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9.14.2008 ||>   More Politics

Wow - an article from the New York Times lays it out better than anything here.

Data for the whole period from 1948 to 2007, during which Republicans occupied the White House for 34 years and Democrats for 26, show average annual growth of real gross national product of 1.64 percent per capita under Republican presidents versus 2.78 percent under Democrats.

That 1.14-point difference, if maintained for eight years, would yield 9.33 percent more income per person, which is a lot more than almost anyone can expect from a tax cut.

This of course means we all get richer under Democrats than Republicans. Furthermore, the article goes on to say that:

[The data shows that] when Democrats were in the White House, lower-income families experienced slightly faster income growth than higher-income families — which means that incomes were equalizing. In stark contrast, it also shows much faster income growth for the better-off when Republicans were in the White House — thus widening the gap in income.

Basically, only the rich get richer under the Republicans, while everyone gets richer under the Democrats. That's something that I wondered about all along, but didn't have the data to back up until now.

But, uh, didn't you know McCain was a POW? And Obama belongs to a wacky church?

Labels: politics

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