Here’s a chart that appears in the Times showing percentage returns on $10,000 investments in the S&P index by president since 1929 (crunched with and without Herbert Hoover).
Fair? Unfair?
Eddie Roth writes about education, social justice, public safety, transportation, legal affairs and historic preservation. He joined the Post-Dispatch editorial page in 2008 after six years as an editorial writer with the Dayton Daily News. But he is not new to St. Louis. Eddie grew up in Webster Groves and south St. Louis County. He's a lawyer who for many years practiced with a downtown firm, and was active in civic affairs, including serving a term on the St. Louis Police Board. He and his wife, Jeanne, and their three daughters, Emily, Julia and Alice, live in the Shaw Neighborhood.
When it comes to community organizing, he endorses Quentin Crisp's advice: Rather than keeping up with the Joneses, it's better to pull them down to your level.
Eddie,
The chart really isn’t applicable. That was all under the capitalist system.
Have there been any other systems?
Here’s another special fact or bit of information or reason to vote Democrat or explanation for why the Republicans can not be trusted or find your own reason to vote with the good guys. Look at who has the highest growth in government spending over the past 60 (that is sixty) years and who has the highest rate of growth in deficit spending in the past 60 (yes, that is sixty) years and you come up with two (that is 2) Presidents and THEY ARE BOTH REPUBLICANS. I know how that has to be a very large, as in outstanding and completely incomprehensible, fact, but our dear George (as in “w” [notice the lower case]) and our super hero Ronald are the two guys (does six pack apply here?) who have the record. OUTSTANDING! I am glad they were able to do something with the eight years in office besides promise results they were incapable of.
I do want to hear from all the McCain people about how he will be different. Haven’t we heard this before from the Republicans. I actually use to be stupid enough to believe them when they said that, but that was when Eisenhower was President and warned us about trusting the “Industrial Military Complex”. That was the last Republican President (besides the first Bush) that you could trust.
So, Eddie, should we take it that you would support disbanding Congress and electing a Democrat supreme dictator to make this economics metric relevant?
Inept and unprincipled Republicans have ensured that liberals will dominate U.S. politics for the next decade, or so. Mathematics, demographics, and human nature will soon test the liberal dogma of government created prosperity.
Since we have been doing so for my lifetime; I hope you folks are right about exchange of our individual freedom for collectivism being a path to government managed economic Utopia. You are obviously smarter than Lenin, Mao, Castro, and others who have failed with that approach.
Anything from The New Liberal Times has to be taken w/ a grain of salt.
Nice comment AJ. No facts, just use the tried and true response of casting doubt on the writer without offering any alternative information.
Well, at least you can check mine anywhere that has Federal deficits and spending patterns. Have some fun since you obviously aren’t interested in any real facts, just venting your unfounded opinion.