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US economy performs far better under Democrats than Republicans: study

A study released Tuesday by the Economic Policy Institute finds that the U.S. economy does better when a Democrat is in the White House than when a Republican is in charge.

The study examined GDP growth, employment growth, inflation-adjusted wage growth, the unemployment rate and more. Democrats were found to have had an economic advantage since at least 1949.

“This Democratic advantage is broad across all variables we measure, but is strongest in private sector outcomes – particularly business investment, job growth, and market-based income growth,” it said.

The study shows that there is a “pronounced Democratic advantage on nearly every measure of macroeconomic performance.” Still, the study finds that Republicans are generally viewed in opinion polls as better at managing the economy.

“It's hard to tell what survey respondents have in mind when they're asked about 'economy.'” For example, respondents often rate the Republican Party higher on economic management, while they rate the Democratic Party higher on issues related to health care “ says the study. “But health care is by far the largest single sector of the U.S. economy and significantly influences the economic outcomes of households, businesses and governments.”

The study also found that economic gains are “significantly more evenly distributed” when a Democrat is in the White House.

The study notes that not all economic numbers can be attributed to politics, as some of them are simply luck, but the trend seems to be that the economy as a whole does better when a Democrat is president.

“One would expect the large role of chance to have a uniform effect (almost by definition) on the partisan composition of presidential administrations. And yet the Democratic advantage in economic performance is striking through partisan control of the presidency,” the study says.

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