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.
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
https://twitter.com/DLeonhardt
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
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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
https://twitter.com/DLeonhardt
