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? Texas For Trump Flag. Start with their performed better assertion: it’s uncontestable.
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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 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. Texas For Trump Flag. In Presidents and the U.S. Economy: An Econometric Exploration, authors Alan Blinder and Mark Watson compare the economic records of Republican and Democratic presidential administrations, focusing on the period since World War II when data on gross domestic product and employment have been collected in a consistent manner. They find GDP tends to grow much faster under Democratic presidents averaging 4.33% per year) than Republican presidents averaging 2.54% per year. The authors note that this 1.8 point GDP growth gap between the parties is quite large roughly equivalent to the 2.0 point gap between the booming 1990’s and the much rockier economy of the last ten years.
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There are other ways to measure the health of the economy besides GDP, but almost no matter which one is used, the economy seems to do better under Democratic presidents. Texas For Trump Flag. There were only 16 presidential terms between 1949 and 2013, and only 12 different people who served as president.