Democrats appear to be vastly superior in creating jobs and economic growth

[silentkisser]

Today, US Jobless claims fell to a 52-year low, under Biden's watch.

Weekly jobless claims fall to 184,000, the lowest level in more than 52 years

Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969.

www.cnbc.com

This economist also looked at job creation over the past 33 or so years. And, since the fall of the Berlin wall, the US has created 42 or so million jobs. 95% of this came under Democrats...

https://twitter.com/i/web/status/1466803827009589250

Check out the full Twitter threat to see more examples.

And here is an article about it:

Blockbuster Feb Jobs Report - 12m Jobs, Biden Boom Keeps Booming!

Friday, February 3rd - The February BLS jobs report is out and it's a blockbuster - 517,000 new jobs created in January, almost 600,000 w/revisions to November and December!!!!! Additionally, BLS revised up their estimates from March of 2022 by more than 600,000 jobs.

www.ndn.org

It appears giving tax cuts to businesses and multimillionaires may not be the best way to ensure job creation.

I just think it's interesting how the GOP claims to be good on the economy, yet there is always stark evidence that it really isn't the case. It is also interesting how the US was in a recession when both Bush's and Trump left office, leaving a Democrat to pick up the pieces and get the economy humming...

Now, I will give a caveat here for Trump: He was faced with a unprecedented situation with COVID which resulted in economic turmoil and job losses that were not really due to anything he did per se. So, some of this is obviously skewed because of this. And, that being said, it is possible that if he took decisive action and showed leadership during the pandemic, he might have been able to spark a stronger recovery sooner. But, we'll never really know...

 

[Valcazar]

https://twitter.com/i/web/status/1468942295454134275

 

[saxon]

Now they have to find a way to deal with runaway inflation.

 

[jalimon]

Now they have to find a way to deal with runaway inflation.

Inflation is worldwide. Yes they will have to deal with it but to what extend? They will try many measures but they do not control everything.

And besides they will do better then the gop who are only good at cutting taxes for the riches and bringing law to radicalized the country.

 

[NotADcotor]

It appears giving tax cuts to businesses and multimillionaires may not be the best way to ensure job creation.

Or maybe they elect Republicans to fix issues so they get to deal with the shit while Democrats get to coast on the benefits.
It takes time for policy to have an effect. To dismiss the value of a lower tax on productive capital is not something that should be done so quickly.
It always bothers me when people of any party get the blame just because something happens on his watch.

Also Biden got in just in time for the covid rebound. You could have a turnip in power and they would go like gangbusters on job creation.

 

[oil&gas]

Democrats appear to be superior in creating carbon emission as well
as jobs. It seems likely Biden has already beaten Trump in growing
carbon emission.

 

[silentkisser]

Or maybe they elect Republicans to fix issues so they get to deal with the shit while Democrats get to coast on the benefits.
It takes time for policy to have an effect. To dismiss the value of a lower tax on productive capital is not something that should be done so quickly.
It always bothers me when people of any party get the blame just because something happens on his watch.

Also Biden got in just in time for the covid rebound. You could have a turnip in power and they would go like gangbusters on job creation.

That would make sense if that is what happened. Clinton inherited a recession and shity economy from Bush Sr. He gets things moving again during his two terms, and takes the budget from a deficit to a surplus for the first time since Nixon. Bush Jr. comes in and through some of his (and past presidents going back to at least Reagan), the economy takes a serious dump. The deficit goes from a $128B surplus to a $1.4T deficit. Obama comes in cleans up that mess, slashes the budget deficit in half, sparks a 11 year bull market and economic growth. Trump's tax cuts ballooned the deficit to just under a trillion bucks...When their party member is President, the GOP allow massive tax cuts and spend like drunken sailors. Then they become deficit hawks when it's a Democrat president. So I don't any Democrat president (at least since Carter) has had any benefit to having a GOP predecessor. Clinton, Obama, Biden have all had to clean up messes made by GOP presidents before them. None of them had the luxury of coasting....unlike Trump.

Now, in fairness to Trump, and as I've said previously, I can cut him some slack regarding the economic situation he faced near the end of his term. It would not have mattered who was President in March 2020, Trump of Clinton or FDR or Lincoln, there would have been a massive loss of jobs and economic turmoil due to Covid. Would the US economy have bounced back faster or more robustly if Trump did his job and worked to fight the virus instead of believing it was only affecting Blue States? Possibly. We will never know.

As for saying anyone could see this type of job growth, you are probably right. It likely would have happened if Trump was re-elected. But, it is also possible that things could have become bigger problems. I mean, say what you will about Biden, but I can see his cabinet gets shit done. While Pete Buttigieg might have been on leave, they got shit done and the issues at the port seem to have improved significantly. Considering how Trump's administration was disorganized at the best of times, I can only imagine what they would have done (or not done).

 

[silentkisser]

Democrats appear to be superior in creating carbon emission as well
as jobs. It seems likely Biden has already beaten Trump in growing
carbon emission.

Not sure how you get that idea, I mean, it's not like they were promoting coal use....

