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The U.S. Economy Performs Better Under Democratic Presidents
The U.S. economy has performed much better under Democratic presidents than Republican presidents in the modern era. In almost every measure of the
U.S. economy including total job growth, unemployment, economic growth, manufacturing job growth, manufacturing investment, small business
creation, and contribution to the national debt, economic performance is stronger under Democrats. While there are many factors contributing to
these trends, the throughline is clear that Democratic administrations consistently help the U.S. economy perform better than Republican administrations.
Republicans have prioritized tax cuts that benefit the wealthy and that
fail to boost economic growth or pay for themselves, while Democrats have prioritized investing in the middle class, supporting small businesses, and improving economic resilience after downturns. Of the 11 recessions in the modern era, 10 have begun under Republican presidents.
Overall job growth has been greater under Democratic presidents
Job growth has been notably greater under Democratic presidents than Republican presidents since the early 1980s. Looking at the last seven presidents, job growth totaled over 50 million under Democratic presidents compared to only 17 million under Republican presidents. Most recently, job growth has totaled nearly 16.2 million under the Biden-Harris
administration as the U.S. economy has recovered from the pandemic
recession. Conversely, there were 2.7 million fewer Americans employed when President Trump left office than at the beginning of his term, making him
the first president in the modern era to oversee net job losses.
More here:
https://www.jec.senate.gov/public/index.cfm/democrats/2024/10/the-u-s- economy-performs-better-under-democratic-presidents
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