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Thoughts on Voting

"The people who cast the votes don't decide an election; the people who COUNT the votes do." -- Joseph Stalin

Saturday, November 1, 2008

Democrats are Better for the Stock Market


Peter Siris of Guerrilla Capital:

Since 1929 both parties have controlled the White House for 40 years and Siris estimates that the $10,000 would be worth $11,733 under Republican administrations and $300,671 under Democratic ones. According to Siris, "for whatever reason, Republicans have been in office during the three worst stock market declines: The Great Depression, the early to mid-1970s, and the current market."

What about recent presidents? Under the Clinton administration, the S&P 500 rose the most in the last 60 years -- up an average of 17.4% per year. The only president who posted a negative performance is a familiar name -- George W. Bush -- under his administration, the S&P 500 has fallen 27% from 1,342 to 979.

This is consistent with our recent post,
How the American Economy Was Destroyed
.




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