dcnovice
Posts: 37282
Joined: 8/2/2006
Status: offline
|
Yes, argues Kevin Drum in the latest issue of The Washington Monthly (no link, alas). He draws on the work of economists studying "political business cycles" as well as Princeton political scientist Larry Bartels.
quote:
Democratic presidents consistently produce higher growth rates, lower unemployment, better stock market growth, and less income inequality than Republican presidents. Nobody quite knows why, but the results are surprisingly robust.
quote:
Add up growth rates under Democratic administrations, and you get a higher number than under Republican administrations. Ditto for employment levels. Inflation rates are about the same. Do it again with lag times, since presidents inherit economies from their predecessors, and you get the same result.
quote:
Annual economic growth is over a point higher under Democrats than Republicans. Unemployment is more than a point lower. Income growth among poor families is two points higher, among the middle class a point higher, and even among the rich about 0.2 percent higher.
Food for thought.
_____________________________
No matter how cynical you become,
it's never enough to keep up.
JANE WAGNER, THE SEARCH FOR SIGNS OF
INTELLIGENT LIFE IN THE UNIVERSE
|
Are Democrats Better for the Economy? - 
Profile
New Messages
No New Messages
Hot Topic w/ New Messages
Hot Topic w/o New Messages
Locked w/ New Messages
Locked w/o New Messages
Post New Thread