Another Republican administration will come to an end in two months with the economy in shambles, massive job losses, layoffs, rising unemployment, massive deficit spending, and debt. If that sounds all too familiar, it's because that is a description of the republican record and you read it first here on politidose in several articles going back to early this year.
Of the last three Republican presidents, Ronald Reagan did the best with the economy, but it too went into decline 18 months before he left office. He then turned the mess over to Bush 41 who never got hold of the economy and ended up losing his reelection bid to Bill Clinton.
All three Republican presidents repeated the same mistake. They never had a broad base economic policy to create a sustained economy or job creation and instead believed in trickle down economics. Neither Reagan, Bush 41, or Bush 43 balanced the budget in the 20 years they served, and they are responsible for the majority of the massive national debt which is now in excess of $10 trillion. It was less than one trillion dollars when Reagan took office.
The present Mr. Bush's failed policies are responsible for the massive melt down of the economy and the hardships facing our country. Republican administrations have repeated and will continue to repeat (if given the chance) the trickle down policy that favors the wealthy over the middle class and has resulted in the greatest transfer of wealth in history. No economy can be sustained if the middle class does not have the means and resources to fuel the economy. That is the shameful republican legacy. It was a Democratic administration led by President Clinton which presided over the greatest economy and job creation in the last 50 years and it was the Clinton administration that advanced the middle class.
Those three republican presidents had 20 years to achieve a sustained economy and job creation and help the middle class but they failed the test. It is time for a change. Vote Democratic on November 4.
