OPINION: Here's why Biden is better for our economy, Nouriel Roubini writes: Recessions almost always occur under Republican administrations. Biden has proposed a suite of fiscal policies designed to boost economic growth.
NEW YORK —Joe Biden has consistently held a wide polling lead over President Donald Trump ahead of November’s election.
In fact, U.S. recessions almost always occur under Republican administrations—a pattern that has persisted since our book appeared. The recessions of 1970, 1980-82, 1990, 2001, 2008-09, and, now, 2020 all occurred when a Republican was in the White House . Likewise, the Great Recession of 2008-09 was triggered by the 2007-08 financial crisis, which also occurred on the GOP’s watch.
“ If the U.S. is to fill the high-value jobs of the future, it will need to train its labor force, not embrace self-destructive protectionism and xenophobia. ” They would not invest in tax cuts for billionaires, but rather in education and worker retraining, and in proactive industrial and innovation policies to ensure future competitiveness. Private business would no longer be terrorized by the president in Twitter tantrums.
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