Data Shows Democrats are Much Better for the Economy than Republicans
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.
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.
2. Franklin D. Roosevelt
3. Bill Clinton
4. Dwight Eisenhower
5. Harry Truman
6. Ronald Reagan
7. George H. W. Bush
8. Jimmy Carter
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