40m of 42m new jobs since 1989 have come under Dem Presidents

In preparing our monthly look at the US jobs report, we’ve come across a set of statistics we just can’t stop thinking about: of the 42 million new jobs America has created since the Cold War ended in 1989 and a new age of globalization began, 40 million of those jobs – 95% - have come in the 17 years of 3 Democratic Presidents, Clinton Obama and Biden.  Only 2m of those jobs were created in the 16 years of GOP Presidents, 2 Bushes and Trump (see the graph below). 

As we write in our analysis accompanying these graphs, we think this jawdropping asymmetry in performance is critical to understanding some of the core dynamics driving American politics today; most importantly, that the Republican Party has failed to keep up with a changing world and has in essence become a failed party - angry, reactionary, illiberal, MAGA.  Democrats, meanwhile, have repeatedly done their part, modernizing, creating growth, jobs, rising wages, a booming stock market and a better America.