tag:blogger.com,1999:blog-9069354713843321730.post639602222943585936..comments2023-10-01T09:22:37.695-07:00Comments on Economists for Obama: Report from the RNC Tax Policy Forum with Austan Goolsbee and John TaylorDon Pedrohttp://www.blogger.com/profile/15438565798505041042noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9069354713843321730.post-85027528935106479862008-09-10T21:28:00.000-07:002008-09-10T21:28:00.000-07:00"Do you really think it mattered during the 90s wh..."Do you really think it mattered during the 90s who the President was?"<BR/><BR/>Short answer: yes.<BR/><BR/>The Blinder article gives the more systematic analysis. For post WWII presidents, economic growth has been way higher under Democratic presidents than Republican presidents.<BR/><BR/>Unless you want to argue that Democrats are just naturally lucky, this is strong evidence that there was something different and better about the Democratic presidents' policies.<BR/><BR/>Hey, even if do want to argue that Democratic presidents are just lucky, I'll accept that as a reason to vote for Obama!Don Pedrohttps://www.blogger.com/profile/15438565798505041042noreply@blogger.comtag:blogger.com,1999:blog-9069354713843321730.post-16356994333217199522008-09-10T20:28:00.000-07:002008-09-10T20:28:00.000-07:00Um, did you think to account for natural cycles th...Um, did you think to account for natural cycles that take place within an economy. There's no reason to expect that an economy will always grow at the same rate or even grow at all and there are many factors that influence this. One such factor is the explosion of a revolutionary technology (e.g. computers and the internet). Do you really think it mattered during the 90s who the President was? We still would have had the tech boom.<BR/><BR/>The reason Joel didn't make any conclusions is because it's apparent to most people who understand the nature of an economy that sometimes you just happen to be in the right place at the right time to take advantage of or take credit for things that are completely out of your control. The tech boom was one of those. I'm sorry, but this isn't too difficult to understand.Anonymousnoreply@blogger.com