The Economy Does Much Better Under Democrats. Why? (NYT)

Discussion in 'Economics' started by piezoe, Feb 2, 2021.

  1. piezoe

    piezoe

    Opinion
    The Economy Does Much Better Under Democrats. Why?
    G.D.P., jobs and other indicators have all risen more slowly under Republicans for nearly the past century.

    By David Leonhardt

    Graphics by Yaryna Serkez

    Mr. Leonhardt is a senior writer at The Times. Ms. Serkez is a writer and graphics editor for Opinion.

    • Feb. 2, 2021
    Annual growth rate from highest to lowest (1st row: non-farm jobs; 2nd row GDP

    #1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12 #13 #14​
    [​IMG]
    A president has only limited control over the economy. And yet there has been a stark pattern in the United States for nearly a century. The economy has grown significantly faster under Democratic presidents than Republican ones.

    It’s true about almost any major indicator: gross domestic product, employment, incomes, productivity, even stock prices. It’s true if you examine only the precise period when a president is in office, or instead assume that a president’s policies affect the economy only after a lag and don’t start his economic clock until months after he takes office. The gap “holds almost regardless of how you define success,” two economics professors at Princeton, Alan Blinder and Mark Watson, write. They describe it as “startlingly large.”

    For the complete article please see: https://www.nytimes.com/2021/02/02/...te=1&user_id=a29426a01534d4a7bfb67bc30eb3808e
     
    userque and Frederick Foresight like this.
  2. Why? Because they spend money like drunken sailors.

    Then Repubs come into power and try to "cut back on the excess spending initiated by the Dems", and the economy/market doesn't do as well.
     
    Turveyd likes this.
  3. virtusa

    virtusa

    trump.jpg

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  4. A minor tweak changes everything as per usual with hit pieces.

    Thread over.

    gdp.JPG
     
  5. virtusa

    virtusa

    Watch the annual gdp growth rate chart. Results after the first year, so before Covid.

    The China virus was a very weak argument. Trump always told it was a non event, just like the flu, so not important. It would magically disappear very soon. Wearing masks was even not needed.

    Trump did the worst ever for the US economy.

    https://capaction.medium.com/presid...nomic-record-in-recorded-history-65f632376fef

    President Trump has the worst economic record in history
     
  6. You are as full of shit as a Christmas turkey, as the expression goes. ON IGNORE!!
     
    lightninboy likes this.
  7. fn.JPG
     
    lightninboy and smallfil like this.
  8. ElCubano

    ElCubano

    hahaha. @virtusa welcome to the club. Soon he will have no one to ignore.
     
    albion, piezoe and virtusa like this.
  9. virtusa

    virtusa

    #10     Feb 2, 2021