Norman
Diamond Member
- Sep 24, 2010
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"The president rolled out a new line for his campaign at a rally last night," Stephanie Ruhle said. "'Democrats produce mobs. Republicans produce jobs.' That's really catchy. Isn't it? Well here's the thing. For 'facts' sake, how do the two parties compare when it actually comes to job creation under each president?
"Blue lines representing our Democratic presidents; red lines for our Republicans," Stephanie Ruhle said. "And for each a dotted line that shows the average growth for Republicans and Democrats. On average, the rate of job growth was almost two and a half times faster under Democratic administrations than it was with Republican ones. That is according to figures crunched from the Department of Labor looking at the gross domestic product, you know it as GDP, another growth metric to measure the strength of the economy. We can also see substantially better performance under Democratic presidents. Again, our dotted red and blue lines paint a clear picture. On average real GDP has grown about 1.6 times faster with a Democrat in the White House than with a Republican according to figures crunched in the Department of Commerce.
The reality is that this is not new. In 2012 authors Bob Deitrick and Lew Goldfarb wrote the book "Bulls, Bears and the Ballot Box" that identified this reality. Adam Hartung pointed out the book's conclusions in his article "Want A Better Economy? History says Democrat!" in Forbes.
From this book loaded with statistical fact tidbits and comparative charts, here are just a few that caused me to realize that my long-term love affair with Milton Friedman's writing and recommended policies in "Free to Choose" were grounded in a theory I long admired, but that simply have proven to be myths when applied!
- Personal disposable income has grown nearly 6 times more under Democratic presidents
- Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents
- Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)
- Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)
- Republican presidents added 2.5 times more to the national debt than Democratic presidents
- The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez-faire administrations
For Fact's Sake: Which party has historically created more jobs
Brilliant satire!!!
Wait, you are serious? I was hoping for satire and instead got the regular leftist projection thread of the week.