Democrats better for the markets?
By WallStArb - Posted on October 17th, 2008
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Someone posted this in the live chat and I thought it was interesting. While I'm not politically active nor would I say I am a member of a particular party this really surpised me to see this.
"As of Friday, a $10,000 investment in the S.& P. stock market index* would have grown to $11,733 if invested under Republican presidents only, although that would be $51,211 if we exclude Herbert Hoover’s presidency during the Great Depression. Invested under Democratic presidents only, $10,000 would have grown to $300,671 at a compound rate of 8.9 percent over nearly 40 years."
I strongly urge some comments and feedback to this... anyone have any idea why? Let's hear some good explanations.
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I work on the theory that the ONE thing a Democrat needs more than anything else is the Republican's vote and similarly the thing most in demand by a Republican is the Democrat vote. Doesn't need much extrapolation to see that the Republicans (let's say the 'money' guys) are going to do their damndest to look after the 'poor' guys and the Democrats (let's call them the 'not so much money' guys) are going to be itching to keep big money flowing.
I thought this up about 15 years ago and it's an idea that doesn't seem to want to go away. What could be simpler? It seems to me to be a gaping hole at the bottom of the Democracy barrel when you would have to vote for the opposite party to your natural affiliation in order to get what you want. Strange world indeed.