The economy, Obama & Trump, and the history of Republicans and Democrats

By Kristen Johnson

The latest economic report in the U.S., under Barack Obama’s Administration, contains a whole lot of good news. The economy has added jobs for 80 months straight, put an additional 178,000 people to work in the last month alone, leaving the unemployment rate at 4.6% (down from 4.9% the month previous). The November unemployment rate is the lowest it has been since 2007. Pretty darned good economic news, though not entirely all good – manufacturing jobs declined further, many part-time workers would prefer to be full-time, and the jobless rate for college graduates is higher than it should be. (New York Times).

So, all in all, Barack Obama’s Administration is handing over a strong economy to President-Elect Trump’s Administration. I am a child of the 80s and I voted in my first election in the early 90s (for George H.W. Bush, because I was a Republican at the time). I remember vividly the mass exit of people from my hometown under George H.W. Bush’s Administration when huge numbers of jobs dried up, and the truly massive numbers of houses for sale that never seemed to sell. (I recall vividly driving down the thoroughfare  to my parent’s house and seeing literally row after row after row of “for sale” signs.) I also remember the recession and overwhelming housing crisis under George W. Bush’s Administration, and families losing their homes and jobs on a truly colossal scale. But, those were just impressions, so I decided to do a little research.

According to  U.S. News (reviewing a report made last year by Princeton University and information from the Bureau of Economic Analysis), 4 of the 5 Presidents to oversee the largest economic expansions since World War II have been Democrats – Kennedy, Johnson, Clinton, and Carter. The unemployment rate has been lower at the end of every Democrat’s time in office since Kennedy took office in 1961. (Reagan is the only President since Eisenhower who can say the same). Unfortunately, President George W. Bush and President Obama have added more to the federal deficit that any other Presidents since World War II. To see the information in its entirety, see here: http://www.usnews.com/news/blogs/data-mine/2015/10/28/which-presidents-have-been-best-for-the-economy.

So, given the history of Republican Administrations regarding the economy, I have reason for concern with the incoming Administration. Of course, I didn’t vote for President-Elect Trump, so I am biased.

I have been talking with God quite a bit since the election, and I will continue to do so……I fear that will be the case for at least the next 4 years.

1 Peter 5:7 (NRSV): Cast all your anxiety on him, because he cares for you.

Serve all with love.

Photo courtesy: stocksnap.io

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