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Say What?

October 14, 2008

I know...this is supposed to be a blog about philanthropy. But this chart on the op-ed page of today's NY Times is...well, an eye-opener. For those who can't make sense of it, Tommy McCall, the chart's creator, lays it out:

"As of Friday, a $10,000 investment in the S.& P. stock market index would have grown to $11,733 if invested under Republican presidents only, although that would be $51,211 if we exclude Herbert Hoover's presidency during the Great Depression. Invested under Democratic presidents only, $10,000 would have grown to $300,671 at a compound rate of 8.9 percent over nearly 40 years."

(click for larger chart)


(Hat tip Gary on The Big Picture blog)

Back to our regularly scheduled program...

-- Mitch Nauffts

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Posted by DJ  |   October 15, 2008 at 01:23 PM

Indeed, very interesting.

I'd have to assume that at least some of results are context-free due to events that were non-political such as the dot.com mania that drove the market during the Clinton years (and the resulting bust after he was gone) and of course, the market damage done by 9/11.

What would make this chart really useful would be if they added a timeline to it so we can see some of these events and then really get a sense of what political decisions drove the markets up or down, and what may have been good (or bad) timing for the sitting party.

But def. very interesting to check out!

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