If You Like Having Money, Vote for Democrats

Sept 13 2024 - Our Freedoms ‘24 staff summary

No, Donald Trump and Republicans are not better for the economy.

1. Donald Trump was a terrible businessman.

2. The economy does way better under Democrats.

3. Harris and Walz will deliver on an economy that does what’s most important: for you to have a better life.

Despite the image Donald Trump tries to project, in reality he’s a lousy businessman. He inherited $400 million dollars from his slumlord Dad but went bankrupt 6 times. This is a guy who managed to bankrupt three casinos. He’s run dozens of scams that have taken millions from regular people - here’s 15 of them, all now bankrupt - and stiffed countless vendors and people who worked for him.

And yes, the economy does better under Democrats, almost no matter what metrics you use:

• 96% of jobs created since 1989 happened under Democrats

• Biden era wages grew the most at the bottom

• Real wages up by 4% compared to pre-pandemic

• Stock market does better under Democrats (11.4% returns vs 7%!)

• Stock market at record highs

• Strongest recovery in the world post-COVID

• Unemployment at a sustained 50 year low

• Most jobs created in a Presidential term (far more jobs than Trrump)

• Keep the Biden-Harris startup boom going

• Native born and immigrant employment both at records highs

• The middle class is the richest ever and far richer than 2019

• Biden had the lowest unemployment rate and highest real (infl-adj) average hourly wage since 1964

It’s not that everything is perfect. There’s still a lot to do. Since the 1980s, the top 1% have taken $50 trillion from the bottom 90%. If we’d kept that money, it’d come out to more than $1100 per month for each family. We still have an ongoing affordability crisis, particularly when it comes to health care, housing, child care and education.

But Harris and Democrats aren’t just the only ones serious about tackling this: everything Republicans are proposing will make it worse! The New Way Forward that Kamala is proposing is simple: we’re going to unionize workers, tax billionaires, invest in Americana and their communities, and make the economy work for ordinary people again.