bullcrap....it’s who hold congress that matters....
cross reference the unemployment rate with party control of congress and that will open your yes.
Democrats do well after a Republican has turned the economy around first.
It takes a little bit of tie for seeds to grow and be harvested. Policy and investment tikes time to come to fruition.
Of course it does because they lie!
This doesn’t include Barry Soetoro right? If it does, their theory is wrong right off the bat.
the inflation grows faster due to money printing leaving our retirement accounts limp and useless under dhimmicrat _residents...
“luck and little mystery” = Media lying
The writer trumpets the conclusion loudly in the title and then spends the rest of the article explaining in fine print that the economic data implied by the title are meaningless.
That rain sure feels warm!
This is just another black-and-white example of propaganda rather than news. Some respectable rag, that NYT.
In scientific terminology, this is a good example of the difference between correlation and causation. It is also an example of a logical error that no college student should ever make, it is so basic and obvious.
It is true that if we measure productivity and amount of sunlight, there is a strong, positive correlation. The ignorant might associated increased UV rays with higher economic productivity. Of course, UV rays don’t make people productive, it simply happens that people work during the daytime more than they work at night.
The true causes of economic growth can be found in other factors such as technological innovation that enhances the gap between productivity and costs and other more direct influences. Yes, it is possible that Dem presidents can increase economic activity by spending more funds but that ignores the inflationary impact and the longer term economic dampening that occurs due to debt service costs.
Correlation ignores dynamic effects such as lags between policy and economy responses.
Obama seems less knowledgable and less interested in economic issues than any president in my lifetime. Many of his policies create economic uncertainty, reduce business growth, discourage hiring, penalize capital investment, punish success, and in general work against economic health.
Many economic policies take a long time to have an economic benefit. Unless you can trace the path from policy to economic activity, these articles that tout the positive effects of Dems on the economy are nothing more than propaganda for the gullible.
Blinder’s a known liar.
This study fails the basics:
1. Cherry-picked dates. Why start at Truman? Truman benefits from the end of WW2 when every industrialized nation except us was a mess.
2. Nonsense data Part A. A President’s first term doesn’t start until well into the 2nd year when he gets his budget and policies implemented.
3. Nonsense data Part B. They didn’t build that. The economy isn’t run by American Presidents and there are so many variables that no President can truly own his economy, perhaps FDR could be an exception.
I'm dubious, though. Much of the difference has to do with heating (and overheating) up the economy in the Kennedy-Johnson years.
Add the tech boom of the Clinton Nineties and that accounts for much of the difference between the parties.
People who lived under Truman and Carter weren't too happy about economic conditions (inflation, etc). That goes for Nixon too, though.
Fed Pump
In a free society with a modern advanced division of labor economic system,increased prosperity depends on economic progress which depends on increases in capital accumulation.Increased standard of living for the average worker depends on increases in productivity of labor. Both capital accumulation and productivity of labor depend on increases in saving, investment, and productive expenditure. Increases in saving are slowed down by rat libtard policies of confiscatory taxes, more regulations, more government spending, large deficits,and inflation, and are helped by Republican policies of more freedom of production and trade and more respect for private ownership of the means of production.In the long run rat libtard policies over the past few decades are what have caused the economic decline and decay of America.
Obumbler the communist is destroying this statistic!
Smoke And Bubbles
Are they using gov’t statistics? DemocRats lie about everything.
As for Clinton, he inherited the end of the Cold War, the start of the Tech Boom, and a growing economy. All of that happened as a result of factors that were in place before he was sworn in, but he got the credit for the economic growth that resulted.
Where is the WTF alert???
It’s very simple: when things are bad economically, the voters get serious and elect the Republicans as the economically competent party. When the GOP turns things around, people get frivolous and elect the ‘Rats who are then happen to be in the White House during the upturn, ruin things and the cycle repeats.