Thursday, May 17, 2012

PERRspectives: Sorry, Mitt: If You Want to Live Like a Republican, Vote Democratic

PERRspectives: Sorry, Mitt: If You Want to Live Like a Republican, Vote Democratic
Unfortunately for Mitt and his fawning supporters, the historical record shows that from economic growth and job creation to stock market performance and just about every other indicator of the health of the U.S. capitalism, the modern U.S. economy has almost always done better under Democratic presidents. Despite GOP mythology to the contrary, America generally gained more jobs and grew faster when taxes were higher (even much higher) and income inequality lower. And while the U.S. recovery from the Bush recession remains painfully slow, most economists - including the nonpartisan CBO and some of John McCain's own 2008 advisers - believe President Obama saved the American free-enterprise system from the abyss. As Harry Truman famously put it:
"If you want to live like a Republican, vote Democratic."