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 Post subject: Republican Debt v. Democratic Debt (chart)
PostPosted: Fri Sep 11, 2009 10:28 pm 
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Show this chart the next time some Republican starts yapping about Obama spending too much on health care.

(And when we spend, at least it's on things to improve -- not destroy -- the lives of Americans and others around the world.)


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 Post subject: Re: Republican Debt v. Democratic Debt (chart)
PostPosted: Sat Sep 12, 2009 11:51 am 
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Closing The Book On The Bush Legacy

Sep 11 2009
Ronald Brownstein

Thursday's annual Census Bureau report on income, poverty and access to health care-the Bureau's principal report card on the well-being of average Americans-closes the books on the economic record of George W. Bush.

It's not a record many Republicans are likely to point to with pride.

On EVERY major measurement, the Census Bureau report shows that the country lost ground during Bush's two terms. While Bush was in office, the median household income declined, poverty increased, childhood poverty increased even more, and the number of Americans without health insurance spiked. By contrast, the country's condition improved on each of those measures during Bill Clinton's two terms, often substantially.

-- snip --

Consider first the median income. When Bill Clinton left office after 2000, the median income-the income line around which half of households come in above, and half fall below-stood at $52,500 (measured in inflation-adjusted 2008 dollars). When Bush left office after 2008, the median income had fallen to $50,303. That's a decline of 4.2 per cent.

That leaves Bush with the dubious distinction of becoming the only president in recent history to preside over an income decline through two presidential terms, notes Lawrence Mishel, president of the left-leaning Economic Policy Institute. The median household income increased during the two terms of Clinton (by 14 per cent, as we'll see in more detail below), Ronald Reagan (8.1 per cent), and Richard Nixon and Gerald Ford (3.9 per cent). As Mishel notes, although the global recession decidedly deepened the hole-the percentage decline in the median income from 2007 to 2008 is the largest single year fall on record-average families were already worse off in 2007 than they were in 2000, a remarkable result through an entire business expansion. "What is phenomenal about the years under Bush is that through the entire business cycle from 2000 through 2007, even before this recession...working families were worse off at the end of the recovery, in the best of times during that period, than they were in 2000 before he took office," Mishel says.

Bush's record on poverty is equally bleak. When Clinton left office in 2000, the Census counted almost 31.6 million Americans living in poverty. When Bush left office in 2008, the number of poor Americans had jumped to 39.8 million (the largest number in absolute terms since 1960.) Under Bush, the number of people in poverty increased by over 8.2 million, or 26.1 per cent. Over two-thirds of that increase occurred before the economic collapse of 2008.

The trends were comparably daunting for children in poverty. When Clinton left office nearly 11.6 million children lived in poverty, according to the Census. When Bush left office that number had swelled to just under 14.1 million, an increase of more than 21 per cent.

The story is similar again for access to health care. When Clinton left office, the number of uninsured Americans stood at 38.4 million. By the time Bush left office that number had grown to just over 46.3 million, an increase of nearly 8 million or 20.6 per cent.

The trends look the same when examining shares of the population that are poor or uninsured, rather than the absolute numbers in those groups. When Clinton left office in 2000 13.7 per cent of Americans were uninsured; when Bush left that number stood at 15.4 per cent. (Under Bush, the share of Americans who received health insurance through their employer declined every year of his presidency-from 64.2 per cent in 2000 to 58.5 per cent in 2008.)

When Clinton left the number of Americans in poverty stood at 11.3 per cent; when Bush left that had increased to 13.2 per cent. The poverty rate for children jumped from 16.2 per cent when Clinton left office to 19 per cent when Bush stepped down.

Every one of those measurements had moved in a positive direction under Clinton.

continued:

http://politics.theatlantic.com/2009/09/closing_the_book_on_the_bush_legacy.php


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 Post subject: Re: Republican Debt v. Democratic Debt (chart)
PostPosted: Sun Sep 13, 2009 9:06 am 
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Thanks for this excellent information, annie! :bounce:

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"Democrats work to help people who need help.
That other party, they work for people who don't need help.
That's all there is to it."

~Harry S. Truman


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 Post subject: Re: Republican Debt v. Democratic Debt (chart)
PostPosted: Sun Sep 13, 2009 6:04 pm 
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The Repugs may have one thing right—the Dems TAX and Spend. They realize that taxing is the only way to come near to balancing the budget. The Repugs have kept the spending up and then given tax breaks to the wealthiest individuals and corporations, a sure formula for financial ruin.

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 Post subject: Re: Republican Debt v. Democratic Debt (chart)
PostPosted: Tue Sep 15, 2009 8:59 pm 
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10 Lessons for Tea Baggers

By Jon Perr
Sep 15, 2009

Here, then, are 10 Lessons for Tea Baggers:

1. President Obama Cut Your Taxes
2. The Stimulus is Working
3. First Ronald Reagan Tripled the National Debt...
4. ...Then George W. Bush Doubled It Again
5. Republican States Have the Worst Health Care
6. Medicare is a Government Program
7. Barack Obama is Not a Muslim
8. Barack Obama was Born in the United States
9. 70,000 Does Not Equal 2,000,000
10. The Economy Almost Always Does Better Under Democrats


3. First Reagan TRIPLED the National Debt...

For Tea Baggers supposedly concerned that "deficit spending is out of hand," history apparently began only on January 20, 2009. Because while President Obama rightly resorted to massive deficit spending to rescue the American economy from calamity, it was Ronald Reagan who ushered in the now-standard Republican practice of "spending our children's inheritance."

