Column: Trump claims the economy will do better if he's reelected. History says he's wrong
Until very recently, Donald Trump was fond of proclaiming that his reelection would be a boon to the U.S. economy and the stock market.
If Democrat Joe Biden were to be elected president, he told Maria Bartiromo of Fox Business Network, "this market's going to crash" and Biden would "tax this country into a depression like in 1929."
If this sounds like typical Trumpian bluster, it also feeds into the received wisdom that Republicans are pro-business and Democrats the opposite, and therefore the economy and markets do better under the the GOP.
As is often the case, the received wisdom is wrong. Both economic growth and stock market gains have been stronger under Democrats than Republicans, according to measurements dating back to Herbert Hoover.
For some reason, this fact escapes many political analysts when they ply their trade during presidential election years.
The empirical truth,
