Are Democratic presidents better at creating jobs and driving the economy? Democrats have been making this argument for
“Since 1989 and a new age of globalization began, 51 million jobs have been created in America. 49 million, 96%, have been created under Democratic presidents.”The numbers for the past 35 years show about 97% of jobs have been created under Democratic presidents.
Of that number, 97.4% were created under Clinton, Obama and Biden. Rosenberg told PolitiFact that he used numbers starting in February of a new president’s term; we started in January. The difference is minor.by Princeton University economists Alan Blinder and Mark Watson found a performance gap between the parties that was"startlingly large" over a wide variety of economic metrics.
Of those, 70% emerged under Democratic presidents and 30% under Republican presidents. That’s not as dramatic an edge as the 96% to 97% over the past 35 years, but it’s still a better than 2-to-1 margin for Democrats.Events elsewhere in the world beyond the control of any president can impact the U.S. economy, from oil price shocks to wars.
Two earlier Republicans, the Bushes, both left office with the nation mired in a recession, which hurt their employment totals. By contrast, their Democratic successors, Clinton and Obama, surfed the economic rebound to robust job creation figures over two full terms. "While I argue that most of the difference is based on policy choices, it doesn’t mean luck and serendipity aren’t factors," he said.Rosenberg said,"Since 1989 and a new age of globalization began, 51 million jobs have been created in America. 49 million, 96%, have been created under Democratic presidents."
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