VOTE YOUR WALLET
It’s well known the economy and stock market do better under Dems than Reps. But how foolish do I feel for never having made it this clear? The text (below) makes the case, but the graphic will drop that sculpted jaw of yours straight down to your thorax. Thank you, New York Times:
Bulls, Bears, Donkeys and Elephants
By TOMMY McCALL
Since 1929, Republicans and Democrats have each controlled the presidency for nearly 40 years. So which party has been better for American pocketbooks and capitalism as a whole? Well, here’s an experiment: imagine that during these years you had to invest exclusively under either Democratic or Republican administrations. How would you have fared?
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.
OH, THANK GOD
In February, I sang the praises of Bolthouse beverages. In June, I had to put principle above pomegranate and un-sing – and stop drinking the stuff – because the Bolthouse family patriarch was funding efforts to thwart equal rights. (Call me sappy, but I’m a big believer in equal rights.) Now comes word in the L.A. Times that ‘The food fight is over.’ The company has made peace with Californians Against Hate. It’s made clear, in word and deed, that it no longer has any connection to William Bolthouse, who sold out three years ago. Bring on the mangosteen!
Quote of the Day
The test of our progress is not whether we add more to the abundance of those who have much, it is whether we provide enough for those who have too little.~Franklin D. Roosevelt
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