President Barack Obama Message Board

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Politics : President Barack Obama

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To: Wharf Rat who wrote (144873)	8/3/2014 10:10:28 AM
From: Wharf Rat	1 Recommendation of 149317

Another expose of the failure of Republican economics. Altho this says "half a century", it could be taken all the way back to '28. Study: The economy has done better under Democratic presidents Updated by Brad Plumer on July 29, 2014, 10:20 a.m. ET For the past half-century, the US economy has consistently grown faster under Democratic presidents than under Republican ones. And in a new study, two economists ask whether there's a reason for that — or if it's all just a coincidence. The numbers are pretty clear on this. Between 1947 and 2012, the US economy grew at an average real annual rate of 4.35 percent during Democratic administrations and just 2.54 percent during Republican ones. And the gap persists even if you play around with the numbers a bit — say, by giving presidents less credit for the period immediately after taking office or by removing the extreme outlier years (like the financial crisis at the end of George W. Bush's second term) or by fiddling with the dating of recessions: Note that this chart only runs through Obama's first term. (Watson/Blinder, 2014) vox.com

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