Wednesday, October 31, 2012
What a staunch business magazine has to say about this election
From Forbes on this election and these two presidential candidates:
Want a Better Economy? History Says Vote Democrat!
"...The common viewpoint is that Republicans are good for business, which is good for the economy. Republican policies – and the more Adam Smith, invisible hand, limited regulation, lassaiz faire the better – are expected to create a robust, healthy, growing economy. Meanwhile, the common view of Democrat policies is that they too heavily favor regulation and higher taxes which are economy killers."
According to Bob Deitrick and Lew Godlfarb in their reputedly "easy to read book", “Bulls, Bears and the Ballot Box”, they found the following and more:
--Personal disposable income has grown nearly 6 times more under Democratic presidents
--Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents
--Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)
--Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)
--Republican presidents added 2.5 times more to the national debt than Democratic presidents
--The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations
And that's just for starters. The book holds much more information and data.
I thought it important to point out, so close to election day.
Link: http://www.forbes.com/sites/adamhartung/2012/10/10/want-a-better-economy-history-says-vote-democrat/
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