I have been saying this for years now.
Courtesy of the Daily Beast:
If you’re a typical person, even if you’re pretty well-informed, you probably believe that the Republicans are the party of big business and private enterprise. You probably believe on some level all the things the Republicans say about the free market—for example, that regulations are a job-killer. Mind you, you may be a liberal and still support regulations for other reasons, including that they save lives in the workplace or are good for the environment. But I bet some part of you still believes that the Republicans are the party that’s been better for business. After all, they say it all the time, and the Democrats never, ever say otherwise.
Well, like most other things Republicans say these days, it’s not true. In fact, it’s not even remotely close to true.
The economy does better under Democratic presidents. Indeed, it does a lot better—so much better that economists are almost kind of confused by it. The most authoritative recent study of which I’m aware was done in 2016 by Princeton economists Alan Blinder and Mark Watson. Here’s a page with a link to the full 31-page .pdf for those of you who like to wonk out on such matters. For the rest of you, here’s the first sentence: “The U.S. economy has performed better when the president of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance.”
There is a section in the middle of this article about Republicans having bad luck with oil prices and how that might contribute to a struggling economy, but then immediately after that it all but refutes that as a realistic excuse.
The truth, according to Blinder and Watson, is that the economy has been in recession 28 percent of the time under GOP presidents and 7 percent of the time under Democrats.
The period from 1961 up through 2017 covers 56 years. As it happens, the parties split presidential control during that time exactly evenly, 28 years each. In the Republicans’ 28 years, the non-farm job rolls added 31.5 million workers. In the Democrats’ years? Try 61.2 million. Essentially twice as many.
The facts are that Republicans lie about their record with the economy and instead of blowing our own horn, the Democrats simply let them get away with it.
I remember how bad the economy was under Bush Sr. and Bush Jr., and also remember how dramatically it was turned around by two Democratic Presidents, while the Republicans fought them at every turn fearing that their success would ensure a second term.
Do you want a stronger economy? Vote for the Democrat.
Do you want more jobs? Vote for the Democrat.
Do you want a country that is moving forward and making progress?
You get the idea.
It time that Democrats start shaking their pom-poms and cheering for their successes loud enough for the voters to hear it over the GOP lies.
If we don’t we might remain stuck with an orange-tinted asshole who brags at the top of his lungs about an economy created by his Democratic predecessor.