Re: Dems & the proletariat
On Oct 6, 2006, at 4:38 PM, Yoshie Furuhashi wrote:
I have a feeling that business alarmists say these things without really believing them, just to make the proletariat think that elections, no matter how sorry elections, are the most important political activity, and at the same time to send a message to the electoral party which has a larger working-class base than the alternatives: don’t you dare do any of these things.
The second part may be true, but the first can’t possibly be - how
many proletarians read Merrill Lynch research?
As I’ve pointed out many times before, by almost any measure
(employment, wages, GDP, stock market), the economy has done better
under Dem presidents than Rep ones since WW2. The only exception is
that Reps are better for disinflation and the bond market.
Doug