Fascinating. Reprinted from and via John Gruber:
Tommy McCall compares the growth of the S&P stock index under Republican and Democratic presidents since 1929:
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.
Facts continue to hold a liberal bias.
These facts are also illustrated nicely in the cartoon I posted earlier.
So, some of us have known these facts for a long time. Why are the Republicans so successful at getting people to believe that they are the masters of finance, that they represent prosperity? Could it be because the Republican party itself is run by a bunch of rich old white men and that people think they’ll also be rich if they join them?