Conventional wisdom holds that Republicans are better for big business in than Democrats are.I am here to tell you that that theory is total, 100%, unadulterated bullshit.
Bill Clinton inherited a big budget deficit when he took office in 1992, and by the time he left America had its biggest budget surplus in history. George W. Bush (aka The Train Wreck) of course promptly turned this surplus into a gaping, gargantuan budget deficit during his 8 disastrous years in office....
Now, with the economy turning, it appears that history is about to repeat itself. Republicans manage the American economy like a pack of drunken sailors, and Democrats clean up the mess. Think I'm being biased?
Check out the two charts below, which show's the stock market's performance during Bush's first year plus in office from his inauguration to about this time eight years ago, compared to Obama's term up to now:
GEORGE W. BUSH STOCK MARKET PERFORMANCE
OBAMA STOCK MARKET PERFORMANCE
The numbers don't lie: it's amazing what competence in the Oval Office does for the capital markets and for big business.
One less reason to vote GOP.
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