The Party records on the economy

though the DNC faced big donor pressure to move closer to the GOP corporate philosophy in recent years, it was the Democrats who gave us the 40 hour workweek, minimum wage, overtime, unemployment insurance, social security insurance, medicare, etc..

I found some info that needs updating:

Recessions Since 1950 and Party in WH at Onset

Jul 1953 - May 1954 Republican
Aug 1957 - Apr 1958 Republican
Apr 1960 - Feb 1961 Republican
Dec 1969 - Nov 1970 Republican
Nov 1973 - Mar 1975 Republican
Jan 1980 - July 1980 Democrat
Jul 1981 - Nov 1982 Republican
Jul 1990 - Mar 1991 Republican
Mar 2001 - Nov 2001 Republican
Dec 2007- Jun 2009 Republican

There have been 22 recessions since 1900.

16 have started under Republican leadership, 6 under Democrat leadership
http://www.nber.org/cycles.html

and this:

Red states have been welfare states for the past 50 years getting back on average 50% more in Fed money than they pay in..they are our national debt, poorest 15 states, bottom in education, highest in per capita food stamps, welfare and etc... highest per capita rate of min wage jobs.

and here's the CBS fact check on Clinton's job creation by political party speech:

http://www.cbsnews.com/8301-250_162-57507626/fact-checking-7-claims-in-bill-clintons-convention-speech/

(data from the Bureau of Labor Statistics)

Republicans:
Richard Nixon: + 7.1 million
Gerald Ford: +1.3 million
Ronald Reagan: + 14.7 million
George H. W. Bush: + 1.5 million
George W. Bush: -646,000

Total jobs added: +23.9 million (in 28 years)

Democrats
John F. Kennedy: +2.7 million
Lyndon B. Johnson: +9.5 million
Jimmy Carter: +9 million
Bill Clinton: +20.6 million
Barack Obama: +332,000

Total jobs added: +42.1 million (in 24 years)

Clinton's assertion, then, is true: For whatever reason, Democratic presidents have added approximately 42 million private sector jobs, cumulatively, while Republicans have added approximately 24 million.

Politifact points out that Clinton did not include public sector job growth in his calculations. Because Democrats are thought to historically add more government jobs than Republicans, adding those figures could have pumped up Democratic job growth figures even more, Politifact argues.