Wealthy Democrats Are Saving the American Economy - Business Insider
The title of this post isn’t a partisan statement. It actually seems to be a fact that there has been disproportionate spending particularly by more affluent democrats for about the last half year, that has given a boost to the economy.
…Consumer spending really started to pick up especially for higher but also for lower income consumers in late November, after the stock market had made impressive gains, as it was beginning to close in on its old 2007 records, and just after Obama got re-elected. By Gallup’s measure, it has remained strong all through the first 4 months of this year, despite the payroll tax increase, and despite sequestration.
Hence the title of this post, and why it isn’t a partisan comment at all. Correlation is not causation and all that, but it does seem likely that democrats, especially affluent democrats, have played a disproportionate role in boosting the economy ever since Bill Clinton’s stemwinding speech on the first night of the democratic convention.
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