Why Are Democrat Presidents Lucky When it Comes to the Economy

1. 74

   GoldenRod LMposted 6 years ago

   I have been doing some research and have found evidence that Democratic presidents have been historically (we only have 242 some years of constitutional history in the U.S.) very lucky when it comes to GDP.
   
   Ponder the following:
   Dems have been president for 3 cracker jack wars (WWII, Korea, Vietnam - increasing employment and production), they have avoided oil shocks, they have been in office during timely increases in production because of technology (much of which was funded by former Republican presidents-my words), and growth abroad (we have a lot of multi-national companies-and world economics plays a part).
   
   Just so nobody accuses me of making this stuff up, please read the following abstract from Blinder and Watson.
   
   "The U.S. economy has performed better when the President of the United States is a
   Democrat rather than a Republican, almost regardless of how one measures performance. For many measures, including real GDP growth (on which we focus), the performance gap is large and significant. This paper asks why. The answer is not found in technical time series matters nor in systematically more expansionary monetary or fiscal policy under Democrats. Rather, it appears that the Democratic edge stems mainly from more benign oil shocks, superior TFP performance, and perhaps greater defense spending and faster growth abroad." https://www.princeton.edu/~mwatson/pape … ly2015.pdf
   
   The conclusion is that Democrats have been lucky. I think that is fair to say. But all the hubbub on the forum trying to prove that Republicans are retarded when it comes to the economy is nonsense. It is a shame that under the guise of research, folks still put forth the same old pol talking points.
   
   All you need is one person feigning intellectual superiority and a unionist to make something out of essentially nothing.
   
   I once heard a conservative speaker question whether Democratic presidents started wars to attain full employment and increased production. That is the height of cynicism!
   
   So conservatives, be of good heart. A lot of people like to see drama play out. Don't be part of the drama. Use data to support your notions and then let the nonsense die of its own. And be happy, times have never been better.

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2. 63

   ginosblogposted 6 years ago

   HOW YOU FIGURE... CLINTON SPENT A TON OF SOCIAL SECURITY MONEY AND THEY WERE GIVING HOUSES AWAY FOR A SIGNATURE! IS THAT LUCK? OBAMA LAUNDERED BILLIONS OF NOT HIS MONEY TO IRAN. IS THAT LUCK? THEIR NOT LUCKY THEY ARE CROOKS!

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3. 74

   GoldenRod LMposted 6 years ago

   Clinton signed the bill that allowed giving houses away for a signature. It pretty well went wild under a Republican administration. On the subject of GDP, they are lucky. You might be happier calling them lucky crooks. But they are lucky.

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