When it comes to the economy and economics for the past 90 years of Presidential terms, one would think the media and so called business community would understand best why the economy under President Biden has done so well especially at creating jobs, lowering unemployment and being responsive. The record for the past 90 years tells the story of what is taking place. And it was all written in PolitiDose commentary in December 2020 and January 2021 before Biden took office. And as of this writing the negative voices, the media and the business community still don't understand why the economy has been so strong for the past 30 months.
The media is well known for going with the negative talking points of recession for the past year only to be out of step with the facts. The ignorance is shameful because it is all misinformation and if they studied the economic information and policies of past democratic administrations in the past 90 years they would find a precedent for what is taking place in the economy today. Just take one economic stat: No GOP administration who followed a democratic administration created as many jobs as the democratic administration it followed. Not even Reagan. The economy created 10.3 million jobs under President Carter in 4 years. Under Regan's first 4 years 5.3 million jobs were created.
There is no economic stat where a GOP administration can claim to have done a better job than the democratic administrations in that 90 year period. The record is clear, the past can be used to determine the future and PolitiDose commentary was there to predict the economic failure of the Bush 43 and Trump administrations and how President's Obama and Biden would reverse the economic damage inflicted by those two GOP Presidents.
And those who are too ignorant to explore and report the facts, continue the ignorant behavior for almost 3 years, shame on you. For a more detailed commentary on past administrations economic facts check PolitiDose Commentary dated March 19, 2021 titled, "Presidential Leadership" The Economy and Fiscal Matters the Last 40 Years. The bottom line facts tell us that democratic administrations are better at governing fiscal and economic matters because they govern by policies to meet the issues. The GOP govern by an extreme ideology that is anti-American in nature and therefore never relates to the real issues. Yes my fellow Americans, understanding the mistakes of the past is still the key to a better future. Trump and his ditto head GOP are still living in the failed past.
This commentary written by Joe Lorio
