With Trump in office, you’re going to need something a lot stronger than a red or white whine. RepubliCONs CONsistently crash the economy, and PROgressives are left with the messy job of cleaning up after them.
History of financial and fiscal failure of Republican conservatives:
Harding/Coolidge/Hoover: Great Depression, Wall Street Crash, widespread bank failures, turned around by FDR. Prosperity for the next 35 years under Democratic (and one liberal Republican) presidents.
Nixon/Ford: Nixon’s wage/price controls and Ford’s “WIN” (Whip Inflation Now) buttons as inflation and interest rates zoom upward under the management of Fed Chair Arthur Burns (appointed by Nixon), turned around by Federal Reserve Chairman Paul Volcker, appointed by much underestimated Jimmy Carter in his last year as president and serving in Reagan’s first years, reversing high interest and inflation rates.
Reagan/Daddy Bush: Collapse of S&L’s, then-record budget and trade deficits, Wall Street Crash in 1987 after replacing Volcker with Alan Greenspan; last president to have higher unemployment than what Bush left to Obama. War on working people, unions and the middle class. Turned around by the Clinton prosperity and record budget surpluses.
Dubya Bush: Total economic meltdown, new record deficits, widespread failures of financial institutions and real estate markets, turned around by Obama’s unprecedented market expansion and record number of months of consecutive job gains and reduced unemployment.
Now Trump is going to learn the limits on how long he can ride the Obama momentum before massive deficits, tax giveaways at the top and loss of protections for workers, consumers and our shared environment cause a massive collapse that will benefit only himself and his cronies.
Why would anyone ever trust those who keep breaking it (and obstructing the efforts to undo the damage) to fix it?
April 12, 2017
May 10, 2018
June 11, 2017
July 06, 2017
November 24, 2017
December 06, 2017