The NY Times published an article today that analyzed a hypothetical $10,000 invested in the S&P 500 since 1929, only exclusively when either a Democratic or Republican was in office. So which party has been better for American pocketbooks and capitalism as a whole?
As of Friday, October 10, 2008, 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.
