Hillary Clinton told Wolf Blitzer that the economy
performs better under Democratic presidents. Let’s look at the data to
see if Clinton’s statement matches up with the facts.
During an interview on CNN today, Hillary Clinton said:
I will say this. I think if you look at the last
35 years, actually going back further, I think it’s pretty indisputable
that having a Democrat in the White House is good for our economy.
Better for the economy than the alternative.
I think my husband understood that and
produced. I think President Obama inherited a really big and dangerous
mess and has been able to get us out of that ditch, so I’m not running
for my husband’s third term. I’m certainly not running for President
Obama’s third term. I’m running for my first term, but I do believe that
both of them understood what it would take to clean up the messes that
they inherited from their predecessors.
The facts back up Clinton’s point.
An analysis of seventy-five years worth of economic data by economist Steve Stoft, and attorney/economic researcher Nathan Salminen revealed that Democratic presidents create a lot more jobs than Republicans.
Stoft found that Democrats have created twice as
many jobs as Republicans. From 1940-2014, Democratic presidents have
created 74 million jobs, while Republicans have created 35 million jobs.
A second analysis by economists Alan Blinder and Mark Watson
revealed that the economy grows more under Democratic presidents than
Republicans. Real economic growth was nearly two points higher under
Democratic presidents. The paper also found that Democratic presidents
leave the economy in better shape, “Democrats inherit growth rates
averaging 0.6% from the final year of the previous Republican president,
while Republicans inherit growth rates averaging 3.8% from outgoing
Democrats. Thus, the election of a Democrat seems to turn things around
on a dime while the election of a new Republican seems to signal a
recession.”
Historical data shows that Hillary Clinton was
telling the truth. The economy has historically performed better when a
Democrat occupies the White House.
Hillary Clinton’s statement to Wolf Blitzer was a
FACT.
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