Exactly. The economy is growing, but it is mostly going into the hands of a select few. Economic growth under Democratic administrations is much more equitably distributed generally speaking. That's better for the economy in the long term, to raise the fortunes of those on the bottom more relative to those on the top.
Allow me to explain this chart
Well, you cannot really count Roosevelt because things couldn't have gotten much worse during the Depression and the war certainly created a lot of jobs. So there is one gone.
We then go onto Truman. Most of what Truman gained was nherited from FDR. The Truman administration saw the worst Recession until Carter and at the end the economy was just abismal. Can't blame Truman for this, though, it was the post-war bust.
Kennedy cut taxes!!!!!!! A lot!!!!!!! And put in place a lot of
good reforms to keep things running.
LBJ just inherited what Kennedy did and by the end of his term we were once again in recession because of Veitnam and the Great Society.
Nixon attempted to remedy this, but rapid inflation caused by global problems and years of post-war economic bust caused problems for both he and Ford yet they still managed 3.3% jobs growth.
Carter's first two years were marked by jobs growth. His last two were marked by the biggest recession in the 20th century.
Reagan inherited this recession, but still managed to create 20 million new jobs by the time he was out.
The Pacific Rim Market Crash ruined the first two years of the Bush 41 Presdency, but it is now a proven fact that the economy was growing during the last 8 months of his Presidency.
Clinton was in the right place at the right time. He benefited from the lift at the end of Bush's term and also from the changing economy and new technology that gave a massive lift to the economy.
However, towards the end, the "Clinton" economy began to slow down and by Jan 2001, before G.W. took office, slipped into recession. Jobs growth should have out paced jobs loss, but guess what? 9/11 happened.
At anyrate, the jobs are coming back and, if you believe the Democrat, these figures are insignificant anyway, because the number of jobs matters nothing, now that Bush is adding jobs, it is the quality.
