Skip to main content

Democrats are Better Stewards of the Economy

In my previous posts, I have argued that democrats have simply been better stewards of the economy in the past, particularly in the last 60 years.

Tax-and-spend Liberal My Ass

Politics of the Federal Minimum Wage

Democrats Have Kept Unemployment Low

Democrats care about poor people

Truth About Economic Performance of Political Parties

In this post, I will discuss a recent graphic that further consolidates the view that the US economy has performed better under democratic presidents than republican ones. As I have noted before, there are many factors that affect the performance of the US economy aside from who is in the White House. Those factors notwithstanding, the whole narrative of a good economy under democratic administrations had been consistently true.

Tommy McCall provided a stark graphic at The New York Times called Bulls, Bears, Donkeys and Elephants. In there, he compares the performance of the stock market (S&P 90 * S&P 500) during Democratic and Republican administrations since 1929. Since Herbert Hoover was a real downer for the Republicans, McCall generously provides data including and excluding Hoover. So, how did the S&P fare under Democratic and Republican administrations? I will let you be the judge.
Labels:

Comments

Post a Comment

Popular posts from this blog

Online Storage Solutions

Problem: I often need to have some files readily available online so that I can access them from any computer. There are many ways to go about solving this problem and each comes with its set of shortcomings: Yahoo! Briefcase - 30MB limit Online storage services like Box.net, Xdrive, MediaMax - usually cost money; signing up is cumbersome Email to myself as an attachment - enough said there It's time to find a home-made solution. The solution I am about to suggest is intended for -- A *NIX user someone with access to a *NIX web server Solution: I am a linux user and I have user level access to a web server. The web server is configured such that the public does not have access to directory structure. So, I would need to write a script that copies my files to the web server and creates an index listing my files. Password protection of the storage would follow after that. Client Side: Use the following script to transfer file to server, make the file readable by public and execu...
Post a Comment
Read more

Distribution of Wealth in the US

The rich get richer and the poor get poorer. I heard this statement quite a bit lately particularly in light of the sub-prime mortgage and general housing crisis in the US. The country has enjoyed significant economic prosperity and both Clinton and Bush boasted economic growth under their reign. Unfortunately, the beneficiaries of the economic boom are not people from all economic backgrounds, but rather the top 10%. To make things worse, Bush gave tax cuts mainly targeting the top 10%. Being more of a numbers guy, I always wanted showing the validity of the-rich-get-richer-n-the-poor-get-poorer statement. Thanks to Wikipedia , I have finally found it!! Both the mean and median net worth of families for the bottom 50% of the population has remained absolutely flat while the 75th-90th percentile see a decent growth and the top 10% enjoy the most appreciation on their net worth. So, if you factor in inflation, the-rich-get-richer-n-the-poor-get-poorer probably holds true. The g...
1 comment
Read more

VP Picks and Chances of a President Dying in Office

After McCain picked a relatively unqualified and inexperienced Sarah Palin, many people gasped at the possibility of Palin having to take over the presidency in case something happens to McCain. I think McCain dying in office is overstated considering he appears healthy and fit despite the recurrence of a malignant melanoma. Plus, he has been getting great healthcare due to his status and will continue to do so whether or not he wins the presidency. That said, it would be nice to get numbers on chances of McCain's survival as a function of his age. Thankfully, that information was provided by Alex Burns at Politico . The odds of a 72-year-old man living four more years, or one full White House term, are better. But for a man who has lived 72 years and 67 days (McCain’s age on Election Day this year), there is between a 14.2 and 15.1 percent chance of dying before Inauguration Day 2013 , according to the Social Security Administration’s 2004 actuarial tables and the authoritati...
Post a Comment
Read more