. This data and analysis commentary may be freely used.

Contact: Arthur Blaustein arthur_blaustein@hotmail.com or hit reply to this email.

The Three Great Stock Market Crashes Have Happened At The End Of Long Periods Of Republican Rule!

Look at the data! The 3 Great GOP Stock Crashes

Crash Date President in Office

Harding (REPUBLICAN) Mar. 1921—Aug. 1923

Coolidge (REPUBLICAN) Aug. 1923—Mar. 1929

10/28/1929 Hoover (REPUBLICAN) Mar. 1929—Mar. 1933

10/19/1987 Reagan (REPUBLICAN) Jan. 1981—Jan. 1989

10/2-27/2008: Bush (REPUBLICAN) Jan. 2001—Jan. 2009

QUESTION:

Are Republicans or Democrats Better for the Economy?

Since World War II, which president, Democrat or Republican, was the best economic manager according to the following eight generally accepted economic baselines?

Do you know your history? You can take this quiz! Choose from the following:

Six Republicans–(Eisenhower, Nixon, Ford, Reagan, and Poppa and Younger Bush)–and

Five Democrats–(Truman, Kennedy, Johnson, Carter, and Clinton).

** Results below.

1. Greatest growth in (GDP) Gross Domestic Product?

2. Biggest increase in JOBS?

3. Best increase in after-tax Personal Disposable Income (PDI)?

4. Highest growth in Industrial Production?

5. Biggest jump in Hourly Wages?

6. The lowest Misery Index? (Lowest inflation + unemployment.)

7. The lowest Inflation?

8. The largest reduction in the Federal Budget Deficit?

**Answers: 1) (Truman), 2) (Carter), 3) (Johnson), 4) (Kennedy) 5) (Johnson), 6) (Truman), 7) (Truman), 8) (Clinton).

Surprise! It’s a Democratic sweep! See footnote [1] for link.

And the evidence is piling up.

October 2008 articles in The Christian Science Monitor, The New York Times, The San Francisco Chronicle, www.TruthDig.com and The Investment News have demonstrated that THE ECONOMY WORKS BETTER UNDER DEMOCRATS. [2] [3] [4] [5]

The economy works better under Democratic Presidents because they bolster the Middle Class and Lower Income earning power, which is the underpinning to a healthy, growing economy. It’s also because Democrats know they have to regulate Wall Street–because an unregulated Wall Street won’t or can’t prevent economic death matches, stock market death spirals and investment house Ponzi schemes—as former Fed Chairman Alan Greenspan ruefully acknowledged last week. [6]

This data and analysis commentary may be freely used.

For More Information or for Interviews Please Contact: Arthur Blaustein arthur_blaustein@hotmail.com or hit reply to this email.

About Arthur Blaustein. Professor Blaustein is a former chair of President Jimmy Carter’s National Advisory Council on Economic Opportunity. He teaches social and economic policy at UC Berkeley. The author of four books, his most recent book is: “Make a Difference: Your Guide to Volunteering and Community Service.”

Other hard data analysts:

Campaign for America’s Future: http://www.ourfuture.org/tipafencesitter

Economic Policy Inst: www.epinet.org

Center on Budget & Policy Priorities: www.cbpp.org

[1] Democrats Rate as Economic Stewards

by Andrew Coen, Investment News

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081026/REG/310279972/1017&ht=blaustein%20blaustein%20blaustein

[2] Why the Economy Fares Much Better under Democrats

by Larry M. Bartels, Christian Science Monitor

http://www.csmonitor.com/2008/1021/p09s01-coop.html

[3] Would Obama’s Plan be Faster, Fairer, Stronger?

by Alan A. Blinder, New York Times

http://www.nytimes.com/2008/08/31/business/31view.html?_r=1&scp=7&sq=democrats%20better%20economy%20chart&st=cse&oref=slogin

[4] Economy has Fared Better under Dem Presidents

by Arthur Blaustein, San Francisco Chronicle

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/19/IN5C13H0J5.DTL&hw=Blaustein&sn=001&sc=1000

[5] Republican Economic Policies Don’t Add Up

by Prof. Arthur Blaustein, TruthDig.com—(an LA Times Blog)

http://www.truthdig.com/report/item/20081006_republican_economic_theories_dont_add_up/?ln

[6] Greenspan Admits to some Mistakes

by Tom Bawden, London Times Online

http://business.timesonline.co.uk/tol/business/article5003610.ece

Political Expert Available for Interview

This data and analysis commentary may be freely used. Arthur Blaustein is also available for interview upon request.

Contact: Arthur Blaustein arthur_blaustein@hotmail.com or hit reply to this email.