My previous post dealt with false talking points Republican presidential candidates are repeating over and over. It may not be a surprise that these clowns are ignoring reality regarding the economy, immigration and crime. But there are even bigger myths worth noting. Here are two big differences between reality and Republican bullshit.

Republicans have convinced many voters that they’re better at handling the economy than Democrats. Is it because Republicans claim to love capitalism, especially big business, so much? Here’s the job growth under the most recent Democratic and Republican presidents. The difference is rather amazing and certainly not well-known. Under the last three Democrats, the economy added 46.9 million jobs. Under the last three Republican presidents, the ones who supposedly know how to nurture the economy, the increase was a pathetic 1.9 million (from the Bureau of Labor Statistics and Simon Rosenberg):

But wait! Does the economy grow under Democrats because they’re the party of “borrow and spend”? Hardly. It’s because Democrats try to spread the wealth, not concentrate it at the top. Since Reagan was president, Republicans have added red ink through reckless, unproductive tax cuts, while Democrats have restored fiscal sanity (from the Federal Reserve Bank of St. Louis and the Tennessee Holler site):

Deficits went up under Reagan, the two Bushes and the last guy. They’ve gone down under Clinton, Obama and Biden. It’s no surprise that cutting taxes for the rich and corporations increases the national debt but a healthier economy under Democratic presidents makes deficits go down.

Here’s one last chart. Politicians have been talking about bringing back American manufacturing jobs for as long as I can remember. Now it looks like it’s actually happening. This chart shows spending on factory construction (adjusted for inflation). To the left is the second Bush presidency, showing factory construction increasing until the 2008 financial crisis (the vertical gray line) that started in Bush’s second term. Construction recovered in Obama’s first term, was stagnant or declined during the last president’s single term, and then took off with Biden in the White House.  From the Bureau of Labor Statistics, the Census Bureau and Steven Rattner:

From Yahoo Financial News:

President Obama tried to revitalize American manufacturing, with little to show for it. President Txxxx tried too, with similarly unimpressive results.

Under President Biden, however, a manufacturing boom finally seems to be getting started. Since the beginning of 2022, construction spending on new factories has more than doubled, from an annualized rate of $91 billion in January 2022 to $189 billion in April 2023, the latest data available. That’s the biggest jump, by far, in data going back to 2002….

Private-sector firms are building more US factories to cash in on an unprecedented spate of legislation Biden has signed providing federal funding and incentives for infrastructure development, a massive green-energy buildout, and a revitalized semiconductor industry. Three separate bills passed by the Democratic Congress in 2021 and 2022, and signed by Biden, will provide well over $1 trillion in federal spending, tax breaks, and other incentives meant to build more important products in the United States and reduce reliance on importers, mostly China.

Republicans would have you believe the American economy is in deep trouble and they’d do a better job with it than Democrats. The evidence says otherwise. Republican economic competence is a myth.