Just a bag of trick or treat political offerings. C’mon, man, with December holiday props already up in places, I can be excused for being a few days early for Halloween, can’t I?
I know facts are not in vogue with the Grand Old Trump party. But Schwab sent me an email with links to historic data about political parties and various financial facts since 1961. People claim it’s the economy, so let’s take a look.
- The proferred analysis shows that what party is in charge doesn’t affect the stock markets. They keep going up no matter who is charge.
- GDP. If you’re worried about the GDP, go Democrat.
- The annual average growth under Republicans is 2.5%.
- Democratic presidents saw 3.3% average growth. President Johnson led everyone with 5.5%.
- If it’s unemployment rates causing your political itches, go Democrat.
- “Next, we can look at the unemployment rate, which on average started lower under Republican presidents than under Democrats. However, on average, the unemployment rate rose under Republicans and fell under Democrats.”
- Turning attention to the S&P 500, should that be what gives you a rash, the Democratic Party is the one for you.
- “As shown via the summary rows at the bottom, stocks have performed better in all four cycle years under Democratic presidents.“
As for the sectors, no rhyme and reason is found regarding the political party in charge. Check out the article for the fuller deets.
Annie shared Infidel753’s post about polls and the chance for a blue sweep. Infidel753 cautions that they might not be right, but they point out some trends, logic, and past results for why a blue wave might happen. Check it out.
The brilliant boy, Elon Musk, has the classic Trump grasp of governing. As do Trump supporters. Musk warns about some hardships trying to immediately slash the government’s burden. From what I’ve understood of the Federal budget process, Congress controls it.
“The Constitution makes clear that Congress holds the power of the purse, giving it authority “to lay and collect Taxes, Duties, Imposts and Excises” and specifying that “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by law.” In short, federal taxing and spending requires legislation that is enacted into law.”
As usual, the Constitution and its strictures mean nothing to the GOT Party. They just want to do what they want to do.
Vote blue. I have.
Michael Seidel, writer 