Two political and economic analysts say that a review of 75 years of economic data reveals that the Democrats created more than twice as many private sector jobs as the Republicans--and create those jobs at an annual percentage rate that is three times greater than Republicans.
Elections often come down to the voters deciding which party is best for their pocketbooks. How is a voter to decide?
Nathan Salminen, a New York attorney and economic researcher, and economist Steven Stoft have analyzed the last 75 years of US jobs and economic data to help us understand which party has created more jobs. Here's what their analysis shows:
1) 58 Million Jobs for the Democrats, 25.5 Million Jobs for the Republicans
According to Bureau of Labor Statistics data analyzed by California economist Steven Stoft, in the 75 years from Fiscal Year 1943 to Fiscal Year 2014, Democratic Administrations have generated 58 Million private sector jobs. Republican Administrations during that time have generated 25.5 Million private sector jobs.
(AND, if you go back to Fiscal Year 1940, Democrats have created 74 Million Jobs. However, the 58 million jobs versus 25.5 million jobs is the private job comparison for 36.25 years of Democratic presidencies versus 36.25 years of Republican presidencies, so it's an equivalent comparison.)
www.ZFacts.com Charts: Who Creates the Most Jobs?
And it gets even more impressive:
More after the fleur-de-Kos:
2) Job Growth Increases Under Democrats and Gets Lower Under Republicans.
For 85 years, since Franklin Roosevelt, every time a Democratic President has taken over from a Republican President both the percentage of job creation and the actual number of jobs has increased.
Conversely, every Republican cycle following a Democratic Presidency has led to a decrease in job creation.
3) 3% Yearly Job Growth Under Democrats, 1% Under Republicans.
Because the U.S. population has grown so much during the last 75 years, it is perhaps clearer to look at job growth as a percentage of population. So, as a percentage of population, since fiscal year 1940, jobs have increased 3% per year under Democrats and 1% a year under Republicans.
The data behind the charts above can be reviewed at
www.ZFacts.com Charts: Who Creates the Most Jobs?
4) Gross Domestic Product also grows far faster under Democratic Presidents.
Attorney and economic analyst Nathan Salminen shows that GDP Growth is highest when Democrats control the White House and both House of Congress... 5.2% annual GDP growth. When the White House and Congress are controlled by different parties, GDP growth averages 2.9%. When Republicans control both the White House and Congress, GDP growth is -0.8%.
The chart above can be reviewed at
http://politicsthatwork.com/...
About the Analysts
Steven Stoft, the developer of www.ZFacts.com , is a economist whose wide-ranging economic insights focus on Energy, Climate, Market and Transmission Economics. Extensive information, a list of Stoft's papers, books, and wider areas of analysis may be found at http://stoft.com/... . He may be reached for interviews and for further information at Steven@Stoft.com.
Nathan Salminen, a New York attorney and economic researcher, owns http://politicsthatwork.com. Politics That Works presents publicly available data from the Bureau of Labor Statistics (BLS), the Bureau of Economic Analysis (BEA), the U.S. Census Bureau and other sources in an online graphical format--in order to help voters distinguish between government policies that produce more jobs and improve the economy and policies that may sound appealing, but do not produce desired results. Nathan is a graduate of Columbia Law School, has clerked for the U.S. Senate Judiciary Committee and for interviews and further information may be reached at politicsthatwork@gmail.com.
The information in this article is reprinted with permission of Stoft/ZFacts.com and Salminen/PoliticsthatWork.com and may be freely used in whole or part.