Quote:
Originally Posted by chrispedersen
Lets make it simple:
I believe the statistics show that after wwii, the gnp of the american economy exceeded all other powers involved in the war - combined. In fact, the GNP of the American economy is more than 50% of the GNP of the rest of the world combined.
It certainly wasn't true after 40 years of democratic rule.
So Jims assertion that the democrats do (did) an outstanding job of managing the economy fails on its face.
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I don't believe that the two are related. I suspect that the statistics show that war-damaged economies recover faster than peace-time economies can grow. As a baseline comparison, why not use the pre-war economies?
Quote:
Originally Posted by chrispedersen
But if you need a link, here is a comparison of US growth rates to japanese growth rates post wwii:
http://books.google.com/books?id=5aE...esult#PPA45,M1
Here you see similiar statistics for france, italy and spain
ie., that they are narrowing the per person gdp all through the 1960s and 1970s... IE., that the the democrats did not do an outstanding job.. indeed - they did worse than the managers of four countries. |
...and of those 4 countries, 3 had strong genuinely socialist political parties between WWII and now. 2 had influential communist parties, in fact. Are you suggesting that having far-left socialist rulership is better for an economy than having a far-right and centre-right 2 party state?