Democrats are better for the economy!

Deficit decreased under Clinton and Obama

Gross Domestic Product increased by 4.2%

70.5 million jobs created

Only 1 of the last 11 recessions started - Carter

Balanced budget under Clinton

Democrats favor 

• government intervention to protect Americans.
• investing in America and Americans. 
• Progressive tax rates to reduce economic inequality and make sure the wealthiest Americans pay their fair share.
• Medicare, Social Security, Medicaid to increase worker productivity. 
• At least a $15 minimum wage, as all Americans deserve a fair wage.  

Democratic Presidents Manage the Economy Better Than Republicans, presidential data.org, 2023

Democrats Score Better on the Economy. Are Voters Listening? Real Clear Politics, Nov 15, 2023 by Jere Glover

IRS says it will collect $560 billion more from rich tax cheats thanks to Inflation Reduction Act Fortune, February 6, 2024

Deficit increased under Reagan, both Bushes, and Trump

Gross Domestic Product increased only 2.4%

20.1 million jobs created

Started 10 of the last 11 recessions - Trump, BushW (2) BushHW, Reagan, Nixon (2), Eisenhower (3)

Republicans favor 

• less government intervention in the marketplace. 
• collecting less money in taxes, believing less taxes for the rich will catalyze economic growth. 

5 Reasons Why Supply-Side Economics Does Not Work Investopedia, September 11, 2023

A huge study of 20 years of global wealth demolishes the myth of 'trickle-down' and shows the rich are taking most of the gains for themselves, Business Insider, Dec. 7, 2021

Why Are Republican Presidents So Bad for the Economy? NYTimes, February 2, 2021 by David Leonhardt

Trump Is Right About One Thing: 'The Economy Does Better Under The Democrats, Forbes, Nov. 7, 2016 by Avik Roy

No, Republicans Aren’t Better at Managing the Economy Than Democrats, The New Republic, May 3, 2022 

Biden inherited a "Nightmare Pandemic Economy" 

and his administration has turned it around.

President Biden Inherited a raging virus, a struggling economy and a fast-growing mountain of debt.

"Mr. Biden is articulating a simple, strong contrast: Republicans believe that collecting less money in taxes will catalyze economic growth; Bidenomics “is rooted in what’s always worked best for the country: investing in America and investing in Americans,” The Seeds Joe Biden Has Planted, NYTimes Opinion, January 8, 2024 by Binyamin Appelbaum

How Biden Got the Infrastructure Deal Trump Couldn’t NYTimes, July 29, 2021 by Jim Tankersley

Biden goes into 2024 with the economy getting stronger,  APNews, December 11, 2023 by Josh Boak

"Recession fears have eased. Growth and job gains are beating expectations. Inflation is cooling. Consumers are happier. The president is waiting to benefit."

The Economy Looks Sunny, a Potential Gain for Biden 

NYTimes, February 2, 2024 

Data show Trump didn't 'build' a great economy. He inherited it. NBC News, August 23, 2020 

Trump inherited a booming economy — and handed Biden a nation 'in shambles' NBC News, January 20, 2021

Over his term, Trump reduced federal taxes and increased federal spending, both of which significantly increased federal budget deficits and the National Debt. Wikipedia

The  impact of the 2017 Trump Tax Cuts: 

How FedEx Cut Its Tax Bill to $0, NYTimes, November 19, 2019 by Jim Tankersley, Peter Eavis and Ben Casselman

After 2 Years, Trump Tax Cuts Have Failed To Deliver On GOP's Promises NPR, December 20, 2019

Trump is drafting a tax plan for 2025. It makes zero sense. MSNBC, September 15, 2023

Trump Hopes Economic Crash Comes on Biden’s Watch

Wall Street Journal, January 9, 2024

Trump risks backlash with wish for economic crash in ‘next 12 months’ The Hill, January 11, 2024: 

Chart from Simon Rosenberg

Decreased under Clinton, Obama, and Biden. 

Increased under both Bushes and Trump.

Chart from Simon Rosenberg