trump says the economy does better under the democrats

Trump says the economy does better under democrats.

10 of the last 11 recessions in the United States have begun under Republican Administrations

Since 1962, Democratic Presidents have created 21.1 million more jobs than Republican Presidents, and jobs have grown almost twice as fast under Democrats than under Republicans


· Total jobs created under Democratic Presidents: 68,312,000


· Total jobs created under Republican Presidents: 32,194,000


· Average yearly growth in jobs under Democratic Presidents: 1,952,000


· Average yearly growth in jobs under Republican Presidents: 825,500


· Average yearly percent growth in jobs under Democratic Presidents: 2.54%


· Average yearly percent growth in jobs under Republican Presidents: 1.17%

Average GDP growth per year under Democratic Presidents: 3.50%


· Average GDP growth per year under Republican Presidents: 2.02%

Average growth per year under Democratic Presidents: 6.6%

· Average growth per year under Republican Presidents: 2.92%

• More than twice as many jobs are created per year under Democratic Presidents than Republican Presidents (1.95 million jobs/year under Democratic Presidents versus 825,500 jobs/year under Republican Presidents.)
• Budget deficits under Republican Presidents have been $4 trillion more than under Democratic Presidents.
• Ten of the last eleven recessions have begun under Republican Presidents (www.nber.org/cycles.html)

Since 1962​

• GDP growth has been 75% higher under Democratic Presidents.
• Business Investment Growth has been 126% higher under Democratic Presidents.
• Unemployment has been 15% higher under Republican Presidents.
• Average increase in weekly earnings have been positive under Democratic Presidents and negative under Republican Presidents

Job Growth​

Democratic Presidents have helped create 21 million more jobs than Republican Presidents, and on year-to-year basis jobs have grown nearly twice as fast under Democratic Presidents as under Republican Presidents.

• Total jobs created under Democratic Presidents: 68,312,000
• Total jobs created under Republican Presidents: 32,194,000
• Average yearly growth in jobs under Democratic Presidents: 1,952,000
• Average yearly growth in jobs under Republican Presidents: 825,500

GDP Growth​

Real Gross Domestic Product growth under Democratic Presidents has been 75% higher than during Republican Presidents.

• Average GDP growth per year under Democratic Presidents: 3.50%
• Average GDP growth per year under Republican Presidents: 2.02%

Business Investment Growth​

Real business investment growth under Democratic Presidents has been 126% higher than under Republican Presidents.

• Average growth per year under Democratic Presidents: 6.6%
• Average growth per year under Republican Presidents: 2.92%

Federal Budget Deficits​

Federal budget deficits under Republican Presidents collectively are 54% higher than under Democratic Presidents (as a percentage of GDP, Republican Presidents have been 65% higher than Democratic Presidents).

• Democratic Presidents' annual deficits averaged 2.07% of GDP
• Republican Presidents' annual deficits averaged 3.42% of GDP
• Total Democratic Budget Deficits: $8,085.1 billion
• Total Republican Budget Deficits: $12,442.5 billion

Unemployment​

Unemployment under Republican Presidents has been 15% higher than under Democratic Presidents.

• Average unemployment per year during Democratic Presidents: 5.59%
• Average unemployment per year during Republican Presidents: 6.43%

Growth In Spending​

Federal Spending has increased twice as fast under Republican Presidents than under Democratic Presidents

• Democratic Presidents' annual spending increased by an average of $36.9 billion per year
• Republican Presidents' annual spending increased by an average of $78.6 billion per year

Balance of Trade​

Trade deficits under Republican Presidents have been 39% higher than under Democratic Presidents.

• Total trade deficit under Democratic Administrations (in millions): $5,625,690
• Total trade deficit under Republican Administrations (in millions): $7,042,879

Doesn't this all come down to recessions though? When a Democrat inherits an economy damaged by recession (most obviously Obama) they can't help having good GDP growth, jobs growth, and even the balance of trade.

So the question should be, are Republicans doing something wrong which causes recessions? Or is it just bad luck, the way they have good luck with appointing SC Justices.

One thing Republican administrations have in common is a tax cut package. Could tax cuts be overheating the economy, causing it sooner or later to crash? An unpleasant consequence of this is that "correct" GDP growth rate is lower than we're used to. It might be only 1.5% or even 1%. But to be honest, I think recessions come from the private sector, and neither government tax nor government spending can prevent them.

Ug make hammer said:

Doesn't this all come down to recessions though? When a Democrat inherits an economy damaged by recession (most obviously Obama) they can't help having good GDP growth, jobs growth, and even the balance of trade.

So the question should be, are Republicans doing something wrong which causes recessions? Or is it just bad luck, the way they have good luck with appointing SC Justices.

