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Send this to the fiscal conservatives you know - the data is in, and Democrats are better at "the economy" than Republicans. Whether it is GDP growth, low deficits, spending control, wage and salary growth, job growth, or after-tax income growth, Democratic Presidents have historically done better jobs managing the economy than Republicans (or maybe the Republicans were just unlucky). Republicans also tend to use a more regressive taxation plan and, par for the course of modern up-is-downism, have higher government expeditures than "tax-and-spend" Democrats. Richard Kogan of the
Center on Budget and Policy Priorities has put together a
handy analysis for you. There is also an interesting chart of the efficacy of Bush's fiscal policy in bang-for-the-buck format (Bush was against 2 of the 3 most effective policies), and a break down of the sources of the current deficit (the war and the recession aren't the big one). (Yoink!
MaxSpeak)
Meanwhile, Bush demonstrated once again that he has a problem with fiscal discipline when he quietly signed a bill with about
$136 billion in corporate tax breaks on Friday.