Chamber of Commerce leaders apparently suffering from acute amnesia

Tom Donohue, president of the U.S. Chamber of Commerce was downright ebulient yesterday in his assessment of the American economy at the halfway point of Barack Obama’s second term as president. “Investing, hiring and consumer spending are firming up,” he said in his speech, and there are “millions of new jobs. . . . We’ve had a few good quarters of very solid growth, surprising some of the experts. . . . There’s no reason to think that another recession is lurking.” All this optimism prompted Dana Milbank of the Washington Post to ask...

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Study shows that U.S. economy does better under Democratic presidents

Don’t share THIS with your Republican friends. It will only confuse them: For the past half-century, the US economy has consistently grown faster under Democratic presidents than under Republican ones. And in a new study, two economists ask whether there’s a reason for that — or if it’s all just a coincidence. The numbers are pretty clear on this. Between 1947 and 2012, the US economy grew at an average real annual rate of 4.35 percent during Democratic administrations and just 2.54 percent during Republican ones. The gap...

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Even if mostly by luck, the economy does better under Democratic presidents than Republicans

THIS is from The Wall Street Journal, the notorious left-wing rag: The U.S. economy has performed better since World War II when the president is a Democrat rather than a Republican, two prominent Princeton University economists conclude. The reasons, they say, involve more luck than successful policies. Over the past 64 years and 16 presidential terms, the U.S. grew at an average rate of 4.35% when a Democrat was in the White House and at a 2.54% when a Republican was, a gap the economists call “astoundingly large.” The research was done by...

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Gallup: Americans still far more likely to blame economic woes on Bush than on Obama

THIS poll is a month old, but it’s consistent with surveys over the past three years: Americans are still more likely to blame former President George W. Bush “a great deal” or “a moderate amount” than President Barack Obama for the country’s current economic problems. More Americans blamed Bush during Obama’s first year as president in 2009; however, since mid-2010, views have been steady at levels similar to today’s. About a third of Americans, 35%, assign a high degree of blame to Bush alone...

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Paul Ryan concedes, in effect, that holding the economy hostage is part of the GOP’s strategy

The fact that congressional Republicans put partisan politics ahead of American economic interests should come as no surprise to anyone. But it’s noteworthy when Rep. Paul Ryan pretty much concedes that point, as we see HERE: Rep. Paul Ryan, the House GOP’s budgetary chieftain, gave a brief but remarkable inteview to the Washington Examiner’s David Drucker in which he essentially conceded that Republicans will only negotiate with Democrats over the budget if they can hold the U.S. economy hostage to increase their leverage. Ryan...

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