The US economy performs a lot better under Democratic Presidents
The data shows Democratic outperformance over decades
At the DNC, President Clinton said:
“Since the end of the Cold War in 1989, America has created about 51 million new jobs. I swear I checked this three times. Even I couldn’t believe it. What’s the score? Democrats 50, Republicans one."
Since his comments, that statement has been fact checked by many sources and confirmed to be accurate.
What's remarkable - but not entirely surprising - is that this trend of Democratic Presidents being far better when it comes to economic growth and gains for the public at large is a recurrent theme in the history of the United States, in some cases going back almost a century or more. Indeed, in his analysis on this topic in 2021 (Why Are Republican Presidents So Bad for the Economy?), David Leonhardt observed:
It’s true about almost any major indicator: gross domestic product, employment, incomes, productivity, even stock prices. It’s true if you examine only the precise period when a president is in office, or instead assume that a president’s policies affect the economy only after a lag and don’t start his economic clock until months after he takes office. The gap “holds almost regardless of how you define success,” two economics professors at Princeton, Alan Blinder and Mark Watson, write. They describe it as “startlingly large.”
To delve a bit deeper on this topic, I created a slide deck compiling the most comprehensive collection of supporting data/charts from a variety of sources, such academic research/papers, media, and financial analysts. All of this data provides a rather substantial body of evidence that Democratic Presidents are associated with far better economic growth across a variety of metrics compared to Republican presidents, and there is evidence this is not due to coincidence. Here is the link to the slide deck:
I also have a section delving into some of the economic data from the Trump/Pence and Biden/Harris administrations.
Image courtesy of geralt
