Economic performance is stronger when Democrats hold the White House

[Speedy]

File this story under: Duh.

https://www.epi.org/publication/econ-per...res-admin/

Summary: The economy performs much better during Democratic presidential administrations than during Republican ones.
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Key findings

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.



Why this matters

We suspect that the simple facts on economic performance during Democratic and Republican administrations aren’t well known. Providing accurate economic information at a time of rampant misinformation supports an informed citizenry.

[Lux Interior]

Yeah, but my feelings.

[Carnos Jax]

And now the dollar is getting stronger.....the magats heads are going to explode!

[clay]

Is EPI (report author) known to be non-partisan? How are they generally viewed on both sides of the aisle? Just trying to gauge what sort of reception this report is likely to get in the broader public scene.

[mrbigstuff]

Lux Interior wrote:
Yeah, but my feelings.

You know what I feel about your feelings

[bfd]

mrbigstuff wrote:
[quote=Lux Interior]
Yeah, but my feelings.

You know what I feel about your feelings


But what about Morris Albert? What about HIS feelings? (Sorry about the earworm…)

[$tevie]

clay wrote:
Is EPI (report author) known to be non-partisan? How are they generally viewed on both sides of the aisle? Just trying to gauge what sort of reception this report is likely to get in the broader public scene.

They are respected for their factual information, but are considered to tilt center-left. So it will be ignored by MAGAs and arch conservatives.

[RAMd®d]

Summary: The economy performs much better during Democratic presidential administrations than during Republican ones.


Any hint of this is enough to trigger MAGAts to ignore it.

[Ca Bob]

Some economist at Princeton did this study a while back and found the effect existed for the entire 20th century, if I recall correctly. People speculated about the result as to why, one explanation being that Democratic presidents concentrated more on reducing unemployment, whereas Republicans concentrated on keeping inflation low to nonexistent.

[Tiangou]

RAMd®d wrote:
Summary: The economy performs much better during Democratic presidential administrations than during Republican ones.


Any hint of this is enough to trigger MAGAts to ignore it.

A rising tide lifts all boats.

That's SOCIALISM!!