DEMOCRATS GREAT RECORD ON CREATION OF WEALTH AND JOBS

[swinney]

----------DEMOCRATS CREATE WEALTH AND JOBS-----------
1.From Harding In 1921 to Bush in 2003
2.Democrats held White House for 40 years and Republicans for 42.5 years.
3.Democrats created 75,820,000 net new jobs and Republicans 36,440,000.
4.Per Year Average—Democrats 1,825,200---Republicans 856,400.
5.Republicans had 9 presidents during the period and 6 had depression or recession.
6.DOW—grew by 52% more under Democrats.
7.GDP—grew by 26.4% more under Democrats.
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Comparing our hero-CLINTON—versus theirs-REAGAN
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1.JOBS—grew by 90% more under Clinton
2.GDP---Grew by 64% more under Clinton
3.DOW—Grew by 500% more under Clinton(5 times as much)
4.Clinton increased spending by 28%---Reagan by 80%
5.Clinton increased debt by 28%--Reagan by 187%
6. Clinton got a hugh surplus—Reagan increased deficits by 112%
Clarence swinney [e-mail]

who will tell the people? demo spokesmen darn well will not.

[mzmolly]

1. Wow, great stats...

are these posted online anywhere?

[treepig]

2. sure,

right here

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=104&topic_id=601459

[mzmolly]

6. heh heh...

;)

[snippy]

3. Here are some numbers and some sources.

Job Creation

Republican presidents are always, always, always bad for job creation. Since the 1920's, the annual rate of job creation under republican presidents has always been lower than under democratic presidents.

Since the depression, no republican president has had a better rate of job creation than any democratic president. The highest rate of job growth under a republican was 2.2% per year during Nixon's time in office. The lowest rate of job growth under a democrat was 2.3% per year during Kennedy's time in office. Bush has had a -0.7% annual rate which is the first negative number since the depression.

Since WWII ended, a total of 57.51 million jobs were created during the terms of democratic presidents which is an average of 2.054 million jobs per year. During the terms of republican presidents a total of 31.11 million jobs were created which is an average of 1.003 million jobs per year.




Deficits

Since Kennedy was president, republican presidents have always run higher federal deficits in current dollars, in constant dollars and as a percentage of GDP, than democratic presidents.
http://www.whitehouse.gov/omb/budget/fy2004/sheets/hist01z3.xls
The estimates for 2003 and subsequent years are no longer applicable. The current estimates are much higher. Also, the numbers for the first year of a presidential term are from the budget of the preceeding term.


Stock Market

The stock market also performs better under democratic presidents.

The excess return in the stock market is higher under Democratic than
Republican presidencies:nine percent for the value-weighted and 16 percent
for the equal-weighted portfolio.The difference comes from higher real stock
returns and lower real interest rates,is statistically significant,and is robust
in subsamples.The difference in returns is not explained by business-cycle
variables related to expected returns,and is not concentrated around election
dates.There is no difference in the riskiness of the stock market across
presidencies that could justify a risk premium.The difference in returns
through the political cycle is therefore a puzzle.

http://www.personal.anderson.ucla.edu/rossen.valkanov/Politics.pdf
This analysis covers the years 1927-1998 and separately examines the years from 1927-1962 and 1963-1998. Results which included the years from 1999-2003 would show an even greater difference.



I think that both the higher rate of job growth and the lower federal deficit may explain the better stock market performance under democratic presidents

[Zorra]

4. Dupe Deleted

.

[Zorra]

5. Reagan vs Clinton unemployment rate

Unemployment declined on average for both presidents. The spike in years 1-3 are a result of a very severe recession. Mr. Reagan presided over the highest unemployment rate since 1941 in 1982 and 1983. Unemployment peaked in 1982 but remained historically high throughout his presidency. Average unemployment under Mr. Reagan was 7.54% and 5.20% under Mr. Clinton. Mr. Clinton gave us the lowest unemployment rate in 30 years.

http://members.tripod.com/~zzpat/graphs.htm#unemployment

High unemployment seems to be characteristic of republican administrations. Reagan sucked in every way as president.

[leftofthedial]

7. great stats

why do Murkans keep voting against their own self interest?

[GabysPoppy]

8. Locking

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