Re; On the gallows they'll still be blaming Bubba.
The Republicans believe that they handle the economy better than the Democrats but the facts speak otherwise.
Blaustein's claims are simply laid out to try to dispel the widely-accepted notion that Democrats don't manage the economy nearly as well as Republicans. The professor takes a look at the different presidential administrations in place since World War Two -- five Republicans and five Democrats. He then asks eight questions that most people would agree represent good management of the American economy. He asks, "Which president produced...?"
The largest growth in the gross domestic product? (Answer: Truman, [Democrat])
The largest growth in jobs? (Carter, [D])
The biggest increase in personal disposable income after taxes? (Johnson, [D])
The largest growth in industrial production? (Kennedy, [D])
The biggest rise in hourly wages? (Johnson, [D])
The lowest Misery Index (inflation plus unemployment)? (Truman, [D])
The lowest inflation? (Truman, [D])
The largest reduction in the deficit? (Clinton, [D])
As you can see, the Democratic presidents were able to make a clean sweep of these 8 categories versus the Republicans
Further
During the 20th century, the Dow Jones Industrial Average has risen, on average, 7.3 percent annually under Republican presidents. Under Democrats, that index has risen 10.3 percent per year. For those who know the power of compound growth, this is an enormous difference
Under Bush, the performance of Republican presidents has been decimated.
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