Mathmatically Proven Fact vs Mistaken Popular Belief
[QUOTE=Tiny12;2825601]Come on Tooms. You could make be making hay with Trump's indictment instead of trying to argue math with someone who's a much better mathematician than you.
First, Kiplinger's number's are all within 0. 4% of my numbers, for every president on your list except Biden. That is, for George H W Bush, Bill Clinton, George W Bush, Barrack Obama, and Donald Trump. Biden's is significantly different because we didn't use the same end date. You were complaining about me carrying a date to three significant digits earlier. Well, if you just carry the percentages to two significant figures, Kiplinger's and my numbers are the same. Your numbers on the other hand are way off from Kiplinger's, because your method of calculation is bogus.
Furthermore, my numbers are right. I'll repeat our posts below, which show starting and ending values for the indices. You conveniently picked Trump instead of, say, George W. Bush, because Trump's a Republican and Kiplinger's number is slightly lower than mine.
Anyway, 2271 x 1. 14 x 1. 14 x 1. 14 x 1. 14 = 3835.
For Kiplinger, it's 2271 x 1. 137 x 1. 137 x 1. 137 x 1. 137 = 3795.
You'll note below I was using 3841 for the ending value. Your 3851 was actually the correct number. My number is closer to the truth than Kiplinger's, but only slightly closer.
[b]And yes, when you just look at George H. W. Bush through Donald Trump, like what you did originally, then the Democratic terms look better. That's why I congratulated you on identifying a spurious correlation. You add say Biden, Reagan and Carter and the Republicans may look better. I don't know and I don't care because trying to a prove spurious correlation (correlation which isn't causal) is a stupid exercise.[/b]
Your math exaggerates the performance more during the Democratic presidencies because both served 8 years, while two of the three Republicans served just one term. I'm not going to try to explain why because this is like trying to teach calculus to 7th grader who believes math is some kind of political propaganda.[/QUOTE]The "spurious" relationship between superior economic and stock market performance under Dem presidents vs Repub presidents goes back about as far as any financial analyst can go. That has been documented, calculated and proven mathmatically so often and by so many financial analysts and publications I really didn't think I needed to go back any further than 2-3 Dems and Repubs this time. Even a 7th grader could look it up and know it within minutes. Pretty much the same reason I did not feel the need to break it down to precisely how much Per Annum Growth or Decline a dollar invested on January 20,1989 would experience until today, 0. 36 or 0. 37 or perhaps 0. 38 of the way into 2023:
[B]Who is better for the Stock Market: Democrats or Republicans?
Arthur Stein Financial, LLC | Sep 9, 2012[/B]
[URL]https://www.arthursteinfinancial.com/blog/who-better-stock-market-democrats-or-republicans[/URL]
[QUOTE]J.P. Morgans June, 2012 Guide to the Markets report detailed the affect on stock market returns of political control of the White House, Senate and House of Representatives from 1940 to 2008.
The results are surprising.
[b]According to the report, the stock market performed best when the President was a Democrat. The weakest returns occurred with Republican Presidents.[/b][/QUOTE][B]Democratic presidents are better for the stock market and economy than Republicans, one study shows[/B]
[URL]https://markets.businessinsider.com/news/stocks/stock-market-election-democratic-republican-presidents-better-performance-economy-gdp-2020-8-1029528932[/URL]
[QUOTE][b]Contrary to popular belief[/b], the stock market and economy have performed better under Democratic presidents than it has under Republican presidents, according to data going back to 1946.
Liberum, a UK-based investment bank, pointed to historical stock market returns and annual GDP growth to make the case that a Republican president's drive to cut taxes and reduce government spending often leads to lower economic expansion and stock market returns than when a Democratic president is in office.
Since 1947, the S&P 500 has posted a total annual return of 10.8% under Democratic presidents, versus 5.6% under Republican presidents.
And if you exclude the Great Recession and COVID-19 pandemic, both of which happened under a Republican president, the data still points to stronger returns for Democratic presidents versus Republican presidents.[/QUOTE]How did that utterly mathmatically inaccurate "popular belief" come about?
Why, from the tireless efforts by pro Repub Mainstream Media and pro Repub Bothsider / Neithersiders to spread such nonsense, of course.
I don't want to live in a country where Trump could be held accountable
"Now that my favorite president, Donald Trump, is facing a 37-count indictment from the feds, I join with my brothers and sisters in MAGA, and with all sensible Republicans, in saying this: I'm not sure I want to live in a country where a former president can wave around classified documents he's not supposed to have and say, "This is secret information. Look at this," and then be held accountable for his actions.
I mean, what kind of country have we become? One in which federal prosecutors can take "evidence" before a "grand jury," and that grand jury can "vote to indict" a former president for 37 alleged "crimes"? Look at all the other people out there in America, including Democrats like Hillary Clinton and President Joe Biden, who HAVEN'T been indicted for crimes on the flimsy excuse that there is no "evidence" they did crimes. THAT'S TOTALLY UNFAIR!
