Republicans Are Bad For The Economy

From the NYT

Since 1929, Republicans and Democrats have each controlled the presidency for nearly 40 years. So which party has been better for American pocketbooks and capitalism as a whole? Well, here’s an experiment: imagine that during these years you had to invest exclusively under either Democratic or Republican administrations. How would you have fared?

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.

Look at the chart here.
Via The Mahablog. You should read her post, for great insight.

So why is it so many people believe Republicans are better for the economy? Because Republicans say they are. Over and over and over. With great conviction. I’m sure they believe it. But they are nuts.