Want A Better Economy? History Says Vote Democrat!

https://www.forbes.com/sites/adamhartung/2012/10/10/want-a-better-economy-history-says-vote-democrat/?

There was a time, before primaries, when each party's platform was really important. Voters didn't pick a candidate, the party did. Then voters read what policies the party planned to implement should it control the executive branch, and possibly a legislative majority. It was the policies that drew the most attention - not the candidates.

Digging deeper today than shortened debate-level headlines, there is a considerable difference in the recommended economic policies of the two dominant parties.

The common viewpoint is that Republicans are good for business, which is good for the economy. Republican policies - and the more Adam Smith, invisible hand, limited regulation, lassaiz faire the better - are expected to create a robust, healthy, growing economy. Meanwhile, the common view of Democrat policies is that they too heavily favor regulation and higher taxes which are economy killers.

Right?

Well, for those who feel this way it may be time to review the last 80 years of economic history, Bob Deitrick and Lew Godlfarb have done it in a great, easy to read book; "Bulls, Bears and the Ballot Box" (available at Amazon.com) Their heavily researched, and footnoted, text brings forth some serious inconsistency between the common viewpoint of America's dominant parties, and the reality of how America has performed since the start of the Great Depression.

Gary Hart recently wrote in The Huffington Post,


"Reason and facts are sacrificed to opinion and myth. Demonstrable falsehoods are circulated and recycled as fact. Narrow minded opinion refuses to be subjected to thought and analysis. Too many now subject events to a prefabricated set of interpretations, usually provided by a biased media source. The myth is more comfortable than the often difficult search for truth."

Senator Daniel Patrick Moynihan is attributed with saying "everyone is entitled to his own opinion, but not his own facts." So even though we may hold very strong opinions about parties and politics, it is worthwhile to look at historical facts. This book's authors are to be commended for spending several years, and many thousands of student research assistant man-days, sorting out economic performance from the common viewpoint - and the broad theories upon which much policy has been based. Their compendium of economic facts is the most illuminating document on economic performance during different administrations, and policies, than anything previously published.

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