1. United States
  2. Fla.
  3. Letter

END TRICKLE DOWN ECONOMICS!!!

To: Sen. Moody, Sen. Scott, Rep. Mills

From: A constituent in Sanford, FL

May 28

Dear Representative of We The People, Over the past 75 years, the economic numbers show a clear pattern by party in the White House. Under Democratic presidents, average real GDP growth has been about 4.3%, compared to about 2.5% under Republican presidents. Job growth has averaged roughly 2.6% per year under Democrats versus about 1.2% under Republicans. Unemployment has, on average, fallen by about 0.8 percentage points under Democratic administrations and risen by about 1.1 points under Republican administrations. Of the 11 U.S. recessions since the early 1950s, 10 began under Republican presidents. Average inflation has been slightly lower under Democratic presidents (about 2.9%) than under Republicans (about 3.4%). The stock market has also performed better: average annual S&P 500 returns were about 8.3% under Democrats compared to about 2.7% under Republicans. Historically, federal budget deficits have been smaller under Democratic presidents than under Republican presidents. It would take an added 9–10% annual wealth tax on U.S. billionaires for 50 years, if we want to fix Our National Debt.   Can we Please Stop Trickle Down Economics and go with the democrats plan?!? 

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