Created on Thursday, 18 October 2012 22:52 Published Date Hits: 292
I recently Googled “stock market results under Democrats and Republicans.”
Every source that came up verified the same conclusion.
Then, I searched for the historical growth of national debt to compare the two parties. Everything below can easily be verified online, and I encourage readers to do so.
Between 1929 and 2008, D’s and R’s had nearly 40 years of presidency each. If someone invested $10,000 (S&P Index) only during the GOP years, it would have grown to only $11,733. Exclude Herbert Hoover’s reign, and the number increases to $51,211.
Compare those numbers to $300,671. That is the Democratic total, resulting from a compound rate of 8.9 percent. Since 2008, the market has rebounded under another Democrat, erasing the losses of the Bush era.
Regarding the “Gross Federal Debt,” the following percentages represent the “increase” in debt during the tenure of each president:
Reagan – 218 percent; Bush – 55 percent; Clinton – 37 percent; Bush W. – 86 percent; Obama – 34 percent.
The debt-to-GDP ratio is a better measure of economic health than raw debt figures alone. Under the five Democratic presidents from Truman through Clinton, ALL reduced public debt as a share of GDP whereas the last four Republican presidents ALL oversaw an increase in the USA’s indebtedness (Wikipedia, Economist Mike Kimel).
Finally, 42 million jobs were created in the last six terms with a Democratic president in charge, 18 million more than Republicans produced in their last seven terms. Lately, Republicans have kept millions out of work trying to put one man out of a job!