Who's best for the market? | Arkansas Blog

Tuesday, October 14, 2008

Who's best for the market?

Posted By on Tue, Oct 14, 2008 at 3:19 PM

I'm the son of a stockbroker. It was an article of faith in my house -- a product of my dad's experience and not his garden variety southern Democrat politics -- that Democratic presidents were better for business. My mother, who managed their little mom & pop brokerage office in South Louisiana, was a Reagan-style Republican generally, but she didn't quarrel with this opinion. She saw the pay stubs each month.

I wish BWB was still around. I'd  send him this NY Times article. He'd smack his palm on the desk, laugh that big laugh and start calling  his Republican clients to say  "I told you so." This one's for you, Waddy.

Since 1929, Republicans and Democrats have each controlled the presidency for nearly 40 years. So which party has been better for American pocketbooks and capitalism as a whole? Well, here’s an experiment: imagine that during these years you had to invest exclusively under either Democratic or Republican administrations. How would you have fared?

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, although that would be $51,211 if we exclude Herbert Hoover’s presidency during the Great Depression. 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.

From the ArkTimes store

Favorite

Comments (9)

Showing 1-9 of 9

Add a comment

 
Subscribe to this thread:
Showing 1-9 of 9

Add a comment

More by Max Brantley

Readers also liked…

  • IHOP coming down, but .....

    I always scan the Little Rock City Board for items of interest this week and this one caught my eye: A zoning measure required by a proposal to tear down the IHOP at Markham and University.
    • Apr 30, 2016
  • Police identify two women found fatally shot on Chicot Road

    Little Rock police have identified two women found dead of gunshot wounds in an SUV parked next to a vacant trailer in a mobile home park at 11500 Chicot Road.
    • May 16, 2017
  • Saturday's open line

    Got any thoughts? Put them here.
    • May 21, 2016

Most Shared

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation