The Democratic Party is the Better Investment

Bill Clinton is practically jumping out of his chair to emphasize how much better his administration handled the economy than did George Bush. Even in Bush's first term, as the deficit raged out of control, I argued with Republicans in my family that Clinton had had a better hold on things economic than did Bush. Well now we have the numbers to show that your $10,000 investment during Republican administrations would not do nearly as well as the same investment made during Democratic administrations. As Bill himself would say, "It's the economy, stupid."

 

 

 

 

Say What?

via PhilanTopic by Mitch Nauffts on 10/14/08

I know...this is supposed to be a blog about philanthropy. But this chart on the op-ed page of today's NY Times is...well, an eye-opener. For those who can't make sense of it, Tommy McCall, the chart's creator, lays it out:

"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."

(click for larger chart)

(Hat tip Gary on The Big Picture blog)

Back to our regularly scheduled program...

-- Mitch Nauffts