Tornado Alley (PROG)

[blackhawks]

Last 40yrs was tough on the blue collar bunch in the US, the next 40 is shaping up to be better....

You bet it was tough, but you'll never acknowledge which Party, which presidents, are more responsible for those tough years and which Party and presidents did best at making it less tough. As for the next 40 years? If the past is prologue, yep. Every transition from Republican to Democratic administrations in recent decades has resulted in faster job growth.

And note, ALL of the metrics below hold true no matter the free trade rules. Both Parties played under the same rules, one Party was more economically effective.

How did the economy fare under GOP and Dem presidents over the past 40 years?

Over the past 40 years, the U.S. economy has generally performed better under Democratic presidents than Republican presidents across multiple metrics such as GDP growth, job creation, stock market returns, and unemployment rates.

Real GDP growth averaged higher under Democrats (around 3.5% per year) compared to Republicans (approximately 2.4% per year). Job creation has been significantly faster under Democrats, with monthly job additions around 2.2 to 2.6 times higher on average than under Republicans.

### Economic Performance Metrics by Party

- **GDP Growth:** Real GDP growth since the mid-20th century has been about 1.5 percentage points higher on average during Democratic administrations. For example, from Truman to Obama, annual GDP growth averaged about 4.3% under Democrats versus 2.5% under Republicans. This pattern continued in recent presidencies, with Biden's term showing stronger GDP growth than Trump's last years.

- **Job Creation:** Democrats have achieved substantially faster job growth. From 1945 to 2023, about 72% of net jobs were created under Democrats compared to 28% under Republicans, with monthly job creation roughly 2.4 times greater under Democratic presidents.

- **Unemployment and Deficits:** Unemployment rates typically fell under Democratic presidents and rose under Republicans. Budget deficits were generally lower relative to the economy under Democrats, while some Republican administrations, notably Trump's pre-pandemic years, saw large increases in deficits primarily driven by tax cuts.

### Job Creation and GDP Growth by Presidents (last ~40 years)
| President | Party | Job Growth Rate (annual) | Real GDP Growth Rate (annual) |
|----------------|-----------|--------------------------|-------------------------------|
| Ronald Reagan | Republican| ~2.06% (nonfarm employment)| ~3.48% |
| George H.W. Bush| Republican| ~0.61% | ~2.24% |
| Bill Clinton | Democratic| ~2.4% | ~3.88% |
| George W. Bush | Republican| ~0.13% | ~2.21% |
| Barack Obama | Democratic| ~1.04% | ~1.67% |
| Donald Trump | Republican| -0.51% | ~1.42% |
| Joe Biden | Democratic| ~2.68% | Pending |

### Summary of Trends

- Every transition from Republican to Democratic administrations in recent decades has resulted in faster job growth.
- The economy has expanded faster and unemployment generally improved more under Democratic presidents.
- Deficits tended to be better controlled under Democrats, while some Republican terms saw tax cuts focused on corporations and the wealthy that contributed to larger deficits before the pandemic.

The reasons behind these differences are debated, with economic context, global factors, and policies all playing roles. However, the data consistently show stronger economic indicators on average under Democratic presidencies over the last 40 years and beyond.[1][2][3][4]

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