Does the nation's economy do better when a Republican or a Democrat is in the Oval Office?
In a recent campaign stop in Sacramento, Calif., Hillary Clinton declared that Democrats have the magic touch. "It is a fact that the economy does better when we have a Democrat in the White House," Clinton said on June 5, speaking at Sacramento City College during her final push in the California primary.
It's similar to a statement the likely Democratic presidential nominee made on March 21 in Phoenix, when she said: "The economy always does better when there's a Democrat in the White House."
PolitiFact Arizona checked out that claim and rated it Half True.
The Clintons love these comparisons, by the way. In 2015, PolitiFact ruled Mostly True claims from Hillary Clinton that "Under Republicans, recessions happen four times as frequently as under Democrats" and that "The stock market does better when you have a Democratic president in the White House." At the 2012 Democratic National Convention, former President Bill Clinton had this statement rated True: "Since 1961 … our private economy has produced 66 million private-sector jobs. So what's the jobs score? Republicans 24 million, Democrats 42 [million]."
The score, however, isn't as good for this latest Clinton claim.
Clinton's Arizona spokesman, Tim Hogan, pointed us to a July 2014 study on the topic from Princeton University economists Alan Blinder and Mark Watson. The study concludes that Democratic presidents do have more growth in gross domestic product (GDP) than Republicans, according to quarterly GDP data dating to 1947, when the data were first tracked.
However, the economists point out that there are other factors, such as better oil prices and international conditions, that could be driving these better numbers for Democratic presidents. In short, Democrats occupying the Oval Office tend to have a little better luck.