(Did not read the original op-ed, but love this letter)
Carly Fiorina (“Hillary Clinton Flunks Economics,” op-ed, Oct. 27) wants to give Hillary Clinton an F for claiming that, “The economy does better when you have a Democrat in the White House.” Our research is the source of that claim, and Mrs. Clinton is right. In a well-publicized and heavily scrutinized paper now awaiting publication in a peer-reviewed scholarly journal, we show that GDP growth between 1947 and 2013 was 1.8 percentage points higher, on average, when a Democrat sat in the Oval Office than when a Republican did. By standard statistical tests, a gap that large is highly unlikely to have occurred simply by chance. Even more dramatically, we show that GDP growth increased every time a Democratic president replaced a Republican and decreased every time a Republican president replaced a Democrat.
Ms. Fiorina bemoans the weak state of the economy today, but the Bush-to-Obama transition is no exception to this rule. The economy is far healthier today than it was in January 2009.
Prof. Alan S. Blinder
Prof. Mark W. Watson
Princeton, N.J.http://www.wsj.com/articles/ms-fiorina- ... 1446498563