We already know this fact that Dems are better for the economy. Rush and other right wing MSM is to
blame for voters not knowing.
The Party That’s Actually Best for the Economy
Many analyses look at which party is best for the economy. A study from the National Bureau of Economic Research found that Democratic presidents since World War II have performed much better than Republicans. On average, Democratic presidents grew the economy by 4.4% each year versus 2.5% for Republicans.4
A study by Princeton University economists Alan Blinder and Mark Watson found that the economy performs better when the president is a Democrat. They report that “by many measures, the performance gap is startlingly large.” Between Truman and Obama, growth was 1.8% higher under Democrats than Republicans.5
A Hudson Institute study found that the six years with the best growth were evenly split between Republican and Democrat presidents.6
Most of these evaluations measure growth during the president’s term in office. But no president has control over the growth added during his first year. The budget for that fiscal year was already set by the previous president, so it's helpful to compare the gross domestic product (GDP) at the end of the president’s last budget to the end of their predecessor’s last budget.
For Obama, that would be the fiscal year from October 1, 2009, to September 30, 2018. That’s FY 2010 through FY 2017. During that time, annual GDP increased from $15.6 trillion to $17.7 trillion, or 14%.7 That’s 1.7% per year.
The chart below ranks the presidents since 1929 on the average annual increase in GDP.
Link: https://www.thebalancemoney.com/democrats-vs-republicans-which-is-better-for-the-economy-4771839
Replies to: We already know this fact that Dems are better for the economy. Rush and other right wing MSM is to
this has been true for decades. R’s claim fiscal responsibility then destroy
the US economy when elected. D’s get rehired only to fix what R’s destroy. R’s continue to press forward with same narrative and the American voter continues to be sucked in. It appears you can’t fix stupid.
This cycle has been going on and on.
The last time the country had fiscal responsibility was in the Clinton/Gingrich years.
Neither side has dared to go down this path again because it requires less spending and more taxes.
This is correct, and Simpson-Bowles was an opportunity missed.
Now there is no fixing this level of debt, even if the parties could compromise. And Social Security and Medicare are screwed as well.
Who was in office after Clinton?
Don’t include Gingrich as someone who was fiscally responsible. All he did was usher in trumpian style politics and rhetoric.
If you look at the numbers both sides are equally guilty for fiscal irresponsibility.
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Link: https://www.thebalancemoney.com/us-deficit-by-year-3306306
Indeed, look at the numbers...and the circumstances...Reagan, Bush and Trump all instituted tax cuts
for the rich instead of doing what Clinton did...then, due to the "Laissez-Faire" approach to WS Finance (e.g. Credit Default Swaps) and regulations we got the "Great Recession" from G.W. Bush which Obama had to dig us out of with Keynesian Stimulus funding...it worked, but necessarily added to the debt (better than a Depression)...followed by Trump's totally unnecessary tax cut for corps and billionaires, further pumping up the Nat'l Debt...then comes COVID-19 (with DJT totally ignoring the "Pandemic Preparedness Plan left to him by Obama), again requiring Stimulus funding by not only him, but the Biden admin that inherited the mess.
Lesson Learned: Don't depend on the GOP to be the nation's 'Fiduciary'...VOTE DEMOCRAT.