Macroeconomics, here are some facts:

[David]

Originally Posted by fintstone

Could you source your data?

The tax reciepts, govt outlays, GDP, and debt come from www.whitehouse.gov in the 2009 budget historical tables.

The DJIA data comes from Yahoo finacial from Oct of each year although all the numbers on the table need to be moved up two years and the last two year's correct data be put in.

The inflation, which I think we can all agree is not fact, comes from http://www.miseryindex.us/irbyyear.asp

[fintstone]

Originally Posted by 125shifter

...Over the past five Presidents, I don't see how a rational person couldn't say Clinton's economy was the winner and Bush II's is hovering around last place with Carter's. Now why are Republicans better for the economy?

Don't your statistics show lower inflation, lower tax rates, more GDP, low unemployment under GW?

[kstar]

Originally Posted by fintstone

Don't your statistics show lower inflation, lower tax rates, more GDP, low unemployment under GW?

As I said earlier, they also show growth in tax receipts despite a relatively flat market and lower tax rates.

It's the non-discretionary/entitlement outflow which is the big boogeyman.

If McCain, should he win, succeeds in a genuine streamlining of the tax code, reduction in corporate taxes to 25% from 35% and elimination of the AMT - which he has specifically pledged - while keeping the Bush cuts in place, we will see an acceleration in receipts, IMO.

Couple the above with spending "control", which McCain has also pledged, and the US should be on its way to cutting deficits via growing the economy.

Best,

Kurt

[MRM]

You've just explained why I've been an enthusiastic McCain supporter since 2000.

[David]

The two years following GW's tax cut showed a large increase in tax revenues, but the third year shows a decrease in revenues. And this was with the govt under GW increasing spending at twice the level as during Clinton's admin.

GDP growth under GW is lower than under Clinton. So what about the GDP growth under Reagan and Bush I, you ask? Under Reagan and Bush I spending and debt increased at a huge rate so of course GDP was going to increase.

I'm not saying that McCain wouldn't be the best thing for the economy, I just don't see how the numbers show we're better off with a Republican president.