The economy is a Democrat: Why recent history shows the value of a progressive president
"covering the 60-year period from January 1951 to December 2010. They find that once economic growth increases above 1 percent a year — and it does so over most of the period they studied — “the average level of unemployment is significantly higher under Republican administrations.”
As the above charts (from their paper) show, with either a one- or two-year lag, Democrats reduce unemployment dramatically during periods of GDP growth compared to Republicans. Some of this effect has to do with inflation rates (as a I note below), but the authors note another key difference: They argue that Republican policies (for instance, massive tax cuts for the rich and cuts to capital gains) incentivize corporations to use money to compensate CEOs or distribute to shareholders, rather than invest in workers and jobs."
