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Perhaps Our Most Important Midterms Ever
by Robert Archerd, November 4, 2022
This is a companion piece to one I posted on Medium two years ago, immediately before the 2020 presidential election. It provided, among other things, data on how we fared better on both crime and the economy under Democratic administrations. Again, we’re talking verifiable data, not opinion.
And this piece goes out just prior to the 2022 midterm voting deadline for the same reason: Studies show that around 95% of voters make up their minds well ahead of the election, never to later be swayed “by facts.” But the other 3-to-5% wait until election eve, and can still be persuaded one way or the other. So this piece, just like the one two years ago, is targeting the fence-sitters.
As for the economy doing better, included are job creation, the GDP, unemployment rates, stock market returns (https://en.wikipedia.org/wiki/Stock_Market), personal income growth and corporate profits. The unemployment rate (https:/en.wikipedia.org/wiki/Unemployment_in_the_United_States) on average falls under Democratic presidents, while tending to rise under Republican presidents. Budget deficits (https:/en.wikipedia.org/wiki/National_debt_of_the_United_States) are generally lower for Democratic presidents, as 10 of the 11 U.S. recessions between 1953 and 2020 began under Republican presidents. (https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States#Great_Depression_onward(1929-present) The reasons for this discrepancy are debatable, but that it happened is…