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Economy prospers under Democratic presidents

By Letter to the editor
Published: September 25, 2008

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Editor:

America is fighting two wars. The U.S. financial system is in turmoil. Lies and name calling won’t help us choose the best candidate — we need facts.
The non-partisan Tax Policy Institute compared Obama’s economic policies to McCain’s:

• You will pay less tax under Obama’s unless you make more than $110,000.

• If you’re middle-income, you’ll get a 40 percent bigger tax cut.

• The U.S. deficit will be 30 percent smaller.

Census data since World War II shows that American capitalism did better under Democratic presidents:

• Whatever their income, American families gained more.

• Middle-class family incomes grew two to three times faster.

• The U.S. economy grew almost twice as fast.

On the other hand, during Republican administrations, no one did as well, and the less rich you were, the worse you did. Just like now.
For yourself, your family, and our country, vote Democratic in November. It’s time to get America back on track.
(Sources: , <>).

Gary Grossman
Reva