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/

That's what I'm talkin' 'bout...

 

The above picture is one of the best and most glaring examples of what I've written about here a few times. And that is, The Kansas City Star's inability--or lack of desire or something--to write anything penetrating--and yes, potentially negative--about the state of the area's real estate, with some few, rare exceptions.

I assume the realtors have them by the throat or something.

I thought one of the most important jobs the local newspaper would be to keep the area readers and inhabitants informed on the state of one of our most important facets of our economy--that is, both the commercial and residential real estate markets.

Silly me.

The above condominium building was created in the last year or two but to this day has remained vacant. It's in a very desirable area, too, overlooking Mill Creek Park, just off the Country Club Plaza, and is a beautiful facility.

And if it were the only one--or just one of few in the area--I could understand overlooking it.

But the fact is, there is a great number of these condominiums available in the area.

And you wouldn't know it by reading the local paper.

Commercial real estate? Especially retail?

Same thing.

I would think there are more stories there.

They did have one article, a couple days ago on foreclosure notice rates in the city compared to others, nationwide and another on discounts home buyers were getting on properties--the "pretty" news, for buyers--but that's nearly it.

And sure, they'll report the opening of a new store now and again, but give the overall, big picture on real estate, especially now, when we're in a downturn?

Not really.

Not if you read The Kansas City Star.