- Sep 16, 2012
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‘”A president has only limited control over the economy. And yet there has been a stark pattern in the United States for nearly a century. The economy has grown significantly faster under Democratic presidents than Republican ones.
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.”’
Why is this?
“Democrats have been more willing to heed economic and historical lessons about what policies actually strengthen the economy, while Republicans have often clung to theories that they want to believe — like the supposedly magical power of tax cuts and deregulation. Democrats, in short, have been more pragmatic.”
www.nytimes.com
Despite all the trash talk about Democrats and socialism, the US economy has done very well under Democrats. It is always a Democrat that has to fix Republican economic screw ups.
The worst presidents?
You guessed it: W and Trump.
The doublemint twins of ineptitude.
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.”’
Why is this?
“Democrats have been more willing to heed economic and historical lessons about what policies actually strengthen the economy, while Republicans have often clung to theories that they want to believe — like the supposedly magical power of tax cuts and deregulation. Democrats, in short, have been more pragmatic.”
Opinion | Why Are Republican Presidents So Bad for the Economy? (Published 2021)
G.D.P., jobs and other indicators have all risen faster under Democrats for nearly the past century.
Despite all the trash talk about Democrats and socialism, the US economy has done very well under Democrats. It is always a Democrat that has to fix Republican economic screw ups.
The worst presidents?
You guessed it: W and Trump.
The doublemint twins of ineptitude.
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