Saturday, October 18, 2008

McCain Reduced To Name Calling

An LA Times articles reports that John McCain has been reduced to calling Barack Obama names. It seems McCain can't come up with any real faults in Obama's economic plan, so he's reduced to lying. Apparently tax cuts for the middle class is socialism in John McCain's book.

Meanwhile, the SF Chronicle has a historical run down of how the economy does under Democrats & Republicans:

During the 20th century, the Dow Jones industrial average rose 7.3 percent per year on average under Republican presidents. Under Democrats, it rose 10.3 percent - which means that investors gained a whopping 41 percent more. And the stock market declined further during George Bush's two terms.

Moreover, according to research from Professor Larry Bartels of Princeton, real middle class wage growth is double when a Democrat is president, contrasted to that growth under a Republican president.

Since World War II, Democratic presidents have increased the national debt by an average of 3.7 percent per year, and Republican presidents have increased it an average of 10.1 percent. During the same time period, the unemployment rate was, on average, 4.8 percent under Democratic presidents; it was 6.3 percent under Republicans.

It's still the economy and it's still Democrats who do a better job with the economy.

1 comment:

mad Nomad said...

If socialism is the opposite of McCain, then lets do it! I can't wait till the GEEZER CROAKS and his "capitalism" dies with him.