Believe it or Not!
Democratic Presidents Manage the Economy Better Than Republicans

  • Politifact truth-o-meter: Stock Market does better under Democratic Presidents than Republican Presidents
  • Nine of the last ten recessions have occurred under Republican Presidents.
  • Democratic presidents create nearly twice as many jobs per year as Republican Presidents.
  • Republican presidents' deficits are 25% larger than Democrats' and 63% higher as a percent of GDP.
  • GDP grows 44% faster under Democratic Presidents.
  • Business investment has grown twice as fast under Democratic Presidents than under Republican Presidents.
  • Forbes Guest Post (11/7/16): The Economy Does Better Under The Democrats
Click on a chart to see the facts

DEMOCRATS AND ECONOMIC GROWTH

 

This data is compiled by offsetting a Presidentís Administration by a year to account for the fact that the Federal budget for any given fiscal year is drafted and passed in the previous calendar year.† For example, 1993ís budget was drafted and passed in 1992, during the Bush administration, so that year is ascribed to President Bush, even though President Clinton was in office in 1993.

 

One exception has been made:† 2009ís ARRA was drafted and passed by the Obama administration, creating $114 billion of Federal outlays for 2009.† That amount has been subtracted from President Bush IIís 2009 budget/deficit total and added to President Obamaís.

 

Since World War II . . .

          Almost twice as many jobs are created per year under Democratic Presidents than Republican Presidents (1.9 million jobs under Democratic Presidents versus 1 million jobs under Republican Presidents.)

          The deficit under Republican Presidents has been more than twice as large as the under Democratic Presidents.† In dollars, Republican Presidents have contributed nearly $4 trillion more to the national debt than Democratic Presidents.

          GDP growth has been 44% higher under Democratic Presidents.

          Business Investment Growth has been 165% higher under Democratic Presidents.

          Unemployment has been 18% higher under Republican Presidents.

          Average increase in weekly earnings have been 72% higher under Democratic Presidents

          Nine of the last ten recessions have occurred under Republican Presidents (www.nber.org/cycles.html)

 

JOB GROWTH

Democratic Presidents have helped create 24.4 million more jobs than Republican Presidents, and on year-toyear basis jobs have grown nearly twice as fast under Democratic Presidents as under Republican Presidents.

                   Total jobs created under Democratic Presidents: 62,688,000

                   Total jobs created under Republican Presidents: 38,256,000

                   Average yearly growth in jobs under Democratic Presidents:† 1,899,000

                   Average yearly growth in jobs under Republican Presidents:† 1,063,000

 

GDP GROWTH

Real Gross Domestic Product growth under Democratic Presidents has been 44% higher than during Republican Presidents.

                   Average real GDP growth per year under Democratic Presidents: 3.75%

                   Average real GDP growth per year under Republican Presidents: 2.6%

 

BUSINESS INVESTMENT GROWTH

Real business investment growth under Democratic Presidents has been 193% higher than under Republican Presidents.

                   ††Average growth per year under Democratic Presidents:††† 7.24%

                   ††Average growth per year under Republican Presidents:††† 2.47%

 

FEDERAL BUDGET DEFICITS

Federal budget deficits under Republican Presidents collectively are 24% higher than under Democratic Presidents (as a percentage of GDP, Republican Presidents have been 63% higher than Democratic Presidents).

                   Total Democratic Budget Deficits: $6273.2 billion

                   Total Republican Budget Deficits: $7807.2 billion

                   Democratic Presidentsí annual deficits averaged 2.37% of GDP

                   Republican Presidentsí annual deficits averaged 3.88% of GDP

 

UNEMPLOYMENT

Unemployment under Republican Presidents has been 18% higher than under Democratic Presidents.

          †††††Average unemployment per year during Democratic Presidents: 5.27%

                   Average unemployment per year during Republican Presidents: 6.24%

 

 

GROWTH IN SPENDING

Federal Spending has increased nearly three times as fast under Republican Presidents than under Democratic Presidents

                   Democratic Presidentsí annual spending increased by an average of $25.3 billion per year

                   Republican Presidentsí annual spending increased by an average of $70 billion per year

 

BALANCE OF TRADE

Trade deficits under Republican Presidents have been 39% higher than under Democratic Presidents.

- ††††††††† Total trade deficit under Democratic Administrations (in millions): $4,198,231

- ††††††††† Total trade deficit under Republican Administrations (in millions): $5,844,269

 

 

STOCK MARKET

The Stock Market under Democratic Presidents has grown 200% faster under Democratic Presidents than under Republican Presidents.

-†††††††††† Average yearly growth in Stock Market returns under Democratic Presidents: +1.92%

-†††††††††† Average yearly growth in Stock Market returns under Republican Presidents: +0.64%

 

www.nytimes.com/interactive/2012/03/23/business/among-the-best-presidents-or-the-worst-in-economic-terms.html

 

For more detailed information and specific sources, click on the topic above.

Most Sources from: Statistical Abstract of the United States; 1992-2015 Economic Reports of the President, Congressional Budget Office, Bureau of Labor Statistics, all data since World War II. ††

 

*Jere Glover has been collecting and publishing this data since 1980, 21st Century has been publishing the data on its website for 10 years. 

Data compiled here come from official government sources such as Statistical Abstracts of the United States, the Economic Reports of the President, and the US Census Bureau.
Contact: Jere Glover, 21st Century Democrats, jerewglover@msn.com