Bad for Business? “As strange as it may sound, diehard Republicans believe that President Barack Obamas tenure has been disastrous to U.S. business. Stock market returns so far during his tenure tell another story. A recent Reuters article detailed that the S&P 500 is up some 74% since Obama took office in late January 2009. Of course, luck has much to do with the fact that he came into office just as the stock market was bottoming from the credit crisis, but it is somewhat surprising to learn that this is the strongest first-term performance since Dwight Eisenhower served his first term back in the 1950s. Another study published by Bloomberg went into more depth on the issue of whether Democrats or Republicans are better for the economy. It cited work by Richard Carroll, who performed an analysis and ranked economic performance for presidents starting with Harry Truman following the Great Depression.” GOP Vs. Democrats: Whos Best For Americas Economy? By Ryan C. Fuhrmann on August 21, 2012 investopedia/financial-edge/0812/gop-vs.-democrats-whos-best-for-americas-economy.aspx
Posted on: Sat, 18 Oct 2014 00:59:07 +0000
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