Democrats and the Economy

A Surprise Only to the Misled: The Economy Does Best Under Democrats
19-Sep-04
Democrats and the Economy

Writing in the LA Times, economist Arthur Blaustein presents an overwhelming case for Democratic presidents being better for the economy. During the 20th century the Dow Jones increase averaged 7.3% a year under Republican presidents. Under Democrats, it averaged 10.3%, a whopping 41% gain for investors. (During Bush's first three years it declined 4%.) Democratic presidents averaged 4.8% unemployment; and Republicans 6.3%. So, if the numbers overwhelmingly show that Democrats consistently produce better economic results, why was Pollster John Zogby's final conclusion on the 2002 US elections that Republicans won because of last-minute decisions by voters to vote Republican because they thought Republicans would be better for the economy?