10/22/2026
A Letter to the Editor from one of our members. Worth the time to read it!
DEMOCRATIC PRESIDENTS = BETTER ECONOMIES?
When I learned that Democratic presidents created significantly better economies than Republican presidents
since WWII, I was sceptical. I looked for official government documents that might prove or debunk this claim and
found an Oct. 6, 2024 report called âTHE US ECONOMY PERFORMS BETTER UNDER DEMOCRATIC PRESIDENTSâ from
the U.S. Joint Economic Committee (JEC), a bipartisan U.S. congressional committee with members from both the
House and Senate. The JEC studies economic conditions, coordinates economic policy, and advises Congress on
achieving national economic goals like full employment, price stability, and growth. The JEC uses data from the
Bureau of Economic Analysis, Bureau of Labor Statistics, the U.S. Census Bureau, the Federal Reserve System, the
Congressional Budget Office, and other federal agencies.
This report shows historical statistics that âtotal job growth, unemployment, economic growth, manufacturing
job growth and investment, small business creation, national debt status, and economic performance is stronger
under Democrats.â It further states, âWhile there are many factors contributing to these trends, the point is clear that
Democratic administrations consistently help the U.S. economy perform better than Republican administrations.â
Why is this? The report answers, âRepublicans have prioritized tax cuts that benefit the wealthy and fail to boost
economic growth or pay for themselves, while Democrats have prioritized investing in the middle class, supporting
small businesses, and improving economic resilience after downturns.â
In summary:
-->Since the early 1980s, the unemployment rate tends to be lower at the end of Democratic presidencies and
higher at the end of Republican presidencies.
--> Since 1949, real gross domestic product (GDP) was 3.79% average for Democratic presidents vs. 2.6% for
Republican presidents.
--> A near record 19 million new business applications were filed under Biden-Harris administration, with more
business applications filed in 2023 in all 50 states than in 2019, notably higher than under the Trump
administration.
--> U.S. national debt increases: Obama-2013 thru 2016 +$3.11T (Trillion), Trump-2017 thru 2020 +$6.98T, Biden-
2021 thru 2024 +$2.84T. Increases are largely due to partisan tax cuts passed by Republican presidents that mostly benefited the wealthy and big corporations.
--> Of the 11 recessions occurred in post-World War II era, 10 of them have occurred under Republican
presidents.
Iâm voting for Democrats moving forward!
Sources: Economic Policy Institute ([email protected]), Joint Economic Committee (jec.senate.gov), American Economic
Assoc. https://www.aeaweb.org, Why does the economy do better?..etc, Fiscal Data.gov website.
Luke Zastrow - Menominee