Excellent comparison of the Republican versus Democratic administrations and economic outcomes [View all]

[Dog Gone at Penigma]

I found this to be an excellent summation contrasting and comparing how Republican and Democratic governance has operated. There are some consistent trends in areas like deficits, job creation, etc.

I actually found myself at my computer standing up to give this author and site a standing ovation of one. I hope those who read it will join me in making that a broader round of applause for an excellent pulling together of resources and analysis.

This is an excerpt:

You will often hear critics say that Bush left office with a $454 billion deficit. That was the deficit at the end of 2008 (12/31/2008). Then what accounts for the period from the end of December until the President is sworn into office in late January? Any calculation that begins when President Obama took office or at the end of 2009 (because the President had been in office for a year), is just flat-out wrong.

Here’s how it works...the fiscal year is from October 1 through September 30th. So a President governs for his first 9 months under the budget of the preceding administration.

At the end of the Bush fiscal year, September 30, 2009, the deficit was $1,417,121.

Obama’s first fiscal year, September 30, 2010, the deficit was $1,294,090. The deficit went down!

Obama’s second fiscal year September 30, 2011, the deficit was $1,298,614.

Obama’s third fiscal year August 31, 2012 (latest available), the deficit was $1,164,373.


Unemployment Rates

Clearly Democratic Presidents create more jobs per year than Republican presidents. Unemployment rates are higher under Republicans....it’s just a fact.

Johnson 1966-1969 average unemployment rate of 3.7%.
Clinton 1994-2001 average unemployment rate of 4.9%.
Kennedy 1962-1965 average unemployment rate of 5.2%.
Nixon 1970-1977 average unemployment rate of 6.3%.
Bush 1990-1993 average unemployment rate of 6.7%.
Carter 1978-1981 average unemployment rate of 6.7%.
Reagan 1982-1989 average unemployment rate of 7.3%.


Note: In most cases I have not listed numbers and percentages for President Obama because agencies take so long to formulate the numbers, I found I was unable to verify any of the figures.

http://www.thepragmaticpundit.com/2012/05/democrats-v-republicans-debt-and.html