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2020 US Presidential Election

momoichi
nah you can tell me in your own words just a simple answer, how does a democrat making the country better actually have republicans responsible to take the credit away from democrats?
alephy
I guess when you say better. You mean better economically?
momoichi
yes, jobs growth and economy growth the reasoning behind it being that as democrats are for more social safety nets for its citizens the citizens can then be more adventurous with their money, not having to worry as much about spending it they also start up new businesses more often or expand them because, again, social safety nets give them that security in doing so
momoichi
my sauce https://www.jec.senate.gov/public/_cache/files/309cc8e1-b971-45c6-ab52-29ffb1da9bf5/jec-fact-sheet---the-economy-under-democratic-vs.-republican-presidents-june-2016.pdf
momoichi
dude trump is literally saying that antifa controls biden and you people think biden is the one with mental issues, hot damn
alephy
I already stated that it is objectively true that the economy performed better under democratic presidents then under republicans presidents. But you're missing that point. It is a lot more nuanced that how you stated it. Even in the study that you posted, basically says almost exactly what I said. "These results should be interpreted with caution, since numerous external factors can impact the economy, including demographic trends, the strength of foreign economies and actions by the Federal Reserve. " The key word there is the federal reserve. The federal reserve has majority control over the economy. The federal reserves controls the money supply. Not congress or the president has the level of control over the economy like the federal reserve has. The study that you posted also states: "Blinder and Watson paper concludes that the “large and significant” performance gap between the economy under Democrats and Republicans is predominantly due to factors that “might be considered blends of good policy and good luck,” in particular lower oil prices and higher productivity growth." It also partly due to luck based on oil prices. Mixed with chairs of the federal reserve that outperformed under democratic vs republican administration. Here's the longer study as to why the economy generally performs better under Democrats then under Republican presidents. The study did give reasons like better oil prices and better monetary policy from the fed. But the study did not point to an exact reason. https://www.princeton.edu/~mwatson/papers/Presidents_Blinder_Watson_Nov2013.pdf
tiddy
Sep 01, 20 at 3:45pm
This account has been suspended.
momoichi
but what wer ultimately talking about is which party is better for the economy as well as jobs growth, and it seems like your throwing away the fact that the country preforms better in these ways under democrats than republicans, and to say that 'it might be luck' does not discredit the research. these are the findings over years and years. so i would say, and i think this is only logical, that despite the multiple variables that do go on to coincide with these results, it is a net positive over all. do you disagree that the economic and jobs growth under democrats is not a net positive for the country?
momoichi
@tiddy the dude literally said that the black teens that were found innocent in that rape should have been killed anyways he's a sociopath but 'muh 5d chess'
alephy
I'm not trowing away the fact. The economy grows more under democrats then under republicans. That is true. But a correlation does not equal causation. Economic booms and bust are mainly controlled by the the chair of the federal reserve. It ultimately doesn't matter if it's a democrat or republican in the presidency. The chair of the fed controls the economy. It just so happens that democrats were in charge when the fed had better monetary policy. When the economy does bad. People should mostly be mad at the chair of the fed.
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