Bruce » 06 Jul 2023, 4:11 pm » wrote: ↑ During the Reagan era, the Democrats desperately tried to cherry pick the economic numbers for bad news.
My favorite was, the Dems would say that inner city black youth unemployment was rising!
Meanwhile Reagan just steamrolled the Democrats in 1984.
The Republicans this time around have to just sit there and watch a booming Biden economy. It must hurt. They can always talk about Hunter’s laptop and trannies, and try to investigate the FBI and the Justice Department.
But unless there’s a recession they are screwed.
As employment goes up, so do corporate profits and growth, and the budget deficit falls from higher revenue and lower poverty spending. It’s a virtuous cycle that lifts all boats.
Until the next recession, which will fall from a clear blue sky. They always have.
But they never last long.