Tax And Unemployment History
ProDemocracy
Unemployment Rates
President Elected Before After Economy
Joe Biden (D) 2021 6.3 3.4 Better
Donald Trump (R)2 2017 4.7 6.3 Worse
Barack Obama (D) 2009 & 2013 9.9 4.7 Better
George W. Bush (R)2 2001 & 2005 3.9 9.9 Great Recession
William J. Clinton (D) 1993 & 1997 6.5 3.9 Better
George Bush (R) 1989 5.3 6.5 Worse
Ronald Reagan (R) 1981 & 1985 7.2 5.3 Better
Jimmy Carter (D) 1977 7.8 7.2 Better - Oil Crisis
Richard Nixon/Gerald Ford (R) 1969 & 1973 3.4 7.8 Worse
Lyndon B. Johnson (D) 1965 5.0 3.4 Better
John F. Kennedy/Lyndon B. Johnson (D) 1961 6.6 5.0 Better
Dwight D. Eisenhower (R) 1953 & 1957 2.7 6.6 Worse
Harry S. Truman (D) 1949 4.0 2.7 Better
Franklin D. Roosevelt/Harry S. Truman (D) 1933, 37, 41, 453,4 14.6 1.2 Better
Herbert C. Hoover (R) 1929 4.2 23.6 Great Depression
The Laissez-Faire-Economy Problem
Warren G. Harding (1920-23) presided during the Teapot Dome Corruption Scandal and was considered by historians as one of the worst presidents.

Calvin Coolidge (1923-28) presided during the Roaring Twenties, disdained regulation and his laissez-faire ideology has been blamed by some contemporaries and historians as the initial cause of the Great Depression.

Herbert Hoover (1929-32) has been blamed by some historians for his failure to act during the onset of the Great Depression, which devastated the U.S. and world economies.

With the exception of the 1948 elections, when Democrat Harry S. Truman was reelected, American voters have elected Democratic presidents only when the economy has been in a state of severe recession or depression and unemployment rates have risen to intolerable levels — under Republican administrations.

Franklin Roosevelt in 1932 and Barack Obama in 2008 are salient examples of this counterintuitive and disturbing historical pattern, which Democrats might characterize as "we fix the economy and Republicans screw it up!"  FAST would prevent these economic downturns!

 

Results Of A Responsible Economy
Since 1920, there have been 25 elections for the presidency.  Of these, 13 were won by Republicans and 12 by Democratic Candidates.

After every single Republican administration left office, very serious economic downturns and unacceptably high unemployment have resulted as a consequence of irresponsible, Republican tax-cutting policies, e.g., 1932, 1960, 1976, 1992, 2008.

Luckily, by employing responsible, economic policies, Democrats have been able to bring unemployment rates down and stabilize the economy following every Republican-made downturn.

Given the aforesaid, one would think that Democrats would win more elections but this is not the case!

Unfortunately, in spite of the economic downturns and suffering caused by Republicans' irresponsible policies, once the economy is "normalized" by Democratic administrations and the future looks brighter, American voters go back to electing Republicans to the White House (e.g., 1952, 1968 1, 19802, 1988, 2000, 2016).  The reason?  Republicans always promise to lower taxes!

Undoubtedly, tax cuts have great appeal to the millions of American whose main concern is having "enough income" to support their families — something Democrats must not lose sight of if they want to be elected.

Our Fair Automatic Simple Tax ("FAST") was designed to address the income issue. Under this plan, tax rates for lower-income taxpayers will decline — but everyone will pay their fair share.

  Footnotes
  1. Source: Bureau of Labor Statistics (Select year range from drop-down boxes on top of page) https://data.bls.gov/timeseries/LNS14000000
  2. Lost majority vote
  3. Source: infoplease http://www.infoplease.com/ipa/A0104719.html
  4. U.S. actively involved in World War II from December, 1941 to 1945

NOTE: The aforementioned comments and statistics are meant to be factual, not partisan.