Democratic/ Keynesian Polices do Create More Jobs

Clinton pointed out that under Democratic presidents since 1961, the economy has added 42 million private-sector jobs, while under Republicans it has added just 24 million. This should be a huge red flag that trickle down economics just does not work in a society that has grown so large and so wealthy. 

So I did some digging to see if someone had really looked into what these numbers mean. You know as well as I do that just pulling a number doesn't tell the story. For example 47%, that may in fact be the number of people who do not pay income tax; what the figure doesn't tell you is that a majority of those in this "47%" do pay a large portion of their incomes in the form of pay roll taxes or that this "47%" is also comprised of retired seniors and veterans.  

"I crunched the numbers a few different ways to see if Clinton was cherry-picking the best numbers. His figures measure job gains from the month a president took office until the month he left. Since it takes a year or so for any president's policies to go into effect, I also measured job gains from one year after each president took office till one year after he left. Here's the score by that measure: Democrats: 38 million new jobs, Republicans, 27 million.

The S&P 500 stock index, for example, has risen 12.1 percent per year under Democratic presidents since 1900, and just 5.1 percent under Republicans. Since 1949, GDP has grown 4.2 percent per year under Democrats and 2.6 percent per year under Republicans. The same trend extends to corporate profits, which have grown 10.5 percent under Dems and 8.9 percent under Republicans."


Job Creation Research