Simply put, the United States economy has grown faster, on average, under Democratic presidents than under Republicans. ...
It is well known that income inequality in the United States has been on the rise for about 30 years now — an unsettling development that has finally touched the public consciousness. But Professor Bartels unearths a stunning statistical regularity: Over the entire 60-year period, income inequality trended substantially upward under Republican presidents but slightly downward under Democrats, thus accounting for the widening income gaps over all. And the bad news for America’s poor is that Republicans have won five of the seven elections going back to 1980. ...
The two Great Partisan Divides combine to suggest that, if history is a guide, an Obama victory in November would lead to faster economic growth with less inequality, while a McCain victory would lead to slower economic growth with more inequality. Which part of the Obama menu don’t you like?
Written by a guy named Alan S. Blinder, who The Times describes as "a professor of economics and public affairs at Princeton and former vice chairman of the Federal Reserve. He has advised many Democratic politicians."
1 comment:
You got a long way to go man. You've been bashing Obama for week, I guess I shouldn't complain though. He has seen a steady rise in the polls since you started. Gov. Hottie may have had something to do with it to though...
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