2012–REPUBLICANS OR DEMOCRATS-OUR CHOICE!– PART I

PRESIDENTWhen we consider the facts on the Republican and Democratic President legacies, I believe that reasonable people would conclude that it was Republican administrations that “tanked” the US economy both times, and propelled our country into two unfunded wars contributing to a huge national debt.  Without further discussion on the Bush administration’s so called “war on terror” that caused over 4,500 Americans to lose their lives in Iraq, the biggest problem facing our country today that will impact the 2012 election is the economy.  Before I discuss the “what if” factor, let’s review the historical achievements of past administrations on the US economy.

It was under Republican President Herbert Hoover that the Great Depression began with the Stock Market Crash of October 1929 that rapidly spread worldwide. The market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth and personal advancement.  Although its causes are still uncertain and controversial, the net effect was a sudden and general loss of confidence in the economic future of the United States.  The usual explanations include numerous factors especially high consumer debt, ill-regulated markets that permitted overoptimistic loans by banks and investors, the lack of high-growth new industries,  and growing wealth inequality, all interacting to create a downward economic spiral of reduced spending, falling confidence, and lowered production.  Sounds familiar, doesn’t it?

The Hoover depression caused major political changes in America. Three years into the depression, Herbert Hoover lost the 1932 presidential election to Democrat Franklin Roosevelt in a sweeping landslide. Roosevelt’s economic recovery plan, the “New Deal,” instituted unprecedented programs for relief, recovery and reform and provided four years of very rapid economic growth.

Following the death of President Roosevelt, Democrat Harry Truman became President.  Truman took office just as World War II entered its final stages. With Japan’s surrender in August 1945, he now led a nation that, for the first time in nearly two decades, was not wracked by the traumas of economic depression or world war. President Truman’s chief task, then, was to lay out to Americans his vision for the country’s future. Two related issues—the future of New Deal liberalism and the reconversion of the American economy from a war-time to a peace-time footing—topped his agenda.

New Deal liberalism committed the federal government to managing the nation’s economy and to guarding the welfare of needy Americans.  During the war the Roosevelt administration had geared the US economy to meet the nation’s war needs, implementing price and wage controls, rationing and allocating resources, and setting production targets for American industry.  In short, the federal government regulated the American economy to an unprecedented degree.  With the war’s end, however, President Truman needed to reorient the nation’s financial system towards consumer production and clarify the government’s future role in the economy.  We all know that the unprecedented actions taken by President Roosevelt were necessary to pull our country out of the Great Depression.

In September 1945, President Truman presented to Congress a twenty-one point message that called for new public works programs, legislation guaranteeing “full employment,” a higher minimum wage, extension of the Fair Employment Practices Committee (FEPC), a war-time agency that monitored discrimination against African Americans in hiring practices of government agencies and defense industries, a larger Social Security System, and a national health insurance system. Taken together, these requests demonstrated an interest in maintaining and building upon the New Deal.  Under President Truman, the unemployment rate dropped from 3.4% to 2.9%.

After President Truman, Republican Dwight Eisenhower became President in 1953 and inherited an unemployment rate of 2.9%. When President Eisenhower left office, the unemployment rate had more than doubled, rising to 6.6%.  Democratic Presidents Kennedy and Johnson inherited a 6.6% unemployment rate and during their terms, reduced unemployment to 3.4%.  Republican Presidents Nixon and Ford inherited an unemployment rate of 3.4% and at the end of their term managed to increase unemployment to 7.5%.  Democratic President Carter inherited 7.5% unemployment that remained the same after he left office.  Republican President Reagan inherited 7.5% unemployment and reduced the rate to 5.4% when leaving office, keeping in mind that Reagan raised taxes eleven times during his administration.  Republican President George H.W. Bush raised the unemployment rate from 5.4% to 7.3% upon leaving office.  Democratic President Clinton reduced the unemployment rate from 7.3% to 4.2% upon leaving office.  Republican President George W. Bush increased the unemployment from 4.2% to 7.7% that continued to rise during the Obama administration because of the 2008 Wall Street fiasco promulgated mainly because of the flawed Bush economic policies.

Although Reagan reduced the unemployment rate to 5.4%, we all know that “supply side economics” referred to as “Reaganomics” didn’t work and added 2 trillion dollars to the National debt.  President George Bush cut taxes on the wealthy and added 5 trillion dollars more to the National debt while creating only 3 million jobs in eight years compared to President Clinton’s 23 million jobs. President George H. W. Bush created 2.5 million jobs; Reagan created 16 million jobs; President Carter created 10.5 million jobs; Ford created 1.8 million jobs; President Nixon created 9.4 million jobs; President Johnson created 11.9 million jobs; President Kennedy created 57.3 million jobs; President Eisenhower created 3.5 million jobs; and President Truman created 8.4 million jobs.

