I've also got the best point on my head .
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Face it, democratic presidents are good for the economy
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Originally posted by Agathon
Not this tired old rubbish from Milton Friedman's Greatest Hits again.
If the economy picks up it was because of the tax cuts.
BUT
If the economy didn't pick up, it was because the tax cuts prevented it from getting worse.
A classic case of an untestable (and therefore irrational) hypothesis. Imagine if everyone reasoned like this.
More sophistry from the oafs on the right.....For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)
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Originally posted by Agathon
If you are a rich pink blob with a curly tail, he did.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)
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Originally posted by Agathon
It's an ineluctable development of history. I shall look forward to sending you to the gulag.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)
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Originally posted by mrmitchell
Helicoptor ejection?
I was going to point out Carter as well, but Drake beat me to it."You're the biggest user of hindsight that I've ever known. Your favorite team, in any sport, is the one that just won. If you were a woman, you'd likely be a slut." - Slowwhand, to Imran
Eschewing silly games since December 4, 2005
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Well, Diss raises an interesting point....here's some data to toss into the mix for consideration:
When Carter (Dem) was elected, the Dow Jones slipped 4.4% over the next seven trading days (loss of 200% annually, had it continued)
Roosevelt's election in '32, the market dropped 13% (after it had already collapsed!)
Truman's election: Market loss of 10%
Kennedy: Largely unchanged
A brief look at immediate market reaction to the election of republican presidents:
Hoover ('28) +15%
Eisenhower ('52): +5%
Nixon ('68) +4%
However....
Before all you republicans out there start flag-waving, let's take a look at total market movements during the span of the administrations:
Net gains under Roosevelt: +165%
Under Truman: +71%
Under Kennedy/Johnson: +60%
and for the Rebublicans:
Hoover: -78%
Eisenhower: +120%
Nixon/Ford: +2%
Long term results, three big wins for the Dems, One win, one loss, and one push for the Repubs.
-=Vel=-
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Don't have the data in front of me, LM, and am too bleary-eyed to go a-hunting....perhaps a job for some other enterprising soul?
-=Vel=-
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There should also be a disclaimer that the sample size is too small to prove anything .“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)
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Well....the rest of the data is out there for the taking.....I'm just not the one to go get it....I'm off to bed!
-=Vel=-
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Re: Re: Face it, democratic presidents are good for the economy
Originally posted by St Leo
Are you claiming that he's a genius when it comes to foreign affairs?
none of you peaceniks might not believe it. But if the U.S. is going to survive as a nation, we have to take a hard line against other nations. We don't appease bad guys.
But I do hate his policy against Saudi Arabia. It's time to do something about them. Apparantly the royal family was involved in the 9/11 funding . And we treat them as allies? WTF!
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