Are Republicans or Democrats better for the economy?
I went here:
[url]http://www.bea.gov/national/index.htm#gdp[/url]
and pulled the real GDP figures for as far back as they had them, which was 1929. I then calculated the rates of change for each annual period. Then I separated those years into Republican versus Democratic presidents (in the year following election I assumed the new guy was in for the entire year; somewhere in there, fairly early on, we switched from March 4 to Jan. 20 inauguration so it shouldn't make TOO much difference) , and averaged the rates of change in real GDP for all the years with a Democratic president and all the years with a Republican president. I had no idea what I would find. I will send the spreadsheet to anyone who wants it but it is simple to do.
Average (arithmetic mean) rate of change in real US GDP for all years ending with a Republican president. 1929-2011: 1.80%
Average (arithmetic mean) rate of change in real US GDP for all years ending with a Republican president. 1929-2011: 4.77%
Furthermore the coefficient of variation is about twice as high under the elephants as it is under the donkeys, 222% to 113%.
So I looked at this and smiled. I then felt sorry for the poor Republicans with the stagnant growth rates their policies obviously produce, and I decided to throw out the Great Depression and just look at 1933-2011. That is pretty charitable given that the Republicans were in power the entire decade preceding the Depression (which they then exacerbated by not listening to Keynes and doing pretty much what Romney proposes to do if elected).
Average (arithmetic mean) rate of change in real US GDP for all years ending with a Republican president. 1933-2011: 2.73%
Average (arithmetic mean) rate of change in real US GDP for all years ending with a Republican president. 1933-2011: 4.77%
The coefficient of variation is now a bit better under the elephants, I must admit, 113% to 85%. The compound return implied is still way, way higher for the Democratic regimes even if you throw out the Republicans' one biggest fuck up.
What do you Republicans and supply-siders have to say to these figures?
More bad FACTUAL news for the elephants
[QUOTE=Tiny12;428301]Because you punched the wrong numbers into your calculator? (1. 0315675^75) / (1. 0277675^75) - 1 = 32%[/QUOTE]No, those are the numbers when I lagged by a year. The numbers I used are the unlagged numbers. If you don't think they are significant in proving the Dems better, I'd still argue they are significant in refuting they are worse. I say it's overstated because if you use the compound average instead of the arithmetic mean, the gap will close some. I'll do that later if I have time. What I mean is, the variability of the D's return is greater so the difference between the simple average and the compound average will be greater for D than for R.
Also, from 1946-2011 unemployment averaged 5.92% in years that ended with a Republican president versus 5.47% in years that ended up with a Democratic president. So, during that 65 year period, Democratic administrations provided both faster economic growth and fuller employment. I guess I could look at inflation but since I looked at real GDP I don't see why inflation matters.
Stopping the Minority (47%ers) Votes
In case you want to learn?
[url]http://www.eastbayexpress.com/ebx/sneak-attack/Content?oid=3378778[/url]
1 photos
The quintessential liberal politician.
I thought this was interesting.
It's a parody of the quintessential liberal politician.
Thanks,
Jax
Independents in Los Angeles County
To further illustrate my point about Independents leaning towards Romney being meaningless unless in a key state, here are some statistics from my County. 48% registered Democrat. 25% registered Republican and 25% decline to state. 2% are registered to the fringe parties. Obama won 66% of LA County in 2008. I suspect Obama will be under 55% in LA County in 2012. California electoral votes will still go to Obama but in national polling it will show up as many independents voting for Romney. It is an essentially meaningless shift in Independent voting at the national level.
Most oddsmakers (intrade odds, Barrons money manger poll) have it at 60-40, Obama winning the electoral college. I suspect we will see Romney carry New Jersey due to lack of ability to vote in the cities. I think Ryan will pull Wisconsin through for Romney. Romney wins with about 300 electoral votes.
I think the Democratic pundits are awfully quiet right now. Almost everything I read is from the Republican side Rowe, Will, Noonan. Republicans seem surer of themselves.
Early voting in New Jersey allowed. No Voter Suppression
[QUOTE=Big Boss Man;428713]I suspect we will see Romney carry New Jersey due to lack of ability to vote in the cities.[/QUOTE]The "lack of ability to vote" is called voter suppression. Luckily, President Obama's best new friend, GOP Gov. Christie, is allowing early voting for those affected by the storm. Needless to say, Gov. Christie's order has created an uproar with other Republicans since voter suppression is part of their game plan to win. The idea of any political party or organization scheming to suppress the rights of citizens to vote is nauseating.
[url]http://www.reuters.com/article/2012/11/03/us-storm-sandy-christie-idUSBRE8A20BC20121103[/url]
When is this bet going to be finalized
I couldn't give a fuck who wins this election. I believe it is important to be able to thrive no matter which publicly sanctioned entity is granted their allotted term to siphon their fill. What I do care about is that someone on this board be able to gloat and someone else choke down some humble pie for all the posturing going on in this thread for what feels like forever.
[QUOTE=David_33;428711]Now is probably the best time (while all is still up in the air as to who will win), to finalize the bet with the often blocked Toymann. Since it is for an evening at Madaho's I am estimating around $200 or $250. If I am off base, maybe someone could suggest a reasonable amount. If the Mormon wins, then I will give the money to Jackson to pass on (since I'm not eager to meet the other individual involved), and if Obama wins, Toymann can do the same.[/QUOTE]
Romney's disaster management tips for Sandy.
In an interview with the Washington Post, Republican Karl Rove admitted that hurricane Sandy helped President Obama's re-election since it distracted voters.
[url]http://www.washingtonpost.com/blogs/the-fix/wp/2012/11/02/hurricane-sandy-helped-obama-politically-karl-rove-says/[/url]
In the interest of equal time to Mr. Romney, here's how he would have responded to a disaster like hurricane Sandy if he was the President (after he eliminated FEMA) :
Romney's disaster management tips:
1. If your home is in the path of Sandy, evacuate to your second or third home immediately.
2. If your home sustains damages from Sandy, ask your parents for money to fix it.
3. Make sure you've moved your cars to the top floor of your garage.
4. Sandy is so violent because she was raised by a single mother.
5. Don't worry about evacuating. It it's a legitimate storm, your house has a way of shutting itself down to protect itself from damage.
6. My prayers and thoughts go out to 53% of you.
7. 53% of you will be fine. The other 47% I couldn't care less about.
8. If you survive, I'll take credit for it.
9. If you must drive in the storm, use extra-strength rope to secure your dog to the roof of the car.
10. Everyone chill out. Sandy will end earlier than male-named storms. She has dinner to get on the table.
11. I actually have a bunch of storm survival tips, but I'm not going to tell you any of them until after the election.
12. Everyone in the path of the storm: Don't be a victim and stop looking for handouts!