U.S. News: Democratic Presidents Beat Republicans on 11 of 12 Economic Indicators

[JaneQPublic]

A new book coming out in upcoming months shows how the economy faired much better under Dem presidents than Repugs. The article summarizes the findings of the book and provides a half-dozen really cool charts showing various economic factors under recent presidents; for example:

http://www.usnews.com/news/blogs/washington-whispers/2012/08/10/democratic-presidents-beat-republicans-on-11-of-12-economic-indicators?s_cid=rss:washington-whispers:democratic-presidents-beat-republicans-on-11-of-12-economic-indicators

A new book by a business lawyer and a financial services firm head, hitting shelves just months before the presidential election, finds that Democratic presidents have been far more successful at guiding the U.S. economy than Republicans.

Bulls, Bears and the Ballot Box, written by Lew Goldfarb and Bob Deitrick, looked at 12 indicators of the economy—including the deficit, months in recession and stock market performance—to assess how American presidents of the last 80 years have performed. In 11 of 12 of those indicators, the authors found that Democratic presidents came out on top.

...

President Barack Obama does not feature in the rankings, as he has not yet completed a four-year term. But if Obama were evaluated now on all 12 of the indicators, he would fall somewhere in the middle of the pack, Deitrick says. The bottom of the pack overall is populated by Republicans: Presidents Richard Nixon, Gerald Ford, George W. Bush and Herbert Hoover.

...

"It was overwhelming and surprising to see the Democrats win on almost all of the economic indicators," he said.
Dietrick hopes that voters will use the book to make informed decisions in the voting booth come November. As a financial planner, Dietrick advises voters to choose their presidents like they do their stocks: "using sound economic data... and consistency, predictability and stability." In his mind, that means choosing a Democrat.

MORE...
http://www.usnews.com/news/blogs/washington-whispers/2012/08/10/democratic-presidents-beat-republicans-on-11-of-12-economic-indicators?s_cid=rss:washington-whispers:democratic-presidents-beat-republicans-on-11-of-12-economic-indicators

[rfranklin]

1. Not surprising to anyone who has been paying attention but the facts will not convince righties....

because they are emotionally attached to the idea that they work harder than everyone else and they do it all by themselves and they would be millionaires if only they didn't have to pay for all the blacks on welfare and a thousand other crazy things that the facts don't support.

[JaneQPublic]

2. True, but that could also be said of 99%...

...of the issues discussed on DU.

The benefit of this article and the book it discusses is that it provides emperical evidence to refute the myth that the GOPers are better on the economy. Plus, everybody loves charts

[rfranklin]

4. Not a criticism of the post, because I have written LTTE stating the same thing and have noticed...

that the righties will tie themselves into pretzels trying to massage the data to fit their philosophy.

[JaneQPublic]

5. Very true.

It's a waste of time to try to change the opinions of hard-core Righties.

But perhaps your LTTE and my sharing these studies on the economic effectiveness of Dems over GOPers will sway a few undecideds.

[Wounded Bear]

3. Depends on how you define "working".....

To a 1%-er, "the economy is working" means "I'm making shit loads of money."

Only the 99% care about such meaningless platitudes as "more small businesses are viable", "lower unemployment", and "higher home ownership."

It's all about the point of view.

Unfortunately, this country has let the controls slip to those who have the 1% POV. Need to take them back.

[sabrina 1]

6. This should be worked into an ad somehow:

The bottom of the pack overall is populated by Republicans: Presidents Richard Nixon, Gerald Ford, George W. Bush and Herbert Hoover.