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Saturday, November 16, 2024

Contrary to Rumors, Democrats Are Better at the Economy

By Froma Harrop, RealClearPolitics

“There’s this myth that Republicans are good for the economy because they’re better at controlling deficits. History suggests the opposite. “The federal budget shortfall shrank by half to roughly $1.4 trillion in fiscal 2022,” says The Wall Street Journal. To which I’ll add ‘under Biden.’

“In the first two years of Donald Trump — before COVID hit and made things far worse — the national debt grew by $3.25 trillion. Bear in mind that Republicans controlled both houses of Congress most of that time so you couldn’t blame Democrats for the poorly controlled spending — and certainly not the deficit-exploding (rich people’s) tax cut.”…

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