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Reply #9: here ya go... and my memory was off a bit DEM-DEM is the best for economic growht [View All]

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radfringe Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-15-08 04:16 AM
Response to Reply #7
9. here ya go... and my memory was off a bit DEM-DEM is the best for economic growht

May 9, 2005
REPUBLICANS vs. DEMOCRATS ON THE ECONOMY....Did you know that Democratic presidents are better for the economy than Republicans? Sure you did. I pointed this out two years ago, back when my readership numbered in the dozens, and more recently Michael Kinsley ran the numbers in the LA Times and came to the same conclusion.

The results are simple: Democratic presidents have consistently higher economic growth and consistently lower unemployment than Republican presidents. If you add in a time lag, you get the same result. If you eliminate the best and worst presidents, you get the same result. If you take a look at other economic indicators, you get the same result. There's just no way around it: Democratic administrations are better for the economy than Republican administrations.

Skeptics offer two arguments: first, that presidents don't control the economy; second, that there are too few data points to draw any firm conclusions. Neither argument is convincing. It's true that presidents don't control the economy, but they do influence it as everyone tacitly acknowledges by fighting like crazed banshees over every facet of fiscal policy ever offered up by a president.

The second argument doesn't hold water either. The dataset that delivers these results now covers more than 50 years, 10 administrations, and half a dozen different measures. That's a fair amount of data, and the results are awesomely consistent: Democrats do better no matter what you measure, how you measure it, or how you fiddle with the data.

But it turns out there's more to this. Via Brendan Nyhan, I recently read a paper by Princeton's Larry Bartels that adds some fascinating details to this picture.

Sunday, June 06, 2004
If You Want to Live Like A Republican, Vote Democratic (part II)

In a recent blog I laid out the fact that economic growth under Democratic Party controlled administrations is significantly higher than under Republican administrations, at least for the last 52 years. Further, the highest average growth rates have occurred under Federal governments with a Democratic President and a House of Representatives controlled by Democrats.
(Budget/finance bills originate in the House, not the Senate, by order of the US Constitution. So Party control of the House is much more important on economic issues.) Well, 2003 data has been added to the mix, so we now have 53 years of data to look at. We've had 17 years where we had a Democratic President working with a Democratic House. In those years, inflation-adjusted real GDP growth averaged 4.5% per year. In the 6 years when a Democratic President had to contend with a GOP run House, GDP growth averaged 3.9%. In the 26 years when we had a Republican President and a Democratic House, GDP growth averaged 3.0%. Finally, in the five years when the Republicans controlled both the House and the White House, GDP growth was a tepid 2.1%.

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  -Dem vs. GOP presidents & national debt chart yurbud  Jan-14-08 01:52 AM   #0 
  - Of course, Republicans always state it was the Dems who ran up spending in the 80s.  Drunken Irishman   Jan-14-08 01:54 AM   #1 
  - A classic chart!  RuleOfNah   Jan-14-08 01:58 AM   #2 
  - Increases in the national debt vs. deficits  Lasher   Jan-14-08 03:36 AM   #3 
  - Charts like these ought to be on billboards nationwide.  Rageneau   Jan-14-08 04:28 AM   #4 
  - Please be very, very careful...  alofarabia   Jan-14-08 05:33 AM   #5 
  - 2002-present deficits are not primarily due to the war in Iraq.  Lasher   Jan-14-08 10:38 AM   #8 
  - president party affiliation only 1/2 the equation... need to consider congress  radfringe   Jan-14-08 05:46 AM   #6 
  - I would be very interested in seeing that information source.  Lasher   Jan-14-08 10:22 AM   #7 
     - here ya go... and my memory was off a bit DEM-DEM is the best for economic growht  radfringe   Jan-15-08 04:16 AM   #9 
        - Mighty fine, radfringe!  Lasher   Jan-15-08 11:21 AM   #11 
  - Damn!!  malaise   Jan-15-08 04:36 AM   #10 

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