Democrats fight for reasoned regulation of the markets using a consistent, fair framework. Republicans chaff at any restraint, sure that the market can be "self regulating." So how much data do you need to see which side is right?Republicans pursue policies to put the "invisible hand" of the market at play, through deregulation, but it has been suggested that what we have seen at work on the American economy over the last 8 years is the highly visible "hand of idiocy." As soon as Obama gets elected, put your money back in the market. You will be very glad you did.
Since 1929, Republicans and Democrats have each controlled the presidency for nearly 40 years. ... 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 ... 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.
$1700 in growth under Republicans, $290,000 under Democrats. Even if you exclude the failure of the markets under Hoover, Democrats still come out with six times the results of the GOP.
Of seven Republican presidents, three turned in negative results and the average rate of return was only 0.4%. Every Democratic president since 1929 has turned in a positive performance, with Bill Clinton setting the record at a 15.2% rate of growth.
So the next time someone suggests to you that the market averages 6%, or 7%, or 8% growth over the long term, remember this caveat: only when Democrats are in charge.
This blog is dedicated to sharing the concept that our hands are essential to learning- that we engage the world and its wonders, sensing and creating primarily through the agency of our hands. We abandon our children to education in boredom and intellectual escapism by failing to engage their hands in learning and making.
Tuesday, October 14, 2008
Against conventional wisdom. The Republicans claim to be better for business, and many business leaders connected with large corporations like Walmart are died in the wool Republicans... So the following is interesting:
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