Republicans are economic morons. The public can't grasp that
idea because the corporate media and the big money people
don't cover their pathetic performance.
Anyway, I've just done some analysis of GDP and Federal
deficit numbers that I think are quite telling. My
calculations haven't been double checked, so take them with a
little grain of salt. But, even if a little off, they
demonstrate a huge truth.
Avg GDP Growth Avg Deficit/GDP Growth - Deficit
Carter 2.71 0.70 2.01
Reagan 3.46 2.07 1.39
Bush 1 1.74 2.33 -0.59
Clinton 3.38 1.13 2.25
Bush* 0.72 1.73 -1.01
Avg GDP Growth is the yearly average growth in inflation
adjusted (Real) Gross Domestic Product over the term(s) of
each president. For Bush*, its just for 2 years.
Avg Deficit / GDP is the ratio of the average of the deficit
spending and the average real GDP growth.
The key item is the Growth in GDP minus the Deficit. Notice
that for the two Bushwhackers after you account for deficit
spending, the country is really in recession. There is no
growth except what they create by borrowing and spending. Even
senile Reagan got some actual growth--not much but some.
Carter and Clinton both did exceptionally well. So much for
the success of Voodoo economics.
Bush*s tax cuts aren't creating economic growth. Bush*s
inexcusable borrow and spend policies are. And even that is
pathetic by historical standards.