Jobs and the Economy

What Are Democrats Doing?
Since 1933, the six presidents who presided over the fastest job growth have all been Democrats.  The average income of Americans would be more than double its current level if the economy had somehow grown at the Democratic rate for all of the past nine decades. 

Why? Two possible reasons:
Democrats heed economic and historical lessons about what policies actually strengthen the economy; Republicans cling to theories like the magical power of tax cuts and deregulation. 

Democratic-leaning groups (like labor unions and civil-rights organizations) favor policies that lift broad-based economic growth; Republican-leaning groups (like the wealthy) favor policies that mostly shift income toward themselves.

See informative charts and analyses here: https://www.nytimes.com/2021/02/02/opinion/sunday/democrats-economy.html

What Are Republicans Doing?
Over the last four decades, Republican presidents have run up larger deficits than Democrats. Republicans cling to theories like the magical power of tax cuts and deregulation. 

Republican-leaning groups (like the wealthy) favor policies that mostly shift income toward themselves, so Republican economic policy since 1980 has revolved around a single policy: large tax cuts tilted toward the affluent. The evidence now overwhelmingly suggests that recent tax cuts have had only a modest effect on the economy. G.D.P. grew at virtually the same rate after the 2017 Trump tax cut as before it. 

​The American economy has performed much better under Democratic administrations than Republican ones, over both the last few decades and the last century

See informative charts and analyses here:  https://www.nytimes.com/2021/02/02/opinion/sunday/democrats-economy.html