Seems crazy, no? I looked up the GDP Growth by year since 1980.
I looked up who was President.
I then averaged the GDP growth for each President. I used the year AFTER the President assumed office until the year AFTER he left. Ex: Reagan's average is from 1981-1989. Reagan was elected in November 1980. He left office in January 1989. His economic policies wouldn't have any effect on 1980 and they would likely continue to impact 1989, right?
Here's what I found.
President/Avg. GDP Growth
Reagan/3.64%
GHW Bush/2.03%
Clinton/3.66%
GW Bush/-1.64%
Obama/2.15%
I used estimated growth of 2.2% for 2017 based on a report from Kiplingers. The WSJ put it at 2.5%.
Obama's GDP growth (after the worst economic collapse since the great depression) was better than GWH Bush or GW Bush. Fun fact: Clinton raised taxes, and yet grew the economy more than Reagan...who, come to think of it, also raised taxes some 11 times.
Huh.
Data is here.
PS: I dropped out of macro in college (the only course I ever dropped!) so I'm open to being corrected on any of the above.
Monday, December 18, 2017
Tuesday, December 5, 2017
The GOP Abandons Morality & the Constitution
Forget the allegations of sexual harassment of minors. The GOP has abandoned the rule of law in backing Roy Moore. See this piece from the Atlantic, The Lawlessness of Roy Moore. He doesn't care about the Constitution. He's here to enforce his Christian God's law on earth. Period. The Constitution is subservient to that end, a contract drawn up by mortals. Roy speaks for GOD!
But first the GOP abandoned morality in nominating a lying, wife-cheating, godless, draft-dodging, 1980s-steakhouse cheeseball in Donald Trump. The GOP has, since DJT's inauguration, also abandoned the Constitution in allowing him to remain in office after committing numerous offenses that qualify him for impeachment. I make this claim based on Alexander Hamilton's Federalist Paper #65 in which he describes the court for the trial of impeachment like this: "A well constituted court for the trial of impeachments, is an object not more to be desired than difficult to be obtained in a government wholly elective. The subjects of its jurisdiction are those offenses which proceed from the misconduct of public men, or in other words from the abuse or violation of some public trust." The misconduct of public men. Abuse or violation of some public trust. It bears repeating. He goes on to describe the subject of an impeachment trial: "They are of a nature which may with peculiar propriety be denominated POLITICAL, as they relate chiefly to injuries done immediately to the society itself." The violations are POLITICAL not CRIMINAL. Trump accused Obama of wire-tapping him with no evidence. He fired Comey for pressuring him in the Russia investigation. You know how the rest of this song goes. The GOP has abandoned the rule of law in allowing Trump to remain in office (the emoluments clause!!) in a bloodthirsty lust for tax cuts that satisfy their keepers -- the donor class who keeps them in office.
So first they pulled their support for Roy Moore when the allegations of sexual assault surfaced. They said he wouldn't be seated in the Senate if elected. Now that it looks like he could win, now that they realize how fragile their grip on the Senate is, Roy's their boy. Morality is for losers.
The GOP (I'm indicting the party itself and its leaders, not necessarily everyone who's ever voted Republican, as I have in the past) has abandoned morality and the Constitution. But they got their corporate tax cuts so it's all good.
But first the GOP abandoned morality in nominating a lying, wife-cheating, godless, draft-dodging, 1980s-steakhouse cheeseball in Donald Trump. The GOP has, since DJT's inauguration, also abandoned the Constitution in allowing him to remain in office after committing numerous offenses that qualify him for impeachment. I make this claim based on Alexander Hamilton's Federalist Paper #65 in which he describes the court for the trial of impeachment like this: "A well constituted court for the trial of impeachments, is an object not more to be desired than difficult to be obtained in a government wholly elective. The subjects of its jurisdiction are those offenses which proceed from the misconduct of public men, or in other words from the abuse or violation of some public trust." The misconduct of public men. Abuse or violation of some public trust. It bears repeating. He goes on to describe the subject of an impeachment trial: "They are of a nature which may with peculiar propriety be denominated POLITICAL, as they relate chiefly to injuries done immediately to the society itself." The violations are POLITICAL not CRIMINAL. Trump accused Obama of wire-tapping him with no evidence. He fired Comey for pressuring him in the Russia investigation. You know how the rest of this song goes. The GOP has abandoned the rule of law in allowing Trump to remain in office (the emoluments clause!!) in a bloodthirsty lust for tax cuts that satisfy their keepers -- the donor class who keeps them in office.
So first they pulled their support for Roy Moore when the allegations of sexual assault surfaced. They said he wouldn't be seated in the Senate if elected. Now that it looks like he could win, now that they realize how fragile their grip on the Senate is, Roy's their boy. Morality is for losers.
The GOP (I'm indicting the party itself and its leaders, not necessarily everyone who's ever voted Republican, as I have in the past) has abandoned morality and the Constitution. But they got their corporate tax cuts so it's all good.
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