That’s what Harry Truman said, and he was right. Take a look at the table below, reported by David Ruccio on Real-World Economics Review Blog, 2 September 2012. (By CMC Markets)
The table is a bit fuzzy, but the essence of it is that investment returns since 1900 under Democratic presidents were nearly three times greater than under Republican presidents.
The Republican economic strategy has not changed significantly in the past 112 years: Make the rich more wealthy. Shake off the restrictions of the “free market” that hold back the power of investment and commerce.
It’s very clear that this strategy accomplishes just what common sense suggests is should: make the rich richer, make everyone else poorer, make the country weaker. A recipe for the failure of democracy, illustrated.