I’ve loved this!! Third time I’ve listened to it. 🤗
A question I have long had. I haven’t been as involved with politics as you Bulwark folks have been. But, my observation has been that the economy swings in this way:
A Republican president comes in as the economy is really taking off — and by the time they leave the economy is in the ta…
I’ve loved this!! Third time I’ve listened to it. 🤗
A question I have long had. I haven’t been as involved with politics as you Bulwark folks have been. But, my observation has been that the economy swings in this way:
A Republican president comes in as the economy is really taking off — and by the time they leave the economy is in the tank. The Democrat comes in and, with a lot of work, returns the economy to health - which a Republican president inherits. Then trashes. Then the Dem comes in and again slowly and laboriously returns the economy to health. While the Republicans peacock around about how great the economy was while they were in office. Meaning the good economy they inherited and then trashed. Handing a horrible economy to the Dems - to slowly and laboriously rebuild. Think Clinton to Bush. Then Bush to Obama. Then Obama to Trump. And now Trump to Biden. The economy Trump is so proud of he inherited from Obama. Then he trashed it. And Biden has been slowly putting it right …
Hard work to build. Easy to destroy. Messes with the optics of who’s to blame.
No, you're not wrong. This is one of those things that makes me crazy b/c history shows that the economy does better under Dems - but almost everyone believes the opposite. Do you remember that Clinton eliminated the national debt?
Furthermore, to quote Heather Cox Richardson: "For forty years, between 1981, when Republican Ronald Reagan took office, and 2021, when Democrat Joe Biden did, the Republicans operated under the theory that the best way to run the country was for the government to stay out of the way of market forces... But the system never worked as promised... The result was that as much as $50 trillion moved upward from the bottom 90% of Americans to the top 1%.
I did know that (Clinton's wiping out the debt). Though it is not top of mind. Why is that?? (Thanks for the reminder!!!)
If only we would brag more and they would lie less . . .
Love Heather Cox Richardson. Have read nearly every one of her letters for YEARS. Such a depth of knowledge. She quotes pieces from the Bulwark from time to time. : ) And I always always learn something from her.
I’ve loved this!! Third time I’ve listened to it. 🤗
A question I have long had. I haven’t been as involved with politics as you Bulwark folks have been. But, my observation has been that the economy swings in this way:
A Republican president comes in as the economy is really taking off — and by the time they leave the economy is in the tank. The Democrat comes in and, with a lot of work, returns the economy to health - which a Republican president inherits. Then trashes. Then the Dem comes in and again slowly and laboriously returns the economy to health. While the Republicans peacock around about how great the economy was while they were in office. Meaning the good economy they inherited and then trashed. Handing a horrible economy to the Dems - to slowly and laboriously rebuild. Think Clinton to Bush. Then Bush to Obama. Then Obama to Trump. And now Trump to Biden. The economy Trump is so proud of he inherited from Obama. Then he trashed it. And Biden has been slowly putting it right …
Hard work to build. Easy to destroy. Messes with the optics of who’s to blame.
As JVL would say, “Am I wrong?”
No, you're not wrong. This is one of those things that makes me crazy b/c history shows that the economy does better under Dems - but almost everyone believes the opposite. Do you remember that Clinton eliminated the national debt?
Furthermore, to quote Heather Cox Richardson: "For forty years, between 1981, when Republican Ronald Reagan took office, and 2021, when Democrat Joe Biden did, the Republicans operated under the theory that the best way to run the country was for the government to stay out of the way of market forces... But the system never worked as promised... The result was that as much as $50 trillion moved upward from the bottom 90% of Americans to the top 1%.
I did know that (Clinton's wiping out the debt). Though it is not top of mind. Why is that?? (Thanks for the reminder!!!)
If only we would brag more and they would lie less . . .
Love Heather Cox Richardson. Have read nearly every one of her letters for YEARS. Such a depth of knowledge. She quotes pieces from the Bulwark from time to time. : ) And I always always learn something from her.