Photo by Frank Busch / Unsplash

Yes, Democrats manage the economy better than Republicans.

And they have, for a long time.

Bruce Maples
Bruce Maples

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.”

--30--

Print Friendly and PDF
Analysis

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.)


Comments

Comment Policy
– Only real names and email addresses allowed for sign-ups and comments.
– Vigorous discussion is encouraged, but comments that go over the line will be deleted.

Sign in or become a Forward Kentucky Subscriber to join the conversation. Just enter your email below to get a log in link.

Got Tips?

Got a story we need to cover? Something being covered up? A rumor we should look into? Send it to Tips@ForwardKY.com. We can't promise it will become a story, but we can promise one thing: tips are confidential, and all sources are protected.

Top Articles

Site Stats

Clicky