I was recently challenged (yet again) to support this contention:
"The economy has done better under Democrats than Republicans, in spite of the hackneyed sayings pushed by conservatives."
I was asked:
Whats your source for that radical opinion?
Here was/is my reply, in part, with most data covering the time from Ronald Reagan until Autumn of 2024 (e.g., including DJT-45 and most of Biden's term):
Facts from the real world.
How about this quote:
It just seems that the economy does better under the Democrats than the Republicans.[13]
(See https://simple.m.wikipedia.org/wiki/U.S._economic_performance_under_Democratic_and_Republican_presidents)
Do you know who said that? DJT said that.
But let's dig in to some recent reality, with info from:
the Bureau of Labor Statistics:
1) US Job Growth by Pres (1981 - Sep 2024)
Do you see who lost MORE THAN 2.7 MILLION JOBS? DJT!
Who ADDED jobs, more than DJT lost? BIDEN.
2) Change in US Unemployment Rate by Pres (1981 - Sep 2024)
Do you see who INCREASED unemployment? DJT!
Who DECREASED unemployment, more than DJT increased it? BIDEN.
3) Change in US Manufacturing Jobs by Pres (1981 - Sep 2024)
Do you see who lost 178,000 manufacturing jobs? DJT!
Who ADDED 4x MORE manufacturing jobs than DJT lost? BIDEN.
the Bureau of Economic Analysis:
4) Change in Real US GDP (chained 2017 dollars) by Pres (1981 - Q2 2024)
Do you see who grew the economy LESS than Biden? DJT!
Who grew the economy MORE than DJT? Biden.
the Congressional Budget Office:
5) US National Debt under DJT-45 and Biden - CRFB using CBO
Do you see who INCREASED the National Debt MORE than Biden? DJT!
Who INCREASED the National Debt LESS than DJT? Biden.
the US Census Bureau:
6) US Small Business Formation under DJT-45 and Biden (- Aug 2024)
Do you see who grew the Small Businesses LESS than Biden? DJT!
Who grew Small Businesses by 28% MORE than DJT? Biden.
7) Manufacturing Investments by Pres (2002 - Aug 2024)
Do you see who had LESS Manufacturing Investment than Biden? DJT!
Who hugely outpaced DJT's Manufacturing Investment? Biden.
If you disagree, What's YOUR source for YOUR opinion?
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1929, 1987, 2008, 2020. Not a coincidence which party controlled the federal government every time the market takes historic dives. Not to mention recessions in 1958, 1973-74 and 1982.
It’s a fact that the market and economy are stronger during Democratic administrations.
