Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, February 1, 2010

Do democrats create more jobs?

I ran across this at CATO...


Politifact.com looked into a remark from Rep. Carolyn Maloney, D-N.Y., that “Democrats have been considerably more effective at creating private-sector jobs.”

The statement was rated true, as a purely statistical matter.


Aparently it is true... but only statisticly... maybe even scietificly... and in ... You know Reality.

But when it comes to right wing Congnative Dissonance... If you use that as the metric... Compleatly untrue!

To be fare, it goes on to say that little of it has to do with the president. Obviously, there are other branches of government. The problem is that when the overall Right wing argument is that the president is destroying the economy. I guess you would have to concede that much of it had to do with the people who have held the house and senate for the past 10 years.

2 comments:

The Arthurian said...

Hey, a pretty good link -- bits of it anyway. There's almost always too much political perspective in economics, to suit me.

Eric said...

It's funny how people think Politics drive economics. If this were the case, many people would be much less confused about The Market and economics.

When what is more likely, is that Economics drive Politics.

Like they say "Nobody is bigger than the market" and that which cannot be sustained, wont"

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