Then we have the numbers when it comes to comparing how jobs and unemployment have fared under recent Democratic and Republican presidents ...
Then we have market performance by presidential administration.
One thing is clear. When it comes to comparing the difference between Democratic and Republican administrations from William McKinley through President Obama (Aug. 2012), Democrats outperform Republicans (by far) when it comes to Total Returns (787% vs. 332%) and Average Annual Return on investment (15.31% vs. 5.43).
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Since the graph above only goes through August of 2012, the total returns and average annual return on investment are much higher for President Obama and other Democratic administrations. This is because markets (both the NYSE and the DJI) have climbed significantly over the past three years.
So, yeah, whether it's how the GOP works to ignore how President Obama has worked to clean up President Bush's mess, or how they ignore Democratic administrations outperforming their Republican contemporaries in the market since the late 1800s.
Finally, in the FYI category, as I discussed last week, the jobs picture in the U.S. has improved significantly since the Republican Party announced that Obamacare was going to kill jobs in America.
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There's more, but you get the point. Republican presidential hopefuls are either delusional or have no clue what they're talking about when it comes to the economy or their market talking points.
- Mark
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