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View Diary: Obama did not go on federal spending binge. Pace of increase now lowest it has been in decades (103 comments)

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  •  I'm currently reading the book mty grandfather (14+ / 0-)

    wrote in 1927 Forecasting Business Conditions.

    Yesterday while riding my exercise bike I read a section in which he talked about how much political hay Republicans made out of the depression that occurred under Democratic President Cleveland. He then pointed out how odd it was in turn that Democrats did not seem to get as much credit for turning things around or for the economic trouble that occurred under later Republican Presidents in the 1920's.

    His overall point was that changes in which party was in power didn't have all that much real effect on the actual economy (this is pre-New Deal economies) but he did find it interesting how the Republicans were better able to claim credit as the economic party and Democrats weren't.

    I guess some things never change.

    "Do what you can with what you have where you are." - Teddy Roosevelt

    by Andrew C White on Tue May 22, 2012 at 12:53:21 PM PDT

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