Democratic Presidents Have Nearly Doubled The Economic Growth Of Republican Presidents!!!

According to data collected from the Joint Economic Committee, Democratic Presidents have been far more successful when it comes to the economy versus their Republican counterparts since the Great Depression. During that period there has been an even split, seven Democratic and seven Republican presidents. But when it comes to economic success the results have been shockingly lopsided in favor of Democrats.

What the numbers show is that “from 1933 to 2020, the economy grew at an average rate of 4.6% per year under Democratic presidents or nearly double the 2.4% under Republican presidents.”

Democrats nearly always take over the office with a bad economy and throughout their terms build up a strong economy. Once that strong economy is then handed over to a Republican president. It becomes stagnant and then bottoms out just in time to hand it back to a Democrat. Who then restores economic growth. It’s a vicious cycle that the American public should be aware of.

Just think about the pattern of the last four Presidents. George W. Bush took over a booming economy, by the time Barack Obama took office eight years later. The economy was on the brink of collapse due largely to the banking crisis that Bush oversaw. Once Obama took the reins the economy started an upward trajectory that he passed on to Donald Trump. Trump like Bush demolished all the economic growth as the economy crashed in just a four-year term. More jobs were lost under Trump than any other President in history. The damage done under the Trump tenor was catastrophic. He handed President Joe Biden a massive undertaking. The Biden administration was able to achieve not only a total rebuild of the economy he has the largest job growth in the history of America.

“Democratic presidents often inherit weak economies and leave their successors with strong ones. In fact, 10 of the last 11 recessions began under Republican presidents. For example, after inheriting the Great Recession from President Bush, President Obama handed Trump the longest continuous run of job creation under a single president in modern U.S. history. President Trump became the first president in history to oversee net job losses during his single term in office, while the U.S. economy is experiencing record job growth since President Biden took office”

That trend has been continuous since the Great Depression. “Of the seven presidents with the highest annual economic growth rate, five are Democrats. Conversely, five of the seven presidents with the lowest economic growth rate are Republicans.
Of the seven presidents with the highest annual rate of job creation, six are Democrats. On the flip side, six of the seven presidents with the lowest job creation are Republicans.”
Most recently, President Biden has overseen 5.7% real GDP growth, the highest annual economic growth rate since 1984,” and the creation of over 14 million jobs, the most in recorded history.

“Academic studies confirm Democrats’ edge in economic performance. In a 2016 paper, economists Alan Blinder and Mark Watson concluded that, “The US economy has performed better when the president of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance.” Focusing on real GDP growth, they find that the performance gap between Democratic and Republican presidents is large and significant. Ultimately, Blinder and Watson conclude that the performance gap “holds almost regardless of how you define success.””

“Economic journalism has also highlighted the stronger performance under Democratic presidents—and how this trend holds over time. A New York Times analysis found this pattern to be startlingly consistent, such that journalist David Leonhardt concluded that “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.” Democratic presidents have pursued evidence-based economic policies that benefit workers and families and support broad-based growth, while Republicans pursue policies that favor the wealthy and contribute to rising economic inequality.”

“Historically, Democratic presidents have inherited weak economies from their Republican predecessors and have responded with policies that jumpstarted economic growth and improved economic well-being. George W. Bush administration policies directly contributed to the Great Recession, which reduced earnings for a generation of workers, led to years of widespread unemployment and caused an unprecedented decline in wealth. President Bush left office with just 1.4 million jobs added across his presidency and an unemployment rate of 7.8%—nearly double what it was when he entered office.

After inheriting a sputtering economy, President Obama spearheaded the longest expansion under a single president in U.S. history. During 76 consecutive months, 15 million jobs were created. The unemployment rate was cut from 10% near the height of the Great Recession in October 2009 to 4.7% in January 2017.

By contrast, President Trump inherited the longest economic expansion in U.S. history from President Obama and left office as the first president since World War II to oversee net job loss during his term. Even before the coronavirus, job growth under President Trump had slowed: just 183,000 new jobs on average were added during his first three years in office. He left office with 3 million fewer Americans employed than when he was sworn in. Despite inheriting an economy with a 4.7% unemployment rate, President Trump left office with an unemployment rate of 6.3%”.

“In just his first year, President Biden has overseen the fastest economic growth in 40 years, the most jobs added in a single year in recorded history and the largest calendar-year decline in the unemployment rate ever.” Under President Biden, the unemployment rate has fallen to 3.4% in April 2023 from a pandemic high of 14.7% in April 2020 and 14+ million jobs have been added.

The facts are very clear over nearly a hundred-year period. With the last four Presidential cycles bearing out the pattern. Republicans are not only pushing a social agenda that is divisive and strips liberties away from a large portion of the electorate. They are almost always terrible for the economy. Not quite the perception that Conservative media wants you to know. Republicans are consistently harmful to the nation’s democracy with their erosion of citizens’ rights. Coupled with the fact that their policies are extremely unpopular with a large portion of the population. Most people would just assume that their economic record is strong. That’s what polls would suggest. However, the data tells a far different story. Republicans are not only a threat to women, minorities, and the LGBTQ community. They are a consistent threat to the economic success of the United States of America. It makes you wonder if there is anything that Republicans do well. I certainly have seen no evidence of it in my lifetime. Neither has any other American born after the Depression. So please do the only fiscally responsible thing you can for America and VOTE DEMOCRAT every time.

The Joint Economic Committee Report

https://www.jec.senate.gov/public/_cache/files/6d4178de-4e67-49fe-9c04-e4af42ed5964/biden-continues-the-trend-of-strong-economic-growth-and-job-creation-under-democratic-presidents-final.pdf

Alan Blinder and Mark Watson Study

https://www.aeaweb.org/articles?id=10.1257/aer.20140913