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A Well Balanced Article On The Differential Impact Of Republican Vs Democratic Administrations Upon The Economy

kcfield
  |     |   188 posts since 2012

This is an exceptionally well balanced article from "The Balance" website which has been rated one of the least biased websites overall. The article is especially helpful as it addresses the impact of confounding variables upon the metrics: The link is immediately below followed by an excerpt from the article. I encourage you to read the full article (in the link) before commenting.

https://www.thebalance.com/democrats-vs-republicans-which-is-better-for-the-economy-4771839

Democrats or Republicans: Which Is Better for the Economy?

BY KIMBERLY AMADEO

Many analyses look at which party is best for the economy. A study from the National Bureau of Economic Research found that Democratic presidents since World War II have performed much better than Republicans. On average, Democratic presidents grew the economy 4.4% each year versus 2.5% for Republicans.5?

A study by Princeton University economists Alan Blinder and Mark Watson found that the economy performs better when the president is a Democrat. They report that "by many measures, the performance gap is startlingly large." Between Truman and Obama, growth was 1.8% higher under Democrats than Republicans.6?

A Hudson Institute study found that the six years with the best growth were evenly split between Republican and Democrat presidents.7?

Most of these evaluations measure growth during the president's term in office. But no president has control over the growth added during his first year. The budget for that fiscal year was already set by the previous president, so you should compare the gross domestic product (GDP) at the end of the president's last budget to the end of his predecessor's last budget.

For Obama, that would be the fiscal year from October 1, 2009, to September 30, 2018. That's FY 2010 through FY 2017. During that time, GDP increased from $15.6 trillion to $17.7 trillion or by 14%.8? That's 1.7% a year.

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Ally6770
  |     |   4,310 posts since 2010
I think reading the whole article would be more beneficial to the reader than just picking out one president when 15 presidents are used in the chart you are referring to in your post. You are not stating that Obama also added $2,126 too GDP in that same chart  while the previous president added only $1,360. The article may have been balanced but the part that you chose to copy was not balanced. If you read the whole article it would show how what each of us posted was distorted. 
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kcfield
  |     |   188 posts since 2012
Ally6770: You make a very good point. What I intended to be a preview inadvertently ended up creating a bias that I intended to avoid by posting a well-balanced article. I should have just posted the link. Since DA doesn't allow me to edit my original post at this point, I hope that your point and my acknowledgement of it will encourage people to simply read the entire article and overlook my preview. Thank you for pointing out my error.
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