On average, in years when the president is a Democrat, the economy grows faster; inflation is lower; fewer people can’t find a job; the federal government spends a smaller share of GDP, whether or not you include defense spending; and the deficit is lower (or—sweet Clinton-years memory—the surplus is higher). The one category that Republicans win is, unsurprisingly, federal taxes as a share of GDP. But it is no trick to lower taxes if you don’t lower spending.
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On average, in years when the president is a Democrat, the economy grows faster; inflation is lower; fewer people can’t find a job; the federal government spends a smaller share of GDP, whether or not you include defense spending; and the deficit is lower (or—sweet Clinton-years memory—the surplus is higher). The one category that Republicans win is, unsurprisingly, federal taxes as a share of GDP. But it is no trick to lower taxes if you don’t lower spending.
—Michael Kinsley posits that Democrats are better for the economy than Republicans. Fancy that.