Political Control Scoreboard
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Presidency,
U.S. House
& Senate
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DJIA Gain
Inflation Rate
Housing Starts Growth Rate
Unemployment Rate
GNP Growth Rate
Prime Rate
Dollar Appreciation Rate
Home Price Appreciation Rate
Real DJIA Gain
Real GNP Growth Rate
Real Prime Rate
Real Home Price Appreciation
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8.9%
4.3%
2.9%
5.8%
6.4%
5.9%
3.0%
5.2%
4.5%
2.9%
2.6%
1.5%
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6.0%
1.9%
0.0%
5.9%
6.5%
7.3%
3.4%
4.5%
4.1%
2.3%
3.6%
0.9%
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7.0%
4.2%
-2.3%
5.7%
7.0%
6.4%
2.5%
3.8%
2.7%
2.5%
2.3%
-1.1%
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7.9%
1.7%
2.9%
4.9%
5.2%
6.0%
2.1%
5.9%
6.2%
3.0%
4.0%
3.6%
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7.0%
4.2%
-2.3%
5.7%
7.0%
6.4%
2.5%
3.8%
2.7%
2.5%
2.3%
-1.1%
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7.9%
1.7%
2.9%
4.9%
5.2%
6.0%
2.1%
5.9%
6.2%
3.0%
4.0%
3.6%
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The above table shows the historical performance of a variety of economic
indexes, depending on which political party controlled various branches of the U.S
Government.
For example:
The top row shows that the Dow Jones Industrial Average (DJIA) had an average
gain of 8.9% and 6% under Democratic and Republican Presidencies, respectively.
It gained 7% when Democrats controlled both the House and the Senate. However,
the DJIA gained 7.9% when the Republicans controlled both the house and the
Senate.
When Democrats controlled the House of Representatives, the Senate and the
Presidency, the Dow gained 7%. When the Republicans had control of all three
branches, the DJIA gained 7.9%.
The stock market gains exclude dividends.
All the figures above are annual rates.
The bottom four lines are REAL (INFLATION ADJUSTED RATES).
For example, suppose that the stock market gained 14% last year, and inflation
was 4%. The stock market actually only gained 10% in real (inflation adjusted)
terms (14%-4%=10%). That's because 4% of the dollar's purchasing power was
lost to inflation.
The average Real DJIA Gain when the Democrats controlled the House and the
Senate has been 2.7%. When the Republicans controlled both houses, it averaged
6.2%.
The table above is updated as data becomes available Data periods are:
1900-1/2018 for the Dow, 1900-2/2018 for Inflation, 1959-2/2018 for Housing
Starts; 1948-2/2018 for Unemployment; 1947-9/2017 for GNP; 1949-2/2018 for
Prime Rate; 1973-3/2018 for the Dollar and 1975-12/2017 for Home Appreciation
Rates.
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