11/04/2025
Bringing you a thread (and most of the graphics) I found on Twitter from David Doney who tweets as . I have no idea why people think Republicans are good for the economy or for the stock market.
"Republican presidents are terrible for the economy, and have been for decades. Let's run the numbers. First, the unemployment rate has gone up for every Republican president since WW2 except Reagan (and fell for every Democrat but Carter).
"Budget deficits increased for every Republican but Eisenhower, and fell under every Democrat but Kennedy. Who is the party of fiscal responsibility? Hint: Team Blue.
"Why is this? 10 of the last 11 recessions started under Republicans. Recessions cause unemployment and budget deficits to rise, as tax revenue falls and government spending increases automatically for UI (unemployment insurance) and Medicaid even without stimulus.
"Both Bush's had weak job creation, and Trump had negative job creation, so the jobs score since 1989 is about: Democrats: +50 million GOP: +1 million (not a typo!) It's about 51-1 now. If you pretend the pandemic didn't happen and give '09 to Bush 43, it's about 46-6.
"Stock market does worse under Republicans. Annual rate of return since 1945: Democrats: +11.2% GOP: +6.9%
"This is a known thing, ever since former Fed Vice Chair Alan Blinder studied the subject. It's basically any statistic you can think of.
"Heck, there's even a Wikipedia article on it.
"NYT covered it a few years ago. For some reason it was in the Opinion section, rather than the journalism section."