[Ed. – Another Keynsian clown comes out to cheerlead for the rubbish that the DNC has been placing in Biden’s mouth, but he goes a step further calling the Dems’ tax-and-spend nightmare ‘Bidenomics.’]
There’s a widespread perception that Republicans are better than Democrats at managing the economy. But that’s not at all what the record says.
Yes, Ronald Reagan presided over a long economic expansion; but so did Bill Clinton, and the Clinton boom was both longer and bigger. The economy did in fact add many jobs under Trump before the coronavirus struck, but this simply represented the continuation of an expansion that began under Barack Obama.
And those were the good stretches. Both Bushes presided over really poor economic performance.
Republicans also have a long history of claiming that progressive policies would lead to economic disaster. They’ve been wrong every time.
They’ve been wrong about tax hikes: When Clinton raised taxes in 1993, Republicans confidently predicted recession, but what actually happened was a huge boom. When California raised taxes under Jerry Brown, the right called it “economic suicide”; again, the economy boomed.