Trump Is Right About One Thing: 'The Economy Does Better Under The Democrats'

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Trump Is Right About One Thing: 'The Economy Does Better Under The Democrats'
Capital FlowsContributor
Guest commentary curated by Forbes Opinion. Avik Roy, Opinion Editor.
POST WRITTEN BY
Jere Glover
Mr. Glover is an attorney who has testified before Congress and worked for the Senate and House Small Business Committees.
Nov 7, 2016,10:28am EST
Since I’m an old Democrat supporting Hillary Clinton, it might surprise you to hear that I agree with Donald Trump’s top line view of the economy.

No, I don't agree with much that he’s said since he started his 2016 presidential campaign, and recent revelations have rightly drawn opprobrium. But since I’m also an agreeable old southerner, I’ll give credit where credit is due. Donald was absolutely right when he told Wolf Blitzer in 2004: “I’ve been around for a long time and it just seems that the economy does better under the Democrats than the Republicans.”

That’s right. Trump said out loud the same thing that Hillary Clinton has asserted—and top academics and journalists have confirmed. The same thing I’ve been compiling cold, hard government data on since 1980: By crucial metrics like GDP, job creation, business investment and avoiding recessions, the economy does a lot better with Democrats in the White House than with Republicans. Just one eye-opening example: Nine of the last 10 recessions have been under Republicans.

Watch on Forbes. Hillary Clinton Vs. Donald Trump: Where The Candidates Stand On Employment And Jobs

Pundits don’t agree on exactly why. Some say the common thread may be external factors ranging from oil shocks and warm, fuzzy consumer expectations to economic cycles falling differently from political cycles.

But to borrow a phrase often attributed to Casey Stengel, you could look it up. And not just on my web