For all of the bogus 401k and economic growth arguments people are making to justify their voting decisions: “Since 1945, GDP grew by an average of 4.1% under Democrats, compared with 2.5% under Republicans.”
“Since 1945, the S&P 500 has averaged an annual gain of 11.2% during years when Democrats controlled the White House, well ahead of the 6.9% average gain under Republicans.”
“During the first year of a Democratic presidential term, the S&P 500 has climbed an average of 16.7%, compared with 0.4% for Republicans.”
“Since 1945, Per-share earnings grew by 12.8% on average when Democrats controlled the White House, compared with just 1.8% for Republicans.”
“Ten of the last 11 recessions, going back to the 1950s, started during a GOP-run White House. The only exception was President Jimmy Carter, who presided over a period of weak growth and high inflation driven in large part by high oil prices.”
None of this is particularly useful. It does, however, confront the simple narrative out there that the media advances. We should know that economic performance and policy are quite complex. But here we are...
Source: cnn.com/2020/09/23/inv…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
