Note: I am not trolling, but looking for an honest answer from US forum members.
I've noticed (when I was in the US on business and from reading some posts here on the forum) that a lot of people hold the view that a Republican administration will improve their economic position, whereas a Democratic administration will not.
However, looking at the most recent data it appears that exactly the opposite is true.
http://www.businessinsider.com/henry...t-fired-2009-8
http://www.scribd.com/doc/18567271/U...tribution-2007
In fact, during the last Republican administration's time in office the average annual income was down by 1%, the bottom 99% of the population saw a decline in the real growth of their annual incomes from 2.7% to 1.3%, and the percentage of growth captured by the top 1% of the population increased from 45% to 65%.
So it appears that while the top 1% saw their fortunes improve, the majority of the population did not see any tangible benefits.
My question is therefore - Why do people believe they would be benefited by a Republican administration vs. a Democrat administration? (A bit of a moot point at the moment since the election is over but still something that I've never fully understood)
Is it down to personal circumstances?
Also, I am very aware that real incomes will see a decline in the next couple of years due to the financial crisis - but frankly I don't believe any administration (Republican or Democrat) could stop this.
I've noticed (when I was in the US on business and from reading some posts here on the forum) that a lot of people hold the view that a Republican administration will improve their economic position, whereas a Democratic administration will not.
However, looking at the most recent data it appears that exactly the opposite is true.
http://www.businessinsider.com/henry...t-fired-2009-8
http://www.scribd.com/doc/18567271/U...tribution-2007
In fact, during the last Republican administration's time in office the average annual income was down by 1%, the bottom 99% of the population saw a decline in the real growth of their annual incomes from 2.7% to 1.3%, and the percentage of growth captured by the top 1% of the population increased from 45% to 65%.
So it appears that while the top 1% saw their fortunes improve, the majority of the population did not see any tangible benefits.
My question is therefore - Why do people believe they would be benefited by a Republican administration vs. a Democrat administration? (A bit of a moot point at the moment since the election is over but still something that I've never fully understood)
Is it down to personal circumstances?
Also, I am very aware that real incomes will see a decline in the next couple of years due to the financial crisis - but frankly I don't believe any administration (Republican or Democrat) could stop this.
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