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Old 04-08-2018, 01:29 PM
 
Location: Pennsylvania
31,341 posts, read 14,115,892 times
Reputation: 27852

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Quote:
Originally Posted by GotHereQuickAsICould View Post
To the question of which Democratic Presidents have left the nation in better economic shape than they found it:

Clinton left the nation with several years of a surplus budget and on track to pay down the national debt. IIRC, he even left the next administration a surplus for the first year.

Obama left the nation in far better economic shape. The economy was in a free fall when he stepped up to the plate. He left the stock market in a far better place with the longest period of job and economic growth in recent history.

Democrats oversee more thriving economies than their Republican counterparts, with the nation's unemployment rate being lower at the end of every Democrat's tenure since Kennedy took office.

Average Annual GDP growth:

Johnson (1964-68), 5.3%
Kennedy (1961-63), 4.3%
Clinton (1993-2000), 3.9%

Reagan (1981-88), 3.5%
Carter (1977-80), 3.3%
Eisenhower (1953-60), 3.0%
(Post-WWII average: 2.9%)
Nixon (1969-74), 2.8%
Ford (1975-76), 2.6%
G. H. W. Bush (1989-92), 2.3%
G. W. Bush (2001-08), 2.1%
Obama (2009-15), 1.5%


To be fair, Obama took over as the economy was sinking and it took a few years to get things turned around.
Don't make excuses for the fact that Obama is dead last on this list.
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