The only time we have not was under part of the Clinton administration. Carter was over 30 years ago and he inherited a bad economy caused mainly by debt from the Vietnam war and the Arab oil embargo. His policies were effective and the economy later improved due to his policies during the Reagan administration. Obama has created more private sector job growth in 3 and 1/2 years than Bush created in 8 years.
Oh, so if we disregard the facts it makes your opinion look more accurate? Selective memory does you well?
4 Obama, 8 Bush, 8 Clinton, 4 Bush, 8 Reagan, 4 Carter, 3 Ford, 5 Nixon, 5 LBJ, 3 JFK, 8 Eisenhower, 7 Truman, 13 FDR
Seems like the leadership has fluctuated frequently... with the longest stretch of consecutive rule was the 20 year run of FDR/Truman... where the debt was also over 100% of GDP... The longest run of Republican leadership was 12 years (a time which we won the Cold War)...
Again, the chart I showed shows a correllation between Democratic control of the Legislature leading to increase of debt, and the Republican control of the legislature leading to decrease in debt... Since the revolution, only twice has our debt gone over 100% of our GDP... and that was during Democratic administrations... FDR and Obama...
Reagan created more debt than all the presidents before him, combined. And it wasn't due to Congress as most of the debt was due to increased military spending and tax cuts that he pushed for. But you are welcome to post all the spending bills you think he vetoed, if you can. Likewise with the Bush vetoes of spending bills. The Iraq war for oil alone (the biggest waste of taxpayer money that I know about) carries a $2 trillion dollar price tag. A majority of Democrats voted against this optional war and all but 7 Republicans voted for it.
Actually Obama has created more debt than all the presidents before him... and his first term isn't even over yet!!!
yes Reagan increased military spending, and the democrats who controlled the congress at the time also increased spending, such as the creation/expansion of welfare coverage, etc. The difference is Reagan was reacting to Carter letting the military decline, and the study that we could win the Cold Car by increasing spending, because the Soviet Union was close to collapse and wouldn't be able to keep up... and that's exactly what occured... You can't hold spending against Reagan, unless you wanted the US to have lsot the Cold War, or keep it going... Reagan rightfully aggressively pursued victory over the Soviet Union... and their form of corrupt overarching authoritarian socialization... (Unfortunately, that's what Obama is working to create here)
Lovely how the Dems support wars that are suggested by Dems, but opose war entirely when it's something a Repub "caused" or claim the wars were "optional"... You're kidding yourself with this crap... Wilson sent us to war in Europe which we were not attacked, FDR sent us to war in Europe when we were attacked by the Japanese, JFK and LBJ drastically escalated the war in Vietnam and JFK sent troops into 3 wars in Africa, Clinton sent us to war in the Balkans, East Timor, and ordered air strikes into Sudan-Iraq-Afghanistan, Obama massively expanded AFPAK and sent air strikes to Libya...
For the wealthy, yes, I hope to God he does. That's one of the reasons I am voting for him.
But he couldn't even pass a bill that allows him to tie his own shoes at the moment... so it's not very likely... he doesnt have the votes to support any tax hike... Thus the most likely scenario is if Obama is elected, the Bush Tax Cuts expire, and we are stuck with a massive tax hike which cripples the economy... and if the supreme court doesnt repeal the ACA than we are stuck with burdens on new hires, and job growth will continue to decline...
Tax the rich to feed the poor only works in fairy tales... in reality, the rich can pay tax firms to help them avoid the high tax rates, and the lower class ends up getting their taxes raised on them... Romney paid 14% on his taxes and Obama paid 21%... both are part of the 1% that is supposed to pay 35%... what makes you think a tax raise is going to make them pay 39.6%? They won't... a tax raise always hurts the poor and negatively affects the middle class... Even during the Clinton years, there was a huge divide forming between lower middle class and upper middle class because of it...
In 2010 the Democrats put up a bill to keep the tax cuts for those families making under $250,000, while letting the tax cuts for those making over that amount expire. It is my understanding that is again the plan so that taxes will not go up for those hit the hardest by the great recession. It has also been proposed to increase the Capital gains tax rate to what it was under Reagan. I support that as well, as it will have little effect on the working class or the economy, and will help reduce the deficit.
But capital gains is how small businesses grow... so you're wrong... raising capital gains taxes would prevent growth, thus slowing the economy for everyone, including the working class, who either are starting those small businesses or relying on the jobs created by them...