Data Shows Democrats are Much Better for the Economy than Republicans
By Steve Kinsman, 27th Aug 2012 | Follow this author
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Posted in WikinutNewsPolitics
Contrary to conventional wisdom, the result of a good sales job by apologists for the GOP, you are much better off financially when Democrats inhabit the White House.
These figures don't lie
The Republicans have always painted their party as the best for economic prosperity and growth, but is it? The answer, according to research performed by financial planner Bob Deitrick and CPA and professor Lew Goldfarb, is a resounding no. They did a study, covering eighty years, (not including Obama's two plus years) 40 of which were when Republicans controlled the White House, and 40 when the Democrats were in power. The study looked at economic, growth, personal wealth, the stock market and 401Ks. Bottom line?: $100,000 invested in the stock market during the Republican forty years in the White House would end up being worth $126,027, but $100,000 invested in the stock market during the Democratic forty years would be worth $3,912,210. That is an astounding difference.
The rankings
Below is a list of the five most prosperous presidential periods, followed by the six least. Only the (Republican) term of Dwight Eisenhower made the top five, and only the (Democratic) term of Jimmy Carter was in the bottom six. Here are the rankings.
The Best:
1. JFK/LBJ
2. Franklin D. Roosevelt
3. Bill Clinton
4. Dwight Eisenhower
5. Harry Truman
The worst:
6. Ronald Reagan
7. George H. W. Bush
8. Jimmy Carter
9. Nixon/Ford
10. George W. Bush
11. Herbert Hoover
So there you have it. It turns out that economically speaking, the Democrats are the Bulls and the Republicans are the Bears.
Preview photo from shutterstock.com
JFK/LBJ photo from alternet.org
Comments
27th Aug 2012 (#)
great page Steve ..I love all the research you do and the facts you write ...thank you
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28th Aug 2012 (#)
Thank you for that nice compliment, cnwriter. I appreciate it.
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28th Aug 2012 (#)
;;;W
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28th Aug 2012 (#)
Excellent post Steve. But democrats or republicans the historical wheel of eclipse of US economy and power in next 5 decades is inevitable.
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28th Aug 2012 (#)
I'm afraid you are right about that Madan.
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28th Aug 2012 (#)
Sometimes facts are stranger than fiction! I feel bi-partisan, cooperative relationship based on inclusive growth will serve democracies better and even ensure their survival. We should know when to stop the bickerings! Thanks Steve for an eye-opener - siva
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28th Aug 2012 (#)
You're right, of course, Siva. Thank you.
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28th Aug 2012 (#)
You're right, of course, Siva. Thank you.
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28th Aug 2012 (#)
Unfortunately (but consistently), Republicans do not seem to be much interested in or influenced by data ...
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28th Aug 2012 (#)
That's for sure!
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28th Aug 2012 (#)
economic conditions are out of control there ,either democratic or republican it would be very difficult to reivive
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28th Aug 2012 (#)
I fully agree.
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