Irish - the Dems held Congress was mostly split under Reagan, and Bush the Elder, and mostly Rep under Clinton (from 1994-2007) http://www.infoplease.com/ipa/A0774721.html
Regarding job creation - worst was 2001-2002 and 2008-2009
http://data.bls.gov/timeseries/CES00..._view=net_1mth
The problem is that CLinton was NOT a traditional Dem - he believed in "free trade" as much as the Reps do, and thus NAFTA, etc., exported our jobs overseas. That is the bottom line...bottom of the problem.
Government is a MAJOR economic driver - unfortunately more and more of that investment is in the "military-industrial complex" and not other sectors. For example - the fed gov't is 20% of consumption - you take that out of the economy and it falters. In addition - new drugs - NIH and university research funded by fed gov't NOT drug co's; internet - fed govt (DARPA) and significant explicit and implicit subsidies through the 90's.
The other problem we as a society have is a revenue problem - please anyone explain to my while billionaires and corporations should not pay tax. The US has the lowest effective corporate tax rate on the planet, with 2/3 of the Fortune 500 NOT paying a dime in fed income taxes.
Fact - when the economy was booming - more or less post WW2 through first Reagan recession (and the following first "jobless" recovery), fed income taxes on the VERY RICH, had a marginal tax rate of 91% (under Eisenhower) to about 60% under Carter. Yet the economy was working very nicely thank you.
Until 1980, the US was a NET creditor nation to the world, with a relatively small deficit; the US was also a NET exporter. That has changed permanently during the 80's...
Regarding job creation - worst was 2001-2002 and 2008-2009
http://data.bls.gov/timeseries/CES00..._view=net_1mth
The problem is that CLinton was NOT a traditional Dem - he believed in "free trade" as much as the Reps do, and thus NAFTA, etc., exported our jobs overseas. That is the bottom line...bottom of the problem.
Government is a MAJOR economic driver - unfortunately more and more of that investment is in the "military-industrial complex" and not other sectors. For example - the fed gov't is 20% of consumption - you take that out of the economy and it falters. In addition - new drugs - NIH and university research funded by fed gov't NOT drug co's; internet - fed govt (DARPA) and significant explicit and implicit subsidies through the 90's.
The other problem we as a society have is a revenue problem - please anyone explain to my while billionaires and corporations should not pay tax. The US has the lowest effective corporate tax rate on the planet, with 2/3 of the Fortune 500 NOT paying a dime in fed income taxes.
Fact - when the economy was booming - more or less post WW2 through first Reagan recession (and the following first "jobless" recovery), fed income taxes on the VERY RICH, had a marginal tax rate of 91% (under Eisenhower) to about 60% under Carter. Yet the economy was working very nicely thank you.
Until 1980, the US was a NET creditor nation to the world, with a relatively small deficit; the US was also a NET exporter. That has changed permanently during the 80's...
Originally posted by Irishrainy
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