Congressman Chris Jacobs is critical of Democrats' economic policies. In a press release Mr. Jacobs stated: “Once again, Democrats are playing games with our nation’s economic recovery. Nancy Pelosi is asking Republicans to act on a bipartisan basis to raise the debt limit so she can force through $3.5 trillion in unnecessary partisan spending.” Budgets reflect values and priorities. Republican budgets tend to focus on tax cuts for the rich while Democrats tend to focus on programs benefiting citizens.
It is the goal of both parties to create jobs and improve life for everyone. Historically speaking, Democrats create a better economic outlook than Republicans.
The American Economic Association issued a report in April 2016 which stated: “The U.S. economy has performed better when the president of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance. For many measures, including real GDP growth (our focus), the performance gap is large and significant.”
The U.S. Congress Joint Economic Committee, in comparing Democrats and Republican in June 2016, reported: “The data show that, since World War II, the economy has performed substantially better under Democratic presidents.”
The Bureau of Labor Statistics keeps a monthly total of net jobs added. Beginning with the Truman administration, six Democratic administrations in office 429 months added 70.5 million jobs while seven Republican administration in office for 475 months added 29.1 million jobs. Democrats averaged 164,000 jobs per month and Republicans averaged 61,000 jobs per month.
Again, budgets reflect values and priorities, and as the statistics and research show, Democrats' budgets improve the economy for everyone. It is Mr. Jacobs and his Republican cohorts that are trying to hurt our nation’s economic recovery.
WILLIAM FINE, Brockport