Democratic presidents are better for the economy

Anyone else see the irony of such a catastrophic Wall Street meltdown at the hands of a political party that is supposedly experts on the economy and business? Slate has an excellent analysis of historic data that shows how the American economy does much better with Democratic presidents, despite the urban legend that Republicans are better with finances.  Going all the way back to 1959, the data shows that under Democrats, unemployment is lower, inflation is lower, GDP is higher, defense spending is higher, overall Federal spending is lower, and the deficit and debt are lower.  All of this for only slightly higher taxes than under Republican presidents.

Posted in Politics | Comments (1)

One Response to “Democratic presidents are better for the economy”

1. Spyder says:

   9/18/2008 at 12:02 am

   Amen! I’m voting for Obama. Republicans have only been good at spending our money.