Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

crickets

(26,146 posts)
6. Based on what? It's not even close.
Sat Jun 15, 2024, 05:49 PM
Jun 2024

Economic performance is stronger when Democrats hold the White House
https://www.epi.org/publication/econ-performance-pres-admin/

(no paywall; includes lots o' data)

Since 1949, there has been a Democratic advantage in the average performance of key macroeconomic indicators measuring economic health, including:

Gross Domestic Product (GDP) growth
Job growth
Unemployment rate
Growth in inflation-adjusted wages
Growth of market-based incomes per capita
Inflation
Interest rates

This Democratic advantage is across the board in all variables we measure but strongest in private-sector outcomes—notably, business investment, job growth, and the growth of market-based incomes.

Household income growth (adjusted for inflation) was faster on average and far more equal during Democratic administrations, and the Democratic advantage shows up for every group. [snip]

As Blinder and Watson (2016) note in their abstract, the performance gap between Democratic and Republican administrations is “so large, in fact, that it strains credulity, given how little influence over the economy most economists (or the Constitution, for that matter) assign to the president of the United States.”
Latest Discussions»General Discussion»Was told republicans are ...»Reply #6