Yes, Democrats manage the economy better than Republicans. Skip to content

Yes, Democrats manage the economy better than Republicans.

You would think that the so-called “party of big business” would know how to make our economy hum. Turns out it’s the Dems who are better at it.

1 min read
Photo by Frank Busch / Unsplash

The old cliches are still in use, and just as tired: “Republicans are the party of business, and know how to run the economy. Put Democrats in office, and you’ll have both socialism and a recession at the same time. Or maybe even a depression. Trust us – we GOPers are better for the economy.”

Unfortunately, like any number of cliches, especially Republican ones, this one is just not true.

We could trot out charts and graphs galore, such as the one showing Republican administrations adding billions to the national debt, while Democratic ones actually lower both the debt and the deficit. Or the one showing job growth under Democrats to be two-and-a-half times greater than that of Republicans. (!!)

But, in case you ever need to discuss/debate this with your Repub uncle who can’t believe it’s true, here are some statistics courtesy of Heather Cox Richardson. Cut them out, laminate them on a card, and pull them out when needed:

The economy has boomed under President Joe Biden, putting the lie to the old trope that Democrats don’t manage the economy as well as Republicans.

This should not come as a surprise to anyone. The economy has performed better under Democrats than Republicans since at least World War II. CNN Business reports that since 1945, the Standard & Poor’s 500 — a market index of 500 leading U.S. publicly traded companies — has averaged an annual gain of 11.2% during years when Democrats controlled the White House, and a 6.9% average gain under Republicans. In the same time period, gross domestic product grew by an average of 4.1% under Democrats, 2.5% under Republicans. Job growth, too, is significantly stronger under Democrats than Republicans.

“[T]here has been a stark pattern in the United States for nearly a century,” wrote David Leonhardt of the New York Times last year, “The economy has grown significantly faster under Democratic presidents than Republican ones.”


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Bruce Maples

Bruce Maples has been involved in politics and activism since 2004, when he became active in the Kerry Kentucky movement. (Read the rest of his bio on the Bruce Maples Bio page in the bottom nav bar.)

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