It’s 1960 and you’re feeling flush because you have a thousand extra bucks to invest. Do you vote for John F. Kennedy or Richard Nixon?
Well conservatives would say, “…vote Republican because we’re better stewards of the economy.” In fact Mitt Romney is ‘banking’ on the notion that you’ll think his Bain Capital experience makes him the obvious choice, but the facts are otherwise. Here’s the real story:
Appreciation of $1000.00 during all the Democratic administrations since 1960: $10,920.00
Appreciation of $1000.00 during all the Republican administrations since 1960: $2,087.00
In other words, during the 28 years that Republicans have held the White House, your $1,000.00 has just barely doubled. But in the 23 years that Democrats have been in office, you’re money would have multiplied by a factor of 10! So which party should we be entrusting the economy to?
Republicans are good an enriching somebody…no doubt, but it’s not the average investor.