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They're Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010 Paperback – June 4, 2012

by Eric Zuesse (Author)

4.0 51 ratings

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The Democratic and Republican Parties are virtual opposites of each other in their economic records, going back to the earliest period for which economic data were available, around 1910. More than a dozen studies have been done comparing economic growth, unemployment, average length of unemployment, stock market performance, inflation, federal debt, and other economic indicators, during Democratic and Republican presidencies and congresses, and they all show stunningly better performance when Democrats are in power, than when Republicans are. These studies are all available online, and they are all summarized and discussed in this path-breaking book, which settles, once and for all, the question of whether there’s any significant economic difference between the two Parties. Not only is there a difference, but – shockingly – it always runs in favor of Democrats in power. There might be other types of reasons for voting Republican, but all of the economic reasons favor voting for Democrats. Regarding economic performance, the two Parties aren’t even close.

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CONTENTS

4: Democrats Are Better for the Stock Markets
10: Democrats Are Plain Better for the Economy
19: The Grand Old Prejudice Causes Economic Stagnation
40: Democrats Reduce, Republicans Increase, Government Deficits
46: Republicans Actually Win by Punishing the Nation
105: Conservatism Is Based Only on Faith
114: Trickle-Down vs. Percolate-Up Economics
122: Republicans Harm More than Just the Economy
123: Would Romney Be Better than Obama?
125: References/Sources

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Print length

126 pages
Language

English
Publication date

June 4, 2012
Dimensions

6 x 0.32 x 9 inches
ISBN-10

1880026090
ISBN-13

978-1880026090
See all details

Product details

Publisher ‏ : ‎ Hyacinth Editions (June 4, 2012)
Language ‏ : ‎ English
Paperback ‏ : ‎ 126 pages
ISBN-10 ‏ : ‎ 1880026090
ISBN-13 ‏ : ‎ 978-1880026090
Item Weight ‏ : ‎ 8 ounces
Dimensions ‏ : ‎ 6 x 0.32 x 9 inches

Best Sellers Rank: #2,341,457 in Books (See Top 100 in Books)
- #2,232 in Political Economy
- #3,914 in Economic Conditions (Books)

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4.0 51 ratings

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glenn h gude

Don't Be Fooled Again!

Reviewed in the United States on September 19, 2016

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Don't believe the hype being touted by one particular political party that continues to mislead the American people into supporting them. The economic facts as illustrated in this book clearly reveal that the American voter has been and is being sold a bunch of malarkey. As you reflect on history as suggested by this book, the stark contrast between the two dominant political parties will become evident. Now, there is no excuse to continue voting with your heart rather than your head.

2 people found this helpful

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Sharon

I feel it would better serve the readers by allowing the readers to form ...

Reviewed in the United States on June 6, 2017

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I have just begun reading the book and it clearly supports what I have felt in my heart all along - now I have facts to substantiate my feelings. So far, I only have two issues with the book: 1 - it should have been proof read at least one more time as I have found many grammatical errors (and not minor ones), and 2. the opinions stated should have been left out of the book. Even though I support the opinions stated in the book, by adding the opinions it cheapens the impact of the facts stated in the book. I feel it would better serve the readers by allowing the readers to form their own opinions based on the presented facts. But, that is my humble opinion. I would still recommend the book, however; it definitely offers conclusive facts that can easily be repeated in debates with people who still staunchly believe in the republican party.

3 people found this helpful

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Jorge Trullols

Demolishing the GOP (Grand Old Prejudice)

Reviewed in the United States on September 5, 2012

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Two months from the next presidential elections, this little book is a clarifying and necessary as it could ever be. Using only raw data, it shows what a rational mind could easily expect: that when the bigoted and prejudiced take the reigns of the country, everything goes for the worst. Ignoring the demands of reality is the first step to disaster.

7 people found this helpful

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Murray Duffin

Needs to be known

Reviewed in the United States on March 24, 2013

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The material in this book is very important. I had discovered several of the same elements and tried to make it available to Democrat candidates prior to the last election, so I can vouch for the veracity. I have taken away 2 stars because of the polemic tone of the book. The author 's style is certain to turn off the very people he needs to persuade. I hope the Democrat party will take the material and run with it aggressively, but without the polemics. Unfortunately the Dems seem to be unable to toot their own horn effectively and thus leave the Reps to create the narrative, regardless of veracity.

