If the Democratic nominee for President, Barack Obama, wins
the Presidential election on November 4th, I'll be
investing in the stock market on November 5th.
Why? Because Democrats haven proven time and time again to
be much better at leading the economy than Republicans
have. The Democrats approach the economy from the
perspective that every American deserves to prosper, while
the Republicans approach it with the idea that the rich
need to get richer and that somehow some of those riches
will "trickle down" to the rest of us.
This is more than just my opinion. It's also the opinion of
Warren Buffet who is a strong supporter of Barack Obama.
He's also the second richest man in America, so he knows a
little bit about money. On top of that, it's also the
opinion of Paul Krugman who supports Obama's economic
policies and who also just won the Nobel Prize in
economics. So yes, he knows a little bit about the economy.
But even more than the opinions of obvious experts like
Buffet & Krugman to go on, there's the history of the last
80 years which shows that the stock market tends to go up
much faster with Democratic Presidents than with Republican
Presidents.
Of the last 12 Presidents only 4 have been Democrats yet
the the best two Presidents for stock market returns have
been Franklin D. Roosevelt & Bill Clinton (both Democrats
of course.) The stock market went up 336% during Franklin
D. Roosevelt's very long Presidency. It went up 259% during
Bill Clinton's 8 years as President.
On the other hand the worst four stock market returns all
came during Republican administrations. The worst of all
was Herbert Hoover's -68% return during the Great
Depression. Second worst? George W. Bush's -28% (so far.)
Only three of these most recent 12 Presidents had negative
stock market returns during their Presidencies and all
three were (or are) Republicans. Richard Nixon's -10% is
the 3rd (along with Hoover & Bush Jr.)
While Jimmy Carter is pointed at by conservatives as an
example of a failed Democratic Presidency, the stock market
did actually go up 56% while he was President.
Carter was also talking about alternative energy way back
then. Imagine where America would be today if we had gone
that alternative energy route back then? We'd be way ahead
of the curve in alternative energy. Carter was ahead of his
time.
Barack Obama is the obvious choice for those of us who want
to see this economy turn around. John McCain's economic
policies are nothing more than more of the same. And we all
know what a failure those policies have been over the last
8 years. Why would they do any better over the next four
years?
Vote with your wallet. Vote for Barack Obama on November
4th. Invest in the stock market on November 5th.
----------------------------------------------------
Marvin J. Markus recommends that you learn more about the
election at http://www.ThePresidentialCandidates.us
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