News and Opinion for Democrats Against Bush -- Part II
Stocks Do Better Under Democratic Presidents
PT. II - HOME PAGE
PT. II - CONTENTS
BUSH and the MEDIA
CIVIL RIGHTS
-- Gay Rights
THE ECONOMY
-- The Real Deficit
---- Deficit Lies
-- International Debt
---- Children Will Pay
-- Tax Cut Con Game
---- Tax-Cut Lies
------ to Small Business
---- Phony Benefits
---- Hurting States
---- Why Accepted?
---- Cuts Will Backfire
-- Low-Tax Mania
-- Move toward Flat Tax
-- Corp. Tax Dodgers
-- Corporate Welfare
---- Halliburton
-- The SUV Boondoggle
-- Unemploym't Worse
------ Comp. Denied
---- Jobs Not Created
-- Widespread Poverty
-- False Recovery
-- Stock Market
EDUCATION
-- Texas Sch. Scandals
-- Broken Promises
-- Abandoned Youth
-- College Aid Cut
-- Aid to Rich Colleges
-- Textbooks Censored
-- Acad. Freedom Denied
ELECTRONIC VOTING -- --- A Crucial Issue
ENERGY
-- Monstrous Bill
---- Allows Blackouts
---- Bi-Part. Oppos'n
-- New Energy Bill
ENVIRONMENT
-- Bush's "Eco-Speak"
---- How to Tell Lies
-- Crimes v. Nature
---- Air Pollution
---- Global Warming
---- Ozone Depletion
---- Chemical Hazards
---- Loss of Wildlife
-- States Combat Bush
---- Power Plant Suits
-- Pension Funds, Too
LABOR ISSUES
-- Worker Safety
-- Real Jobless Stats
-- Overtime in Danger
--"Productivity"
PUBLIC HEALTH
-- Poor Ranking
-- Privatized Socialism
-- Health Insurance
---- The Uninsured
------ Middle Class
-- Cost of Drugs
-- Medicare
---- A Cynical Bill
---- Favoring HMOs
---- $$ to Drug Co.s
---- Bait and Switch
---- AARP Sells Out
---- Bullying to Win
---- Australian Critique
---- Some Good News
-- Chill on Research
TRANSPORTATION
-- Amtrak
-- Mars vs. Amtrak
WAR OF IDEAS
-- Use of Language
WAR on TERROR
--'Enemy Combatants'
-- Ultra-Secret Trials
-- Homeland Insecurity
---- Funds Miss Needs
WAR on CIVIL RIGHTS
-- FBI Prying Grows
---- Targeting Protests
------ & Anti-Bush Talk
-- Computer Privacy
-- Patriot Act
---- Excesses
------ Cure - SAFE Act
---- Dangers
---- Author's Fear
---- Librarians' Warning
--"Patriot Act II"
---- Death for Protest?
---- Sneak Enactments
-- CAPPS II
---- GAO Criticisms
---- EFF Concerns
-- Guantanamo
---- Conditions
---- Legal Status
---- UK Judge's Blast
-- Torture Condoned
---- Canadian's Ordeal
-- Yousef Yee
WAR on SCIENCE
-- Scientists Accuse
---- Admin. Can't Deny
WAR on WOMEN
-- Abortion Truths
-- Notorious Photo
WAR on WORKING FAMILIES

"Most Democratic administrations clearly had higher-than-average excess returns, with Franklin D. Roosevelt's second term (1937-41) being the only significant exception. Republicans have been associated with lower-than-average returns, with the only significant exception being Dwight D. Eisenhower's first term (1953-57)."

New York Times   November 20, 2003
ECONOMIC SCENE

Which Party in the White House Means Good Times for Investors?

By HAL R. VARIAN
 
The complete article is currently (3/27/04) available at-- http://www.sims.berkeley.edu/~hal/people/hal/NYTimes/2003-11-20.html [found through a Google search by title on the same date]

Excerpt--

DOES the stock market do better when a Republican is president or when a Democrat is?

The answer is: It's not even close. The stock market does far better under Democrats.

This perhaps surprising finding is examined by two finance professors at the University of California at Los Angeles, Pedro Santa-Clara and Rossen Valkanov, in an article titled "Political Cycles and the Stock Market," published in the October issue of The Journal of Finance. ...

Most Democratic administrations clearly had higher-than-average excess returns, with Franklin D. Roosevelt's second term (1937-41) being the only significant exception. Republicans have been associated with significantly lower-than-average returns, with the only exception being Dwight D. Eisenhower's first term (1953-57). ...

Hal R. Varian is a professor of business, economics and information management at the University of California at Berkeley.

 

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