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View Diary: Voter's top priority: jobs. GOP's agenda: Everything but. (62 comments)

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  •  GOP is claiming credit for jobs already (6+ / 0-)

    I think it was on The Rachel Maddow Show last night.

    The myth is always that the economy improves and job numbers improve when Republicans are in power and even the moment they get elected.

    The opposite is true. But THEY own the media.

    Media Reform Action Link

    by LNK on Thu Jan 20, 2011 at 02:28:22 PM PST

    •  That's actually not the myth (3+ / 0-)
      Recommended by:
      Sherri in TX, Matt Z, ontheleftcoast

      The myth is that it takes a few years for economic policies to have an effect.

      So, the job growth during the Clinton years was the result of Reagan's economic policies.  The bad economy during the Bush years, and particularly the market crash, are the result of Clinton's economic policies.

      •  But they turned it around in a heartbeat (2+ / 0-)
        Recommended by:
        Matt Z, Loge

        The day after he was elected, one single fraggin' day after the 2008 election, Hannity called the economic problems, "Obama's Recession". They pin all failures on Democrats and heap success on Republicans. I think it's because time and space warp from the gravity well around Limbaugh's ass.

        I have a purpose in life, I am my cat's doorman.

        by ontheleftcoast on Thu Jan 20, 2011 at 02:42:19 PM PST

        [ Parent ]

      •  that's actually true. (0+ / 0-)

        Clinton's budget surplus hurt the economy and helped create the crisis in 2001.  Having a budget surplus is bad for the economy.  Having a reasonable deficit is good.

        In the same way, Reagan's deficits were good for the economy.  Both FDR and Reagan ran for president against the deficits their predecessors created, then once elected, created much bigger deficits, and brought back growth.  Of course, the people who benefited from FDR's stimulus and Reagan's were very different.

        On the other hand, Reagan's early attempts at monetary policy were disastrous across the world, but eventually resulted in a strong dollar, which brought down oil prices and created conditions in which oil importers like us could have some economic success.  It just crippled oil exporters like Iraq and Mexico.

        "Intolerance is something which belongs to the religions we have rejected." - J.J. Rousseau

        by James Allen on Thu Jan 20, 2011 at 02:44:07 PM PST

        [ Parent ]

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