Which Party Handles The Economy Better?
Which Party Handles The Economy Better?

Which Party Handles The Economy Better? Democrats– And It’s Not Close At All

Pick any metric you want. Growing economy. Creating jobs. Getting rid of the debt. Increasing incomes…

Democrats have a better handle on the economy than Republicans do, according to practically every objective indicator.

To begin with the most obvious fact, the United States has had 17 recessions over the past 100 years. Thirteen of them began under the administration of a Republican president, including the four most severe ones: the Great Depression, the Recession of 1981, the Recession of 2007, and the Recession of 2020. The last time a Democratic president presided over the economy during a downturn was more than four decades ago, during the final year of Jimmy Carter’s presidency.

Now, let’s look into the other measures:

Which Party Handles The Economy Better

Economic Growth

The most significant increases in the gross domestic product were seen under the administrations of Democratic presidents Franklin Roosevelt, John F. Kennedy, Lyndon B. Johnson, and Bill Clinton during the last century. Republicans George H.W. Bush, George W. Bush, and Donald Trump are the three of the four presidents that have presided over the United States during a time of lowest GDP growth. One person stood out, and that was Harry Truman.

Job Creation

Roosevelt, Johnson, Carter, Truman, Kennedy, and Clinton were all Democrats, and they hold the record for having the fastest job growth rates among all sitting presidents. Eisenhower, both Bushes, and Trump, who finished in the last position, were the four Republicans who were the slowest in their respective terms. Trump was also the first president in the past 90 years to be responsible for the loss of more employment than he was responsible for creating.

Reducing the Deficit

The Democrat who was in office at the time, Jimmy Carter, left Republican President Ronald Reagan with a deficit of $79 billion. Since that time, the deficit has increased under every Republican president while it has decreased under every Democratic one. Examine the following statistics from the time each president departed office:

  • Carter: $79 billion
  • Reagan: $153 billion
  • H.W. Bush: $255 billion
  • Clinton: $236 billion
  • W. Bush: $1.41 trillion
  • Obama: $584 billion
  • Trump: $3.1 trillion
  • Biden (present): $2.8 trillion

Boosting Household Incomes

Every time a Republican is elected president, the median income of households experiences a fall. Incomes experienced a sharp increase under Clinton, a decline during George W. Bush’s first term in office, a rise during Bush’s second term, and then a sharp decline during Bush’s final year in office.

They continued their downward trend throughout Obama’s first time in office before experiencing a big uptick during his second term. The growth in the median household income that Obama began continued under Trump, but once it was adjusted for inflation, it began a downward trend around halfway through Trump’s final year in office.

The Stock Market

Let’s look at the last five presidents: the smallest measures of growth and the only measure of the decline happened under Republicans.

  • H.W. Bush: Up 36%
  • Clinton: Up 226%
  • W. Bush: Down 23.7%
  • Obama: Up 145%
  • Trump: Up 37%


The rate at which the economy has grown has increased by a factor of three under the leadership of Vice President Joe Biden compared to when Republicans controlled both houses of Congress and the White House. In addition, the administration of Joe Biden has been responsible for the creation of 9.5 million new employment, which is five times as many as were produced by the three most recent Republican presidents combined.

The state of the economy is at the forefront of voters’ minds in 2022. Spread this information around to help others make decisions at the polls that are based on accurate facts.

Stay connected to our homepage for more such updates, Journalistpr.com More Updates: Meet The People Who Will Make History In The Midterm Elections Of 2022 And Midterm Election results in 2022: Molinaro And Webb Have Slight Leads, But Lewis Is Ahead For Mayor Of Ithaca

About Sam Houston 1811 Articles
Hello, I'm Sam Houston, and I'm proud to be a part of the journalistpr.com team as a content writer. My journey into journalism has been quite an exciting ride, and it all began with a background in content creation. My roots as a content writer have equipped me with the essential skills needed to craft engaging narratives and convey information effectively. This background proved invaluable when I decided to make the transition into journalism. The transition allowed me to channel my storytelling abilities into producing news articles that not only inform but also captivate our readers.

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