PLA had an article on inflation: For the twenty years in which Republican presidents submitted a budget, the inflation rate averaged 4.96%. For the twenty years in which Democratic presidents submitted a budget, the inflation rate averaged 4.26%. To read the entire article, click on Just for the Record Part V.
Kelsey Golden in September of 2008 posted an article on ScoopThis.org illustrating relationships between state unemployment rates, controlling political party, and state income taxes. 40% of the states with the unemployment rate higher than the national average are controlled by Republicans” 60% of the states with the unemployment rate higher than the national average are […Full Article]
Dan Ackman on Forbes.com did an analysis comparing Democratic presidents and Republican presidents. Employment gains per year from 1953-2001 were 1.684 million/year under Democratic presidents and 1.279 million/year under Republican presidents. Real Disposable Personal Income Growth per year from 1953-2001 was 3.65% under Democratic presidents and 3.08% under Republican presidents. To read the entire article […Full Article]
Laura Rowley on Yahoo Finance asked “what’s at the heart of the U.S. savings problem?” According to Ron Wilcox, professor at the Darden School of Business at the University of Virginia, the answer is “the widening gap between rich and poor. The concentration of income among the wealthiest 1 percent of Americans has roughly doubled […Full Article]
The Center for American Progress in April 2007 reported the following statistics on poverty in the U.S.A.: Persistent childhood poverty costs the U.S. an estimated $500 billion annually Poverty for a family of four is defined as annual family income below $19,971 12.6% of all Americans were below the above threshold in in 2005 31% […Full Article]
Pat Regnier from CNN Money described Senator Obama’s method to improve the economy as a “a fairly traditional Keynesian approach to managing a slump, designed to keep consumers and businesses spending until the storm passes. A similar logic was behind the two emergency tax rebates George W. Bush approved.” Mr. Regnier also described Senator McCain’s […Full Article]
John Tamny in Forbes in February 2009 mentioned the following: The top income tax rate in the 1950s was 91% and the S&P 500 rose 245% During the presidency of George W. Bush, “the combined federal tax on income and investment” was “lower than at any time post-World War II” and the S&P 500 fell […Full Article]