The economy under presidents of different political affiliation

As reported by presidentialdata.org

Almost twice as many jobs are created per year under Democratic Presidents than Republican Presidents (1.9 million jobs under Democratic Presidents versus 1 million jobs under Republican Presidents.)

The **deficit** under Republican Presidents has been more than **twice as large** as the under Democratic Presidents.  In dollars, Republican Presidents have contributed nearly **$4 trillion more** to the national debt than Democratic Presidents.

* **GDP growth** has been **44%** **higher** under Democratic Presidents.
* **Business Investment** **Growth** has been **165% higher** under Democratic Presidents.
* **Unemployment** has been **18% higher** under Republican Presidents.
* Average increase in **weekly earnings** have been **72% higher** under Democratic Presidents
* Nine of the last ten recessions have occurred under Republican Presidents

#### **JOB GROWTH**

Democratic Presidents have helped create **24.4 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: 62,688,000

·                   Total jobs created under Republican Presidents: 38,256,000

·                   Average yearly growth in jobs under Democratic Presidents:  1,899,000

·                   Average yearly growth in jobs under Republican Presidents:  1,063,000

Job growth under Obama's last three years was greater than Trump's first three years.

#### **GDP GROWTH**

Real Gross Domestic Product growth under Democratic Presidents has been **44% higher** than during Republican Presidents.

·                   Average real GDP growth per year under Democratic Presidents: 3.75%

·                   Average real GDP growth per year under Republican Presidents: 2.6%

#### **BUSINESS INVESTMENT GROWTH**

Real business investment growth under Democratic Presidents has been **193% higher** than under Republican Presidents.

·                    Average growth per year under Democratic Presidents:    7.24%

·                     Average growth per year under Republican Presidents:    2.47%

#### **FEDERAL BUDGET DEFICITS**

Federal budget deficits under Republican Presidents collectively are **24% higher** than under Democratic Presidents (as a percentage of GDP, Republican Presidents have been **63% higher** than Democratic Presidents).

·                   Total Democratic Budget Deficits: $6273.2 billion

·                   Total Republican Budget Deficits: $7807.2 billion

·                   Democratic Presidents’ annual deficits averaged 2.37% of GDP

·                   Republican Presidents’ annual deficits averaged 3.88% of GDP

#### **UNEMPLOYMENT**

Unemployment under Republican Presidents has been **18% higher** than under Democratic Presidents.

·               Average unemployment per year during Democratic Presidents: 5.27%

·                   Average unemployment per year during Republican Presidents: 6.24%

#### **GROWTH IN SPENDING**

Federal Spending has increased **nearly three times as fast** under Republican Presidents than under Democratic Presidents

·                   Democratic Presidents’ annual spending increased by an average of $25.3 billion per year

·                   Republican Presidents’ annual spending increased by an average of $70 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): $4,198,231

-           Total trade deficit under Republican Administrations (in millions): $5,844,269

#### **STOCK MARKET**

The Stock Market under Democratic Presidents has grown **200% faster** under Democratic Presidents than under Republican Presidents.

-           Average yearly growth in Stock Market returns under Democratic Presidents: +1.92%

-           Average yearly growth in Stock Market returns under Republican Presidents: +0.64%

The stock market does better under democrats

Most Sources from: Statistical Abstract of the United States; 1992-2015 Economic Reports of the President, Congressional Budget Office, Bureau of Labor Statistics, all data since World War II.