It’s the economy, stupid!
With presidential elections looming, the question is, who has been historically better for the economy — Republicans or Democrats? For that answer, let's take a look at Gross Domestic Product and inflation. We’ll use government data going back to 1969, when Richard Nixon took office.
Under the eight years of the Nixon/Ford administration, the economy grew by 100 percent with an average inflation rate of 6.3 percent. Under Ronald Reagan and George H.W. Bush's three terms, GDP rose 115 percent, with inflation at an average of 4.3 percent. George W. Bush’s eight years saw a 38 percent increase in GDP, with an average 2.7 percent inflation rate. Donald Trump's four years as president saw GDP increasing 17 percent and inflation averaging 1.9 percent.
How did the Democrats do?
The economy grew 57 percent under Jimmy Carter, with an 8.9 percent average inflation rate. Under Bill Clinton's eight years, the economy grew 56 percent and inflation was 2.6 percent on average. Barack Obama's........