Shocker: Even Trump Admitted 'Economy Does Better Under Democrats'

Donald Trump has been a Republican for decades. But during an unsually candid interview with CNN's Wolf Blitzer in 2004, he admitted that his party fell short in an area that has been central to his campaign—the economy.

"I've been around long now and I think of myself as a young guy, but I'm not so young anymore, and I've been around for a long time and it just seems that the economy does better under the Democrats than the Republicans. Now, it shouldn't be that way but if you go back, I mean, it just seems that the economy does better under the Democrats," Trump told Blitzer.

"Well it certainly did well under Clinton but I wouldn't suggest it was so great under Jimmy Carter," Blitzer said in response, adding, "If you remember the interest rates." 

Trump agreed.

"I know, I know. Jimmy Carter was not doing the same thing, but certainly we had some very good economies under Democrats as well as Republicans, but we've had some pretty bad disasters under the Republicans," Trump said. 

This comparison between political parties actually resurfaced during the 2016 election when Hillary Clinton made the same claim. In April, Poltifact rated Clinton's statement, "The economy always does better when there's a Democrat in the White House," half true. 

According to Politifact, "Clinton's comments require several caveats.The current growth in the economy under Obama is lower than the Republican average. Factors such as oil prices also reflect the higher GDP growth under Democratic presidents. On top of that, comparing one period of time to another or one president to another can be problematic."

However, Politifact also stated that, "Democratic presidents do have more Gross Domestic Product growth than Republicans, according to quarterly GDP data dating back to 1947, when the data was first tracked."


Enjoy this piece?

… then let us make a small request. AlterNet’s journalists work tirelessly to counter the traditional corporate media narrative. We’re here seven days a week, 365 days a year. And we’re proud to say that we’ve been bringing you the real, unfiltered news for 20 years—longer than any other progressive news site on the Internet.

It’s through the generosity of our supporters that we’re able to share with you all the underreported news you need to know. Independent journalism is increasingly imperiled; ads alone can’t pay our bills. AlterNet counts on readers like you to support our coverage. Did you enjoy content from David Cay Johnston, Common Dreams, Raw Story and Robert Reich? Opinion from Salon and Jim Hightower? Analysis by The Conversation? Then join the hundreds of readers who have supported AlterNet this year.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure AlterNet remains independent long into the future. Support progressive journalism with a one-time contribution to AlterNet, or click here to become a subscriber. Thank you. Click here to donate by check.

DonateDonate by credit card


Thanks for your support!

Did you enjoy AlterNet this year? Join us! We're offering AlterNet ad-free for 15% off - just $2 per week. From now until March 15th.