Tracey12 wrote:
> Dow is down 350 pts and crashing day after Obama was reelected.
>
>
> WHY?
Fact check. The Dow is up 5000 points
since Obama took office, after LOSING 2000
points under our last Republican president.
Why IS it that the stock market always does
better under Democrats, do you think?
REPUBLICANS vs. DEMOCRATS ON THE ECONOMY
Washington Monthly
The results are simple: Democratic presidents have
consistently higher economic growth and consistently
lower unemployment than Republican presidents. If you
add in a time lag, you get the same result. If you
eliminate the best and worst presidents, you get the
same result. If you take a look at other economic
indicators, you get the same result. There's just no
way around it: Democratic administrations are better
for the economy than Republican administrations.
Under Democratic presidents, every income class did
well but the poorest did best. The bottom 20% had
average pretax income growth of 2.63% per year while
the top 5% showed pretax income growth of 2.11% per
year.
Republicans were polar opposites. Not only was their
overall performance worse than Democrats, but it was
wildly tilted toward the well off. The bottom 20% saw
pretax income growth of only .6% per year while the
top 5% enjoyed pretax income growth of 2.09% per year.
(What's more, the trendline is pretty clear: if the
chart were extended to show the really rich — the
top 1% and the top .1% — the Republican growth numbers
for them would be higher than the Democratic numbers.)
In other words, Republican presidents produce poor
economic performance because they're obsessed with
helping the well off. Their focus is on the wealthiest
5%, and the numbers show it. At least 95% of the country
does better under Democrats.
http://www.washingtonmonthly.com/archives/individual/2005_05/006282.php