16 people found this helpful

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Kevin O'Connell

Fascinating economic data that proves that helping the middle class is the way to economic growth

Reviewed in the United States on June 5, 2016

Verified Purchase

A great deal of fascinating economic data is provided in a reader friendly manner.

However, the data itself is compelling enough, the extremely partisan tone of the book actually detracts from the persuasiveness of the data. The data itself is persuasive that the "trickle down supply side" economic theories of the GOP is a crock. Billionaires do NOT help create a healthy middle class. In fact, the data clearly shows that helping the middle class is the way to create billionaires. A healthy and prosperous middle class provides the consumer demand that can send stock prices of producers soaring. This is clearly a "Frank Capra" economy (my phrase, not the author's) where helping the "John Does" get ahead is the way to prosperity.

6 people found this helpful

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Gary

A Book Democrats Will Love

Reviewed in the United States on February 27, 2014

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Zuesse does a great job sequencing his case. He uses irrefutable statistics and even takes time to answer the "yeah ,
but" comments sure to follow. The numbers are what they are and Zuesse makes sense of them. Republicans will not want to read the truth. Democrats need these facts in hand.

16 people found this helpful

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Edward E. Mills

"Correlation is Not Causation"

Reviewed in the United States on September 29, 2015

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This book doesn't deserve even a One rating. It is an outstanding example of the truism that "correlation is not causation." The author totally confuses correlation with causation. For example, there is wide agreement that Great Inflation of, roughly, 1964-1981, began when President Johnson brow-beat the Federal Reserve into keeping interest rates low to finance both the Vietnam War and his Great Society Program. Raising interest rates or taxes, he feared, would undercut support for his Great Society. But succeeding presidents lacked the guts and the public support for a vigorous anti-inflation program. The impact of both the Great Inflation and ongoing Democratic pressures to open the oil import floodgates and reduce oil drilling incentives in the U.S. contributed to the oil shock of 1973 which hit President Nixon's administrations. Inflation averaged 13.3 percent during 1980, Jimmy Carter's presidency. Only President Reagan had the political courage to put the economy through the wringer to squeeze inflation out of the economy and the economy did suffer through the process. By 1993, when President Clinton was sworn in as Clinton was being sworn in as president interest rates had returned to pre-1964 levels. Housing prices had kept up with inflation so that with low interest rates homeowners were able to cash in on the inflated equity in their homes, igniting a economic boom fueled by cheap credit. The boom temporarily came to a halt as Bush was being sworn in as president. However, in response to the collapse of the Dot.Com stock market bubble and the 9/11 terrorist attack the Federal Reserve drove its target interest rate down to 1 percent, igniting a global debt-crazed economic explosion.
President Clinton's blitzkrieg assault on mortgage lenders to finance inner-city redevelopment - which included "affordable housing" for people with poor credit histories and little income - to own their own homes. That policy ignited housing prices and the bubble burst in 2007-2008 and the economy came crashing down with it - during President Bush's term. What is most significant is that the full dimensions of President Clinton's inner-city redevelopment putsch is not fully recognized and understood here in 2015 and was totally invisible during President Bush's term. So, the housing crisis/Great Recession was the inevitable consequence of Democratic policies that applied brutal pressures on banks, mortgage brokers and Fannie and Freddie to subsidize inner-city redevelopment. Want proof? Simply download the 2007 report, "CRA Commitments," which describes 446 "agreements" housing activists "negotiated" with banks totaling $4.56 trillion since passage of the Community Reinvestment Act of 1977. $4.5 trillion of that amount was "negotiated" after 1994 following impletion of President Clinton's "Urban Policy" directed at compelling banks, mortgage brokers and Fannie and Freddie to invest in inner-city redevelopment. Forcing mortgage lender to write subprime mortgages was based upon the conviction that home ownership would promote neighborhood stability in the inner-cities. (in 1999 Senator Phil Gramm, then chairman of the Senate Banking Committee, termed the process as "extortion" not "negotiation" but President Clinton threatened to veto any reform attempt). But note carefully, Democratic presidents are praised for policies that end up causing severe economic problems for succeeding Republican presidents.

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