The Republican party held a majority in both the US House and the US Senate from January 2003 through December 2006. During that time the stock market (as reflected by the S & P 500) rose by 72 percent. The Democrat party has held a majority in both the US House and the US Senate from January 2007 through present today (4 October 2008). During that time the stock market has declined by 18 percent. When the Republicans handed Congress over to the Democrats in January 2007, the national unemployment rate was under 5 percent. Today it stands at just over 6 percent.
But how hard has the McCain-Palin campaign and the Republican National Committee tried to get this message out? Congress is arguably more powerful in terms of its influence over the economy than the President is.
Commuinicating this message to the American people about the difference in performance might make people think differently about the “change” issue. The American people would still desire change, but they might decide that changing the party that holds Congress is the way to go, rather than changing the party that holds the White House.
Democrats often say that the economy and the stock market performed well under President Clinton. But they usually leave out the fact that during 6 of Clinton’s 8 years as president America had a Republican controlled Congress.
The people will not learn this information from the mainstream media. It’s up to McCain-Palin and the RNC to get the message out.