We’ve had three Democratic administrations in my lifetime. The first was Jimmy Carter and it seems the economy in the ‘70’s was pretty bad all around but there definitely weren’t any boom times during the Carter years. Then you had Clinton and from the mid ‘90’s until the end of the decade we definitely had a boom. But it’s interesting to look at the economic policies Clinton pursued. He reformed welfare, he cut capital gains taxes, he pushed for a balanced budget he signed several large deregulation bills. Not exactly your traditional Democratic playbook. Then we had Obama and while the economy recovered it was the worst recovery since the Great Depression. Thanks to the Fed and their easy money policies we had massive asset inflation but as a whole it wasn’t all that much to write home about.
If we could find a way to create some of that late ‘90’s magic I’d be all in but we’re not headed that direction it seems.
