Analysis: Twice As Many Jobs w/Biden as Last 3 GOP Presidents Combined

Sept 4 - These graphs below speaks to one of the most significant inconvenient truths in American politics – the GOP’s economic track record over the past 30 years has been among the worst in the history of the United States.  Adding the new August jobs report over 4m jobs have been now created in the first seven months of the Biden Presidency.  Remarkably this is more than was created over the Presidencies of the last 3 Republican Presidents, combined, or in any of their individual Presidencies.

 

When it comes to managing the US economy, the two parties are not the same.  Since this new age of globalization began in 1989, a modern and forward looking Democratic Party has repeatedly seen strong economic and job growth during their Presidencies.  Republican Presidents have overseen three consecutive recessions - the last two were severe.  The numbers in the first graph above tell the story: 

34m jobs = 16 years of Clinton, Obama

4.45m jobs = 7 months of Biden

2m jobs = 16 years of Bush, Bush and Trump

GDP growth tells a similar story:

And look at the jobs created per month over these Presidencies - Rs at just 10k per month over 16 years.  Biden is running more than 60 times times that so far in 2021.  Yes 60x.  

The bottom line is that Democratic policies have repeatedly been able to make globalization work for the American people in this new and challenging age.  GOP policies have repeatedly failed to deliver for the American people during this time, have repeatedly let us down. 

It is our firm belief here at NDN that the current radicalization of the GOP is intimately linked to its repeated failure to handle the challenges of the post-Cold War era.  The rigid ideological approach of the modern GOP has left it unable to govern in a time of rapid change; and those repeated failures have left many Republicans angry, reactionary and willing to do the unthinkable to stay in or regain power.  The modern GOP has no answers for many of the most important challenges America faces today, and rather than modernizing, adapting, as all institutions must in a time of change, the GOP has decided to fight the future by rigging the system to remain in power while the country and its people drift from their narrow grasp.  If the GOP is successful, it is a clear formula for a sustained period of American decline as it will continue to delay much needed progress on the big challenges we face. 

This argument – about the success Democrats have gained through modernization, and the failures of the GOP for their refusal to do so – is at the very core of our presentation, With Democrats Things Get Better.  We are presenting it twice this month, on the 10th and 24th. You can learn more about these arguments, and sign up to see With Dems, here.  If you liked this analysis, you will love With Dems

Update - This research gets a nice shoutout in a new David Rothkopf essay in USA Today about Biden's economic agenda and success so far.