Do Republicans Manage the Economy Better than Democrats?
What if the great depression era is excluded and years are tallied for the presidential party submitting the yearly budget? Still, the Democrats outshine the Republicans.
The economy grew in 19 of the 20 years in which Democratic Presidents submitted a budget and in 16 of the 20 years in which Republican Presidents submitted a budget.For the twenty years for which Republican presidents submitted budgets, the average rate of GDP growth was 2.94%.
For the twenty years in which Democratic presidents submitted budgets, the average rate of GDP growth was 3.92%.
Well, many will argue, justifiably, that there is a lag time before economic and political policy can take root. So what if we looked at a two, three, four or five year lag? And let's examine inflation and unemployment too.
3 Yrs
4 Yrs
5 Yrs
GDP Growth
Democrats
Republicans3.56%
3.35%3.78%
3.16%3.71%
3.21%Unemployment
Democrats
Republicans5.06%
6.16%5.04%
6.18%5.01%
6.21%Inflation
Democrats
Republicans3.33%
4.36%3.07%
4.60%3.20%
4.48%No matter what time lag you choose, Democrats post higher GDP growth, lower unemployment, and lower inflation.