Even if you don’t consider the approximately 3 million jobs saved or created because of the President Obama stimulus package, since the Eisenhower Presidency, Republicans created 36.2 million jobs while the Democrats created 111.1 million jobs.  In addition, since Eisenhower, there has only been one President who produced a balanced budget and a budget surplus.  To sum it up, President Bill Clinton left office in 2001 with a balanced budget and federal budget surplus of $236 billion.  President George Bush ran a budget deficit of $319 billion by 2005.

PART II TOMORROW

If you are interested in acquiring silver click here for free information.

23 thoughts on “2012–REPUBLICANS OR DEMOCRATS-OUR CHOICE!– PART I”

  1. Congrats, I just happened your internet site as well as wished to point out that We’ve actually enjoyed browsing your website articles. We have subscribed to your own give food to and i also we imagine you compose again quickly!

  2. Fantastic website you have here but I was curious about if you knew of any discussion boards that cover the same topics talked about here? I’d really love to be a part of group where I can get feedback from other knowledgeable people that share the same interest. If you have any recommendations, please let me know. Bless you!

  3. DR,Challenging elected offlciais in the media seems to have little effect because they are propped up by the resources of the special interests that you rail against every day. You can fill an hour a day banging the drum with economists, journalists and commentators to drive home the point, but to what end? Until the representatives of the corporations in Washington are voted out of office in favor of representatives of the people, nothing will change. Incumbents have a huge advantage based on name recognition and the lack of credibility of ‘unknown’ challengers. You have a platform. You can use it to support challengers willing to run against incumbents from the corporatocracy. Economists, journalists and commentators can help you make the argument, but we need candidates to drive real change. By providing a platform for challengers to establish name recognition and present their views, you can help them gain credibility and give them a real chance against the Democratic and Republican political machines. Start Now.

  4. Howdy would you mind stating which blog platform you’re working with? I’m going to start my own blog soon but I’m having a tough time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something completely unique. P.S Apologies for being off-topic but I had to ask!

  5. Please let me know if you’re looking for a writer for your site. You have some really great articles and I feel I would be a good asset. If you ever want to take some of the load off, I’d really like to write some material for your blog in exchange for a link back to mine. Please send me an email if interested. Kudos!

  6. Wow that was unusual. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say superb blog!

  7. Hi guys In my opinion this is a great publish I’ll definetely continue reading your own functions, well done. It is crucial to possess quality material on the internet, we can use them like a reliable supply for our projects.Ive read it with pleasure as well as I know Im gonna read all the other stuff you may create, good job guy!.

  8. Amazing blog! Do you have any helpful hints for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally overwhelmed .. Any recommendations? Many thanks!

  9. There are some fascinating points in time on this article but I don’t know if I see all of them center to heart. There may be some validity but I’ll take hold opinion till I look into it further. Good article , thanks and we want extra! Added to FeedBurner as nicely

  10. Greetings I am so happy I found your site, I really found you by mistake, while I was looking on Google for something else, Anyways I am here now and would just like to say many thanks for a incredible post and a all round thrilling blog (I also love the theme/design), I don’t have time to go through it all at the moment but I have book-marked it and also added your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the excellent work.

  11. Howdy! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.

  12. Just about all of the things you mention happens to be astonishingly accurate and that makes me wonder why I had not looked at this in this light previously. This particular article really did turn the light on for me as far as this particular issue goes. Nonetheless at this time there is one particular issue I am not really too comfortable with and while I attempt to reconcile that with the actual core idea of your point, let me see what all the rest of the readers have to say.Very well done.

  13. Hi! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no back up. Do you have any methods to prevent hackers?

  14. Hello, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam remarks? If so how do you protect against it, any plugin or anything you can recommend? I get so much lately it’s driving me insane so any support is very much appreciated.

  15. Wonderful blog! I found it while searching on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thanks

  16. My partner and I stumbled over here coming from a different web address and thought I might as well check things out. I like what I see so now i am following you. Look forward to looking over your web page repeatedly.

  17. It’s a shame you don’t have a donate button! I’d most certainly donate to this outstanding blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to new updates and will share this site with my Facebook group. Chat soon!

  18. Wonderful goods from you, man. I’ve understand your stuff previous to and you are just extremely great. I really like what you have acquired here, really like what you’re stating and the way in which you say it. You make it enjoyable and you still take care of to keep it sensible. I cant wait to read far more from you. This is really a terrific site.

  19. Hmm is anyone else experiencing problems with the pictures on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog. Any feed-back would be greatly appreciated.

  20. There are certainly a lot of details like that to take into consideration. That is a great point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like the one you bring up where the most important thing will be working in honest good faith. I don?t know if best practices have emerged around things like that, but I am sure that your job is clearly identified as a fair game. Both boys and girls feel the impact of just a moment’s pleasure, for the rest of their lives.

Comments are closed.