ECONOMY  
comments_image -

Why McCain and the GOP Are So Afraid of Discussing the Economy

Whether rich, poor or somewhere in between, Americans always do better economically under Democrats.
September 5, 2008  |  
 
Advertisement
 

For too long, Democrats have been derided as economically clueless tax-and-spenders. No wonder Americans so often vote against their own common interests.

We should know better. And now we do.

Alan S. Blinder, in the New York Times, drew recently from Unequal Democracy, a new book by Princeton political science professor Larry M. Bartels. His takeaway could be a game-changer:

Over the last six decades, whether rich or poor, everyone has done better with Democrats in the White House.

And that is just the nondivisive, universal note that Barack Obama needs to hit and keep hitting, in response to the Republican National Convention, and in debates and in the press. So let's tell our McCain-leaning friends and family about this -- and also encourage the Obama campaign to make sure this message gets heard. It's easy: Just fill out this form. Among the most striking points:

  • From 1948 to 2007, the average annual growth of real gross national product was 1.64 percent per capita under Republican presidents versus 2.78 percent under Democrats. Put another way, real per capita GNP grew 69.5 percent faster under the Democrats.
  • Blinder notes that this 1.14-point difference over eight years would yield 9.33 percent more income per person -- and that's a lot more than most of us could expect from a tax cut.
  • The best-off families (the 95th percentile) fared almost as well under Republican as under Democratic presidents (1.90 percent growth per year, versus 2.12 percent).
  • Families at the 20th percentile (the poorest) did significantly better under Democrats than under Republicans. (2.64 percent versus 0.43 percent). Consider this: Eight years of a 0.43 percent annual rate of growth increases a family's income by 3.5 percent, but eight years at 2.64 percent raises it by 23.2 percent!
  • Income inequality in the United States has been rising for about three decades, especially in recent years. Over the entire 60-year period, writes Blinder, "income inequality trended substantially upward under Republican presidents but slightly downward under Democrats, thus accounting for the widening income gaps overall."

Now is the time to bury forever the false portrayal of the Democrats' economic record and replace it with these hopeful facts.

AlterNet is a nonprofit organization and does not make political endorsements. The opinions expressed by our writers are their own.

Frances Moore Lappé is a democracy advocate and world food and hunger expert who has authored or co-authored 16 books.
submit to reddit

-
Email
Print
Share
LIKED THIS ARTICLE? JOIN OUR EMAIL LIST
Stay up to date with the latest Economy headlines via email
See more stories tagged with: economy, election08
Alternet Special Coverage - Occupy Wall Street
Advertisement
Most Read
Most Emailed
Most Discussed
On REDDIT
On DIGG
 
loading most read content ..
Advertisement
Employers Have Had to Provide Birth Control Coverage Since 2000

By Joan McCarter | Daily Kos

 
 
Who Cares What The Bishops Think? Old Catholic Guys Do.

By Sara Robinson | Alternet

 
 
Coup in Maldives Threatens Ousted President Mohamed Nasheed, a Leading Voice for Island States Threatened by Global Warming

By Amy Goodman | Democracy Now!

 
 
Finally! Trader Joe's Signs on to Fair Food Agreement for Farm Workers

By Tara Lohan | AlterNet

 
 
The Inside Scoop on the Budding Romance Between Walmart and Monsanto

By Maria Tchijov | Food and Water Watch

 
 
North Carolina Considering Amendment That Would Roll Back the Rights of Both Gay and Straight Couples

By Jonathan Weiler | Independent Weekly

 
 
Ellen Degeneres Strikes Back at Anti-Gay Bigots Who Are Boycotting JC Penney Because She's Their New Spokesperson

By Lauren Kelley | AlterNet

 
 
Unbelievable: Man Beats Wife, Judge Orders Him to Take Her Out to Red Lobster and the Bowling Alley

By Melissa McEwan | Shakesville

 
 
Activists Gathering at Apple Stores Around the World Today to Protest Awful Treatment of Chinese Workers

By Lauren Kelley | AlterNet

 
 
Today's Mortgage Settlement: Mega-Banks Got a Slap on the Wrist for Trampling the Law (We Probably Don't Even Know the Half of It)

By Robert Borosage | Campaign for America's Future

 
 
 
Reverend Billy Talen
 
 
 
loading ...
POWERED BY DIGG'S USERS
 
[ page served from web 2 ]