Or as Republican Sen. Marsha Blackburn tweeted: "Where are the investigations against the Clintons and the Bidens? What about fairness? Two tiers of justice at work. "
TWO TIERS! One tier in which President Trump keeps getting indicted via both state and federal justice systems and another in which the people I don't like keep getting not indicted via all the things Fox News tells me they did wrong.
It's like America has become a banana republic, as long as you do as I've done and refuse to look up the definition of "banana republic. "
And of course, you know who's behind this travesty of justice, right? It's so-called President Biden, who is both frail and senile and also a laser-sharp master at conducting witch hunts.
Sure, they'll tell you the indictment came via a special counsel investigation, and that the federal special counsel statute keeps such investigations walled off from political influence. But that's complete nonsense, unless we're talking about special counsel John Durham, who was appointed by Attorney General Bill Barr while Trump was president and tasked with investigating the NEFARIOUS LEFT-WING CRIMES committed in the Trump-Russia probe. Durham was above reproach, and the fact that the New York Times reported he "charged no high-level F. Be. I. Or intelligence official with a crime and acknowledged in a footnote that Hillary Clinton's 2016 presidential campaign did nothing prosecutable, either" is something I will ignore.
Current special counsel Jack Smith, on the other hand — he's bad news. I know this because Trump has said repeatedly that Smith's investigation is a witch hunt, and I've never known Trump to lie about anything.
Keep in mind, in 2016, Trump said: "I'm going to enforce all laws concerning the protection of classified information. No one will be above the law. ".
So after he said that, you expect me to believe he didn't protect classified information? Just because, according to the indictment, there's a recording of him holding a classified document in his office at his club in Bedminster, New Jersey, and saying to two staff members and an interviewer: "See, as president I could have declassified it. . Now I can't, you know, but this is still a secret. ".
You call that "damning evidence," I call it, "What about Hunter Biden's laptop?
Now I can already hear all the libs out there whining and saying that if it was Biden or Hillary or Hunter getting indicted, I wouldn't be saying a word about two-tiers of justice or the weaponization of the department of justice or anything like that.
Well, those whiners would be right, but the difference is I believe Biden and Hillary and Hunter are all guilty and should be locked up for life, whereas with Trump, I believe he is great and innocent and the best president America has ever known.
It's like this: If Hillary got indicted for murder, I would say, "Yes, she is absolutely a murderer. Lock her up. ".
But if in some outrageous scenario President Trump was indicted for murder just because he told a bunch of people that he did a murder, I would say: "How dare you charge this man with murder when others in the USA have not been charged with murder! There are clearly two tiers of justice, one in which my favorite president, who said he murdered someone, is charged with murder and one in which people who haven't murdered are not charged with murder!
And that, my liberal friends, makes perfect sense to me and my MAGA companions. So watch out. The Trump Train's a comin'. "
[URL]https://news.yahoo.com/dont-want-live-country-where-080013662.html[/URL]
No, no, no, it is not simplistic regarding the Economy and Stock Market Performance
[QUOTE=Tiny12;2825849]Well, yeah, a spurious relationship between a Republican controlled House of Representatives and favorable stock market performance goes back a long way too. It's not causal either, although I do give some credence to the belief that a Democratic President and Republican House has historically been the best for America. Budget bills originate in the House. When one party controls the House, Senate and Presidency, it goes crazy with spending. We saw that recently in 2021 and 2022. And this year the Republican House, with a Democratic President, was able to claw back $1. 5 trillion of the $5 trillion+ in unfunded spending passed by the Democrats the previous two years. And no reasonable person would question the clawbacks, in their totality.
[b]Your view that the party of the president is one of the main determinants of stock market performance is incredibly simplistic.[/b]
This is from the CNBC link below.
Sam Stovall, CFRA chief investment strategist, looked at how the market has performed under six political scenarios: a White House and Congress all under the same party, a White House with a split Congress, and a White House and Congress hailing from two different parties. Stovall included election data going back to 1945.
Of all the possible combinations, stocks appear to perform best when a Democrat is in the White House and the Congress is split. The second highest returns happen when a Democrat is president and Republicans control the Congress.
But ultimately, Stovall said, investors should be wary of reading too much into these numbers.
[b]"It's a good example of how you can have data tell whatever story you want," he said. "If you want to favor the Democrats, talk about the presidency. If you want to favor the Republicans, talk about House control. ".
Bob French, director of investment analysis at McLean Asset Management, agrees. "We can go in and slice and dice the data however we want and most of the time come up with whatever answer we want. ".[/b]
[URL]https://www.cnbc.com/2020/11/03/are-republicans-or-democrats-better-for-the-stock-market.html[/URL][/QUOTE]I have repeatedly agreed that the relationship between Repub presidents and every Great Depression, Great Recession and Massive Jobs Destruction and none of the Great Recoveries, Great Economic Expansions and Historic Jobs Creation since the late 1920's is "spurious", "a wild coincidence" and "bad luck for Repubs ".
The same as the next Great Depression, Great Recession and Massive Jobs Destruction that happens under a Repub and not a Dem.
And the one after that.
And the one after that.
And the one after that.
And so on.