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Thom Hartmann reminds us once more that the Republican Party is BAD for business - and bad business [1]
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Date: 2023-08-30
Writing at Alternet, Thom Hartmann has put together a summary of the long history of GOP actions that have been bad for business and bad for America too. With the media narrative pushing the idea that the economy is a disaster under Biden (Hint — it’s not), it’s worth looking at the real story. A sampling:
..Between 1933 and 2020 there were 14 American presidents, 7 Democratic and 7 Republican. The economy during this time grew at an average rate of 4.6% under the Democratic presidents, but only an anemic 2.4% under Republican presidents. For example, the economy has grown three times faster under Biden than under Trump. Ten of the past 11 recessions began under Republican presidents, although lifelong Republican and Trump Fed appointee Jerome Powell seems hell-bent on producing one for Joe Biden, just in time for the 2024 election. Republican presidents have exploded the national debt, while the only balanced budgets out of the past 60 years have been presented by Democratic presidents Carter, Clinton, and Obama.
There’s much more. Read the whole thing. Hartmann does a good job documenting the atrocities:
..The simple reality is that Republicans have no coherent plans for the American economy beyond more tax cuts for their morbidly rich donors and more deregulation of the very largest and most polluting corporations. To compensate for this deficiency, they push hate against queer people, public school teachers, women, and dark-skinned immigrants...
(For a 2018 take on the same lines by Kevin Drum at Mother Jones, see “GOPus delendus est”)
Inequality in America is at record levels, and it’s Republicans who have made it happen. They’ve shrunk the middle class, pulled up the ladders that enabled people to move up, and starved government of the resources needed to serve the common good.
Anyone who tells you Republicans are good for business and good for America needs to look at the record. It’s clear and it’s not good.
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https://www.dailykos.com/stories/2023/8/30/2190498/-Thom-Hartman-reminds-us-once-more-that-the-Republican-Party-is-BAD-for-business-and-bad-business
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