Another First For PolitiDose

This writer for the past 9 years has written commentary showing how precedent can be used to judge what administrations are best at governing concerning the economy, job creation, balancing the federal budget, creating surpluses, lower unemployment, lower deficit spending, keeping America safe, lower increases in the national debt, overall reduction in spending and precedent and facts tells us it is the democratic party.  But one never hears that from the republicans or the news media in general or the financial sector.

Now comes Mr. Sam Stovall, Chief Investment Strategist for the research firm CFRA who reports that every republican President since Teddy Roosevelt (yes you read that right) has experienced a recession in his first two years in office.  And that 9 of the past 10 recessions in history have begun with a republican in the White House and that republican Presidents Eisenhower, Nixon and George W. Bush have presided over multiple economic contractions.  Of course the readers of PolitiDose have known democratic administrations have managed the economy much better than republican administrations and over a long period of time and it was read right here first in PolitiDose long ago.

The news media and republicans have been able to convince a good share of voters that it is republican administrations that handle the economy best and facts don't seem to be the news medias interest on the subject matter.  They know the failures of Reagan and Bush's trickle down economics tax cuts but still pushed the Trump-GOP's recent tax cut scheme without real comments about the republican party's past sad record on the economy and tax cuts.

Mr. Stovall's comments are a little late but welcome and better late than never with the facts.  PolitiDose will continue to bring the facts to the people to balance the lack of good reporting by the news media in general, the fake news that comes out of the republican party and the financial industry.  And it should be worthwhile to repeat again in PolitiDose what Mr. Stovall failed to report that goes along with the republican party's sad record.  The three worst bank failures took place on the watch of Herbert Hoover, Ronald Reagan and George W. Bush.  And like the economic failures that took place on the republican watch alluded to by Mr. Stovall were not just a coincident.

Those who are willing to accept the facts will not be surprised if the country goes into another recession on Donald Trump's watch.


This commentary written by Joe Lorio