August 22, 2009
Democrats: the Party of Business

Somehow I missed the factoid below when it first came out, but Skimble has pointed me to it. Follow this link for a stunning bar graph that makes the point so clearly that the even most mindless Republicans on the country club terrace should be able to grasp it. Not that they will.

Since 1929, Republicans and Democrats have each controlled the presidency for nearly 40 years. So which party has been better for American pocketbooks and capitalism as a whole? Well, here’s an experiment: imagine that during these years you had to invest exclusively under either Democratic or Republican administrations. How would you have fared?

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.



Posted by Jerome Doolittle at August 22, 2009 12:38 PM
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I'm surprised you didn't find out about this sooner as it has been noted on a number of blogs for several years. In fact, a blogger who posts at the Angry Bear web site under the name Cactus is writing a book on the topic.

It's obvious to me why businessmen prefer Republican administrations to Democratic ones. Democratic presidents are marginally less likely to allow rich businessmen to loot than Republican ones. Unfortunately, once the rich have looted all the money out of the economy, it tends to fail, which drags down the numbers for Republican administrations.

Posted by: Colin Escherich on August 22, 2009 4:17 PM

See: Facts have a liberal bias.

Posted by: karen marie on August 22, 2009 5:45 PM
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