Link :: Historical Review – 100 Years of Economic Data Methodology Overview
But Fake News, right?
This article does an analysis of the last 100 years of economic data and concludes that the economy has historically performed better under Democratic presidents.
key points ::
- GDP Growth: Real GDP growth has been significantly higher under Democrats, with some studies showing a difference of 1.5 to 2 percentage points.
- Unemployment and Job Creation: The data indicates that unemployment tends to decrease and job creation is stronger during Democratic administrations.
- Stock Market and Investment: The stock market and private sector investment have also shown better performance during periods of Democratic leadership.
A president’s influence is only one factor affecting the economy. Other events like Federal Reserve policy, broader structural economic shifts, natural or man-made disasters, and global events will effect the economy.
Still, correlation is not causation, but this helps challenge the idea that the GOP is inherently better for business and the economy.