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Friday, June 29, 2012

Democratic Presidents Are Better for the Economy


Presidential Economic Scores

 

Illustration by Kiersten Essenpreis 

Bloomberg News (click here)

The prevailing political wisdom says that a U.S. president should win re-election if gasoline prices are stable, the stock market is climbing and monthly jobless numbers are declining.
There is some logic to this: Such indicators affect our pocketbooks and our psyches, whether or not the president has much control over them. Yet short-term economic fluctuations are not what make the nation strong or a president great.


Voters can decide whether to re-elect Obama according to gas prices, the monthly jobs reports and fluctuations in the stock market. Or they could take the long view and look closely at where the U.S. economy stood when he took office and where it is today.


A president is a success economically if he can help steer the country onto a longer-term path of broadly shared economic growth, and if his policies lay a foundation for sustainable prosperity for the future. Although it isn’t easy for voters to determine if a president is contributing to long-term economic success, they can do better than base their decisions on gas prices.


After three years in office, President Barack Obama has enough of a record to judge against the economic performances of other recent presidents. The rankings can help you cast a more informed vote in November -- one that doesn’t view Obama in isolation or depend on which candidate’s super-PAC spent the most on advertising.



To continue with this story go to  Bloomberg News (click here).
Bloomberg News (click here)

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