One thing Republican administrations have in common is a tax cut package. Could tax cuts be overheating the economy, causing it sooner or later to crash? An unpleasant consequence of this is that "correct" GDP growth rate is lower than we're used to. It might be only 1.5% or even 1%. But to be honest, I think recessions come from the private sector, and neither government tax nor government spending can prevent them.

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The united kingdom gave tax cuts to the rich and the economy crashed.

In a rare moment, Trump is right.

CNN reports, "New CNN polling in two critical Senate battlegrounds finds that Arizona Democratic Sen. Mark Kelly holds a narrow lead over Republican challenger Blake Masters, while there is no clear leader in the race in Nevada between Democratic Sen. Catherine Cortez Masto and her GOP opponent, Adam Laxalt.

"The Arizona poll finds that 51% of likely voters are behind Kelly, with 45% backing Masters. In Nevada, 48% of likely voters support Laxalt, with 46% behind Cortez Masto.

"The polls suggest the underlying political climate in each state favors the GOP. Voters in both states are more likely to say the country will be better off than worse off if Republicans are in control of Congress (among registered voters, 44% to 35% in Nevada, 44% to 38% in Arizona), and President Joe Biden’s approval ratings break negative (39% approve and 60% disapprove in each state)."

It is surprising that a majority of American voters think Republicans can do a better job. The last time the GOP got to choose our President we got Trump. He thinks he is still President, and many Republicans in Congress agree with him. 147 Republicans voted to overturn the election results. https://www.nytimes.com/interactive/2021/01/07/us/elections/electoral-college-biden-objectors.html

Most Americans think Republicans can do a better job with the economy.

During the Reagan-to-Trump timeline, the Republican presidencies had four recessions start in their terms: one each under Reagan and George H. W. Bush, and two under George W. Bush. By contrast, Democrats Bill Clinton and Barack Obama had zero.
The Biden economy is on fire. With full employment, job growth, and robust spending, it is why we have inflation.

The GOP gives heavy emphasis on crime when attacking Democrats, claiming the Democrats are soft on crime.

It is safe to say most criminals use illegal guns. The NRA-sponsored Republican Party is strongly opposed to meaningful gun control legislation. The Democratic Party strongly supports meaningful gun control legislation to keep guns out of the hands of criminals, the mentally ill, and lost teenagers. Go figure.

Republicans avoid certain issues, such as their leader supporting a coup attempt on Jan. 6, 2021, to overthrow our elected government because he lost reelection by seven million votes.

The coup failed, so Trump had to pack up and leave the White House. He took with him hundreds of pages of classified documents.

The majority of Americans think Republicans can do a better job???

Still another factor, Republicans don't talk. As this thread attests, Republicans refuse to discuss the issues such as the issues presented here. They are good at lying, creating fantasies, lobbing personal insults, and providing cartoons, but the issues and what their party is doing are taboo.

Want proof? let's see if any Republican addresses the issues in this report.

I think it's well known that Democratic presidents coupled with Republican controlled Congress produce the best economic results, historically speaking.

Ug make hammer said:

Doesn't this all come down to recessions though? When a Democrat inherits an economy damaged by recession (most obviously Obama) they can't help having good GDP growth, jobs growth, and even the balance of trade.

So the question should be, are Republicans doing something wrong which causes recessions? Or is it just bad luck, the way they have good luck with appointing SC Justices.

One thing Republican administrations have in common is a tax cut package. Could tax cuts be overheating the economy, causing it sooner or later to crash? An unpleasant consequence of this is that "correct" GDP growth rate is lower than we're used to. It might be only 1.5% or even 1%. But to be honest, I think recessions come from the private sector, and neither government tax nor government spending can prevent them.

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lack of regulation under republicans is a big issue as well.

memberya2 said:

The united kingdom gave tax cuts to the rich and the economy crashed.

The UK’s growing economic crisis, explained

New UK Prime Minister Liz Truss introduced a massive tax cut package — and triggered a currency crisis.

www.vox.com

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I guess significant operators of The Economy could imagine peasants with pitchforks coming for them.

Truss is an idiot, but that's hardly news.

Ug make hammer said:

Doesn't this all come down to recessions though? When a Democrat inherits an economy damaged by recession (most obviously Obama) they can't help having good GDP growth, jobs growth, and even the balance of trade.

So the question should be, are Republicans doing something wrong which causes recessions? Or is it just bad luck, the way they have good luck with appointing SC Justices.

One thing Republican administrations have in common is a tax cut package. Could tax cuts be overheating the economy, causing it sooner or later to crash? An unpleasant consequence of this is that "correct" GDP growth rate is lower than we're used to. It might be only 1.5% or even 1%. But to be honest, I think recessions come from the private sector, and neither government tax nor government spending can prevent them.

Click to expand...

Could be lack of enforcement. Nobody watching. No one prosecuting. Under Reagan/Bush and Bush/Cheney there were home loan scams yet not one financial institution was shut down by authorities = lack of enforcement and deregulation