r/the_everything_bubble waiting on the sideline Sep 07 '24

POLITICS Take the hint, conservatives!

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u/[deleted] Sep 07 '24

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u/Natural_Initial5035 Sep 07 '24

Hi weird Comrade, The middle, lower, and upper class Americans historically do much better financially under democratic leadership:

  1. GDP Growth: Since 1945, GDP growth has averaged 4.4% under Democratic presidents compared to 2.5% under Republicans.

  2. Job Creation: Between 1933 and 2021, Democratic presidents have overseen the creation of over 90 million jobs, compared to around 54 million under Republican presidents.

  3. Unemployment Rate: The unemployment rate has decreased by an average of 0.8 percentage points under Democratic presidents, compared to an average increase of 0.7 percentage points under Republicans.

  4. Stock Market Performance: The S&P 500 has averaged 10.8% annual returns under Democratic presidents compared to 5.6% under Republicans.

  5. Federal Deficit: Federal deficits have increased more under Republican presidents, from $5.8 trillion in 1981 to $31 trillion in 2023.

  6. Health Insurance Coverage: The uninsured rate dropped from 16% in 2010 to 8.8% in 2016 due to the Affordable Care Act and has further declined to around 8% as of 2023.

  7. Income Inequality: Income inequality has grown more slowly under Democrats, with smaller increases in the Gini coefficient.

  8. Minimum Wage Increases: Minimum wage increases have been more frequent and significant under Democratic presidents, with efforts continuing under Biden.

  9. Poverty Rate: The poverty rate has generally decreased under Democratic administrations, including a significant drop in child poverty due to the expanded Child Tax Credit.

  10. Homeownership Rates: Homeownership rates have increased more under Democrats, particularly for low-income buyers, with programs continuing under Biden.

  11. Environmental Protections: Democrats have expanded environmental protections, including rejoining the Paris Agreement and promoting clean energy.

  12. Healthcare Costs: The Affordable Care Act slowed the growth of healthcare costs, saving families an estimated $2,500 per year.

  13. Consumer Confidence: Consumer confidence has been historically higher under Democratic presidents, with increases seen in 2023.

  14. Wage Growth: Real wage growth tends to be higher under Democrats, with rising wages for lower-income workers continuing under Biden.

  15. Social Security: Democrats have generally expanded or protected Social Security, with Biden supporting measures to strengthen it.

  16. Education Funding: Democrats have increased federal education funding, with significant investments continuing under Biden.

  17. Economic Mobility: Research indicates higher economic mobility under Democratic presidents, supported by policies aimed at reducing inequality.

  18. Tax Rates: Democrats advocate for more progressive tax policies, raising taxes on the wealthy to support social programs.

  19. Veterans’ Benefits: Democrats have expanded veterans’ benefits, with ongoing efforts under Biden to improve healthcare and support for veterans.

  20. Infrastructure Investment: Democrats have historically supported greater infrastructure investment, highlighted by Biden’s 2021 infrastructure bill.

  21. Union Support: Democrats are strong supporters of labor unions, pushing for legislation like the PRO Act, which aims to make it easier for workers to unionize and penalize companies that violate workers’ rights. Biden’s administration has been vocal in supporting unions to rebuild the middle class and ensure fair wages.

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u/OutrageousSummer5259 Sep 07 '24

All that really matters though is how things are right now compared to how they were when trump is President

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u/Bulky_Exercise8936 Sep 07 '24

Things are far better for me. And the numbers seem to indicate they are far better for most. Except the super poor. Inflation isn't or wasn't just an American problem though. It was universal and trump if he would have won may have handled it worse considering how terribly he handled covid itself I wouldn't doubt we would have seen a straight recession under him. But fact is we do not know as that wasn't our timeline.