Democrats are Better for Wall Street
02/29/2012 | 669 views | 0 0 comments | 4 4 recommendations | email to a friend | print

This is interesting. A look at stock market performance under Democratic and Republican administrations finds that Democrats have been better for stock performance, and it's not even close.



Bloomberg says if you took $1,000 and invested it in a fund that follows the S&P 500 in the time since John F. Kennedy was in office, the fund would have been worth more than $10,000 if invested under only Democratic presidents.



The same $1,000, invested in the same hypothetical fund starting with the Nixon administration and invested only under Republican presidents would only be worth $2,087.



If the fund followed the Dow Jones Industrial Average under the same conditions, the Democratic return would be $7,550 compared to $2,716 under the GOP.


The Democratic edge is so large that the party comes out ahead even without counting Bill Clinton (the Democrat with the biggest S&P 500 gain) and George W. Bush (the Republican with the worst market record). A hypothetical $1,000 investment under Democrats excluding Clinton was worth $3,539 versus $3,296 invested under Republicans except Bush.



Adding Dwight Eisenhower to the Republican column doesn’t overcome the Democratic advantage, either: $1,000 invested in the S&P 500 in January 1953 would have been worth $4,796 after 36 years under Republican chief executives -- still less than half the $10,920 nest egg accumulated in 23 years under Democrats.

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Ten Things You Need to Know for Friday
by Bryan Schott
May 24, 2013 | 14540 views | 0 0 comments | 3 3 recommendations | email to a friend | print
Countdown: There are 166 days to the 2013 municipal elections, 249 days until the start of the 2014 Legislature, 525 days until the 2014 midterm elections and 962 days until the 2016 Iowa Caucuses. 

An analysis says expanding Medicaid coverage will save Utah more than $130 million and would give health insurance to 123,000 residents [Tribune].

A new report ranks Utah #1 for economic outlook next year [Utah Policy, Tribune].

House Majority Leader Brad Dee goes on a European vacation with three lobbyists, but Dee insists the trip was above board because everybody paid their own way and they didn’t discuss politics [Tribune].

Former Attorney General Mark Shurtleff is caught on tape offering to get $2 million for Utah Businessman Darl McBride if he would shut down a website critical of another Utah businessman. That money was to come from a third Utah businessman who was in trouble with the Attorney General’s office [Tribune].

Former Legislator and current blogger Holly Richardson says she’s had enough with the “culture of corruption” permeating the Attorney General’s office [Holly on the Hill].

Sen. Orrin Hatch wants to hear from Utahns who think they have been inappropriately targeted by the IRS as part of his investigation into misconduct by the agency [Tribune].

Kennecott lays off 100 workers because of the massive landslide at their Bingham Canyon Mine [Tribune, Deseret News].

The Boy Scouts vote to allow gay members in their ranks [Deseret News].

Former Utah Gov. Jon Huntsman launches a new political action committee to support Republicans who share his point of view [Tribune].

Gov. Gary Herbert says he is confident the state can work out a deal to avoid taxing the electricity used by the new National Security Agency data center at Camp Williams [Tribune].
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