 

[ogibowt]

but they are completely inept at Realpolitik..............The Republicans kick their ass at every opportunity

 

[Valcazar]

Now they have to find a way to deal with runaway inflation.

It isn't runaway. I've lived through runaway.

They need to pass BBB and get things moving and it will calm down.
If they panic and overreact like Carter did, things will get fucked up.

 

[Valcazar]

Or maybe they elect Republicans to fix issues so they get to deal with the shit while Democrats get to coast on the benefits.

The history actually implies the opposite.

It always bothers me when people of any party get the blame just because something happens on his watch.

Also Biden got in just in time for the covid rebound. You could have a turnip in power and they would go like gangbusters on job creation.

This part is true - Presidents are credited and blamed with too much concerning what goes on with the economy.
The last part is also probably a factor. Democrats coming in to fix the messes caused by the GOP has probably contributed to this disparity.
Jobs get added in a recovery at a much faster clip usually and the Dems have probably benefited from that.

 

[Valcazar]

but they are completely inept at Realpolitik..............The Republicans kick their ass at every opportunity

Assuming you mean the " politics based on practical rather than moral or ideological considerations " definition (since the word is otherwise usually used only about international policy) then yes - that's a major problem.

The GOP makes moves based almost entirely on practical seizure of power. There is no moral component and barely an ideological component. There is no interest in actually governing or accomplishing things.
Power not as means, but as end.
This is a problem because it is very difficult to deal with that in a democracy as badly designed as the USA when one party has embraced this realpolitik approach.
(It is difficult in any democracy, but the US one is particularly bad for dealing with this structurally)

 

[Moviefan-2]

There are lies, damned lies and statistics.

Even a cursory glance points to the obvious problem with this analysis - it is based on false assumptions of cause and effect.

Two examples:

- The job boom in the 1990s. Most of that was due to the dotcom bubble, not the policies of the Clinton administration. The Clinton policies that were the most effective were primarily tax cuts, hardly a testament to the Democrats' economic philosophy.

- The job growth this year is due to the economic recovery from the pandemic. The primary reason the lockdowns have ended and the economy is recovering is because of the vaccines that were developed while Trump was president. Meanwhile, the job growth in the U.S. this year under Biden has consistently underperformed expectations.

You should never trust a researcher with a political bias.

 

[oil&gas]

Not sure how you get that idea, I mean, it's not like they were promoting coal use....

They were not promoting coal use but taking into consideration
their talks about the urgent need to address climate change Biden
the Democrats can be said to be no more climate-friendly than
Trump.

U.S. calls on OPEC and its allies to pump more oil

U.S. President Joe Biden's administration on Wednesday urged OPEC and its allies to boost oil output to tackle rising gasoline prices that they see as a threat to the global economic recovery.

www.reuters.com

U.S. holds historic oil and gas lease sale in Gulf of Mexico days after climate summit

The Biden administration is opening more than 80 million acres in the Gulf of Mexico to auction for oil and gas drilling.

www.cnbc.com

Biden’s net-zero climate policies drive a 23% hike in U.S. coal usage

Donald Trump vowed to revive the coal industry, but it’s President Joe Biden who’s driving a big comeback of the dirtiest fossil fuel.

www.worldoil.com

 

[jcpro]

Inflation is worldwide. Yes they will have to deal with it but to what extend? They will try many measures but they do not control everything.

And besides they will do better then the gop who are only good at cutting taxes for the riches and bringing law to radicalized the country.

Inflation stops and starts with the governments, always. The only way to control it is to tighten the money supply.

 

[K Douglas]

These Biden stans are providing some epic comic relief

 

[kherg007]

At some point you need some fact to base the judgement. GDP is good. Unemployment rate too. These aren't perfect but they beat internet blowhards pulling opinions out their ass.

I saw 2.4% GDP growth described as "pathetic" in 2015 but "roaring" in 2017.

Under D presidents deficits less, unemployment less, GDP growth more.

 

[Moviefan-2]

These Biden stans are providing some epic comic relief

It's a shame the Biden spin job isn't convincing anyone. NPR released a poll today that shows only 38% of Democrats strongly approve of the job Biden is doing.

The same poll says voters overall have soured on the direction of the country.

 

[jcpro]

It's a shame the Biden spin job isn't convincing anyone. NPR released a poll today that shows only 38% of Democrats strongly approve of the job Biden is doing.

The same poll says voters overall have soured on the direction of the country.

It's very difficult, Carter found it impossible, to spin away the gas prices or the grocery bills.

 

[JohnLarue]

Inflation is worldwide. Yes they will have to deal with it but to what extend? They will try many measures but they do not control everything.

And besides they will do better then the gop who are only good at cutting taxes for the riches and bringing law to radicalized the country.

The inflation is being driven by the US govt printing press

the usd is the reserve currency of the world, all commodities are priced in USD, almost everything else too
the M1 Money Supply increased by 25% in just two weeks in Nov
Money Supply Rockets 25% In Just Two Weeks: Got Gold? | Seeking Alpha

gasoline tossed onto the fire

excessive inflation is far more damaging than higher than average unemployment
excessive inflation negatively impacts far more people