A host of recent opinion polls indicate that the economy has replaced the war in Iraq as the leading issue of concern for Americans, at least for the time being. While some Republicans may welcome the distraction from the Iraq mess and think they are in safer territory in discussing economic issues, they will find scant comfort in comparing economic performance under Democratic and Republican administrations. To see why, check out this insightful and well-documented eriposte chart (flagged in Rick Perlstein’s current post at Blog for Our Future), comparing economic data under Democratic and Republican presidents. A few examples culled from the chart:
Real Disposable Personal Income Growth per year 1953-2001: D 3.65 %; R 3.08 %
Unemployment 1962-2001: D 5.1%; R 6.75%
GDP growth 1962-2001: D 3.9%; R 2.9%
Inflation 1962-2001: D 4.26%; R 4.96%
Percentage growth in Total Federal Spending 1962-2001: D 6.96%; R 7.57%
Yearly budget deficit 1962-2001: D $36 billion; R $190 billion
Mercifully for the Republicans, economic data from the current Bush Administration is not yet included, since the chart compares completed Administrations.