Economists Agree: Democratic Presidents are Better at Making Us Rich. Eight Reasons Why.
Democratic administrations over the last century have delivered far faster economic growth. What explains that?
By Steve Roth
In 2013, economists Alan Blinder and Mark Watson — no wild-eyed liberals, they — asked a very important question: Why has the U.S. economy performed better under Democratic than Republican presidents, “almost regardless of how one measures performance”?
Start with their “performed better” assertion: it’s uncontestable. While you can easily cherry-pick brief periods and economic measures that show superior economic performance under Republicans, over any lengthy comparison period (say, 25 years or more), by pretty much any economic measure, Democrats have outperformed Republicans for a century. Even Tyler Cowen, director of the Koch-brothers-funded libertarian/conservative Mercatus Center, stipulates to that fact without demur.
Here’s just one bald picture of that relative performance, showing a very basic measure, GDP growth:
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