As Steve Benen rightly noted, it was not Reagan but President Obama whose stimulus plan delivered the largest two-year tax cut in history. And as it turns out, what Saint Ronnie giveth, he also taketh away.

As predicted, Reagan's massive $749 billion supply-side tax cuts in 1981 quickly produced even more massive annual budget deficits. Combined with his rapid increase in defense spending, Reagan delivered not the balanced budgets he promised, but record-settings deficits. Ultimately, Reagan was forced to raise taxes twice to avert financial catastrophe (a fact John McCain learned the hard way from Tom Brokaw last October). By the time he left office in 1989, Ronald Reagan nonetheless more than equaled the entire debt burden produced by the previous 200 years of American history.

4. ...Then Bush DOUBLED It Again

Following in Reagan's footsteps, George W. Bush buried the myth of Republican fiscal discipline.

Inheriting a federal budget in the black and CBO forecast for a $5.6 trillion surplus over 10 years, President George W. Bush quickly set about dismantling the progress made under Bill Clinton. Bush's $1.4 trillion tax cut in 2001, followed by a $550 billion second round in 2003, accounted for the bulk of the yawning budget deficits he produced.

Like Reagan and Stockman before him, Bush resorted to the rosy scenario to claim he would halve the budget deficit by 2009. Before the financial system meltdown last fall, Bush's deficit already reached $490 billion. (And even before the passage of the Wall Street bailout, Bush had presided over a $4 trillion increase in the national debt, a staggering 71% jump.) By this January, the mind-numbing deficit figure reached $1.2 trillion, forcing President Bush to raise the debt ceiling to $11.3 trillion.

Tea Baggers take note: the Bush tax cuts delivered a third of their total benefits to the wealthiest 1% of Americans. And the staggering $2 trillion price tag for Bush's giveaway to the richest needing it least dwarfs the estimated $900 billion cost over 10 years of President Obama's health care proposals.

10. The Economy Almost Always Does Better Under Democrats

If the extended Pinocchio nose and a similarly over-inflated phallus are the apt symbols of the Tea Party movement, the Tea Baggers are in for one final, rude awakening. For all of their histrionics about "socialism" and "communism", the historical record clearly shows the economy overall and the stock market in particular almost always do better under Democratic presidents.

Just days after the Washington Post documented that George W. Bush presided over the worst eight-year economic performance in the modern American presidency, the New York Times in January featured an analysis comparing presidential performance going back to Eisenhower. As the Times showed, George W. Bush, the first MBA president, was a historic failure when it came to expanding GDP, producing jobs and fueling stock market growth. And across almost every indicator (article here, charts here), Democrats outperformed their Republican counterparts.

The superior performance of Democratic presidents covers virtually the entire spectrum of economic indicators. As Elliott Parker of the University of Nevada, Reno detailed in a 2006 paper, since 1949 Democratic administrations have done better than Republican ones when it comes to unemployment (5.2% to 6.0%), job creation (-.0.4% decrease in unemployment, compared to 0.3% increase), GDP growth rate (4.2% to 2.9%), and even corporate profits as a share of GDP. And to be sure, he found the Dow benefits from Democrats in the White House.

There's no shortage of studies to show that stock market returns are higher under Democratic leadership. (As it turns out, Wall Street's performance is also better when Democrats control Congress.) In 2000, Pedro Santa-Clara and Rossen Valkanov of UCLA's Anderson School of Business concluded that "that the average excess return in the stock market is higher under Democratic than Republican presidents - a difference of 9 percent per year for the value-weighted portfolio and 16 percent for the equal-weighted portfolio." As the New York Times noted of UCLA study in 2003:

"It's not even close. The stock market does far better under Democrats...

As the spent Tea Baggers wipe the spittle from their lips at they trudge home from Washington, they would do well to remember one final truth. The words of Harry Truman, the man Sarah Palin cited as her model, are as true today as when he uttered them generations ago:

"If you want to live like a Republican, vote Democratic."

http://crooksandliars.com/node/31244


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 Post subject: Re: Republican Debt v. Democratic Debt (chart)
PostPosted: Tue Sep 15, 2009 9:14 pm 
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I watched Rachel Maddow's report on the "march" and laughed myself silly at the "Billionaires for Wealthcare." Their song, to the tune of the "Battle Hymn of the Republic" was spot-on about how the health insurance industry really wants to protect its high profits instead of help Americans get affordable health care.

The last thing shown in the report was a winger coming up and shaking the hand of a "Billionaire." If he wasn't hired to do that by the Billionaires themselves, he must have been one rightwing dummy because it looked as though he didn't understand that the joke was really on him and those like him.

The sad thing is that so many Americans are being taken in by the fearmongering. It's amazing that in just 8 short months, the fear has again taken over....8 short months! What happened to HOPE? What happened to YES WE CAN! Guess W and Cheney are very proud
.

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"Behind every great fortune lies a great crime."
Honore de Balzac

"Democrats work to help people who need help.
That other party, they work for people who don't need help.
That's all there is to it."

~Harry S. Truman


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 Post subject: Re: Republican Debt v. Democratic Debt (chart)
PostPosted: Thu Sep 17, 2009 5:59 am 
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This is a great thread! Thank you to you all.

If I had a printer, I would copy it and parts of it would go into a letter to the editor--you have done a wonderful job of summing up 'what is wrong with this picture'.

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 Post subject: Re: Republican Debt v. Democratic Debt (chart)
PostPosted: Sun Sep 27, 2009 3:07 pm 
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Republican v. Democratic ... and another comparison


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