It’s so weird! It’s as if something, or someone spooked industry. Sometime around mid summer 2024. As if uncertainty was introduced as a possibility for companies contemplating whether they can expand and hire. Strangely, in January of 2025 the numbers just crater! What element of chaos and uncertainty could have been the factor to this MASSIVE slump!? 🤔 It’s perplexing…
This myth that Republicans are better for the economy needs acknowledgment for the absolute fantasy that it is! Numbers don’t lie.
1992: 12 years of Republican control. Recession.
2000: 8 years of Democratic control. Balanced budget; surplus.
2008: 8 years of Republican control. Largest recession since the Great Depression, bank and housing crisis.
2016: 8 years of Democratic control: housing market stabilized, largest middle class economic gains in generations, no inflation, record low unemployment.
2020: 4 years of Republican control. Over 25% national debt increase overall (meaning, a quarter of the all time debt until this newest tax cut for the wealthy in the OBBB. Quarter of the ALL TIME), Stock Market at lowest levels in decades, record high unemployment, rising inflation.
2024: 4 years of Democratic control. 2 years of record highs in stock market, record low unemployment, CHIPS & IRA oversaw decades long record manufacturing jobs increase, inflation from debt increase down from the high 8.9% to 2.4%, dubbed “the envy of the world” for its economic recovery from covid.
Now. Rising inflation, near 1/3 increase in OVERALL national debt from tax cuts for the rich, rising unemployment, one more quarter of economic shrinking it’s officially a recession, over 12,000 manufacturing jobs lost, minimum sweeping 10% tax increases from imported goods upwards of 50% .
Republican fiscal responsibility is more of fairy tale than Mother Goose. The GOP comes in, deregulates everything, cuts wealth and corporate taxes, promotes fraud and corruption, crashes the economy, the working poor, previously the middle class suffers, Dems are forced clean up after them.
Why not just skip the step of wrecking our economic wellbeing and reject Republican control and policies? Look back at the track record over the last 40 years. Save some headache?…