The credit crisis was caused in large part by Bill Clinton and Democrats in the 1990’s imposing new regulations on the banking industry requiring them to make more high-risk loans to low-income home buyers who did not qualify based on sound banking principles. This was done to gain political support for the Democrats and has had the effect of creating the subprime mortgage market and increasing the loan default and foreclosure rate.

Democratic opposition to oil drilling going back to 1996 when Bill Clinton vetoed legislation to allow more drilling in Alaska has kept the price of oil higher than otherwise and has slowed the world economy, causing the loss of hundreds of thousands of jobs in this country. It has driven up the cost of gasoline, diesel, airfare and food.

The Democratic increase in the minimum wage has destroyed (or prevented the creation of) hundreds of thousands of low-wage jobs for poor Black and Hispanic kids and has increased the national unemployment rate.

In these ways and many others, the Democratic Party’s politicians on Capitol Hill have done severe damage to the economy. Granted, the Republican Party economic policies are not ideal. Nevertheless, they are much sounder and more free-market oriented and will be much more beneficial to our society.

If you want economic improvement, it is critical to vote Republican for every office at every level this year. While not perfect, the Republican economic agenda is the best real-world alternative available.