Thursday, January 02, 2014

Barack Obama best economic President ever? Looks like it.

"I got this."
Courtesy of Logan Daily:  

Lend me your ears. I have come to praise President Obama and bury the myth that Republican presidents are better for the economy than Democratic presidents. Not only do Democrats produce superior economic results but they blow Republicans out of the water in the comparisons. 

Let's turn the mic over to Bob Deitrick, a principal at Polaris Financial Partners in Westerville, Ohio. Deitrick crunched 80 years of numbers. Politically, 1929 to 2009 were exactly divided — 40 years under Republican presidents and 40 under Democrats. 

He put his extraordinary findings in a book, "Bulls, Bears and the Ballot Box." 

Because President Obama was in office for only three years at the time of the writing, Deitrick and his co-author left him out. But Deitrick now has enough of an Obama track record to have recently declared in a Forbes interview, "By all measures, President Obama has outperformed every modern president." 

His findings were so lopsided in favor of Democrats I had to ask him whether he is one. He said no. "I really was apolitical until 2000," start of the George W. Bush era. That's when he saw massive mismanagement of the economy at the expense of his middle- to upper-middle-class clients. 

"The average retail investor got slammed, where hedge funds were allowed to take advantage of everyone else," he told me. 

The best overall economic performance pre-Obama was that of John F. Kennedy and Lyndon Johnson (whom Deitrick put together because of Kennedy's early death). No. 2 was Bill Clinton, with Franklin D. Roosevelt in third place. 

The top six included two Republicans. Dwight Eisenhower ranked fourth, and Ronald Reagan sixth, edged out of fifth place by Harry Truman. 

Were it not for Herbert Hoover, George W. would have ended up last. 

Here's an interesting calculation: Suppose that in 1929, you put $100,000 in a 401(k) fully invested in stocks. Under the 40 years of Republican presidents, you would have ended up with only $126,000. Under the Democrats, you would have amassed a retirement nest egg of $3.9 million! (All numbers are adjusted for inflation.) 

If you added Obama, the Democrats' number would be much bigger 

Obama's greatest successes, Deitrick says, are the auto rescue plan and the Wall Street reforms, which revived faith among investors. The annual compound return on stocks has averaged between 25 and 30 percent (depending on the index) since the lows of March 2009. 

Deitrick says he's perpetually shocked that Democrats don't trumpet their economic triumphs. You don't have to be a Democrat to wonder why.

I'm a Democrat and I definitely wonder why. 

One of my main irritations with President Obama is the fact that he does not like to brag about what he has accomplished. (Hell George Bush strutted around like a peacock saying "Mission Accomplished" only a few months into a war that was only just beginning.) Even during the campaign he seemed hesitant to talk about why he should be reelected.

So that leaves it to us to remind people that this President really is quite extraordinary. Sure there are certainly policies and actions to criticize but overall he is really quite accomplished.

And looking at how substantially the economy is impacted by whichever party is in the White House, it seems like a given that we need to make sure that the next President is also a Democrat.

You hear that Hillary?

33 comments:

  1. Anonymous10:38 AM

    12 Reasons Why Obama Is One of the Best Presidents Ever

    http://www.huffingtonpost.com/matthew-lynch-edd/12-reasons-why-obama-is-o_b_4280675.html

    ReplyDelete
  2. Anonymous10:40 AM

    Might want to fix this: " Hell George Bush strutted around like a peacock saying "Mission Accomplished" only a few *years* into a war that was only just beginning." The mission accomplished speech happened on May 1, 2003. The war started March 19, 2003. It wasn't even 2 months into the war. You don't have to publish this comment. Cheers

    ReplyDelete
    Replies
    1. You are right, for some reason I was thinking of the beginning of the Afghanistan war.

      Corrected now.

      Delete
  3. Anonymous10:49 AM

    "Speak softly and carry a big stick."

    ReplyDelete
  4. Anonymous10:50 AM

    Not to punch holes in to Bob Deitrick's analysis,
    but
    in 1976 the stock market was 1K,
    in 1976 a grocery checker at FM earned 9,75,
    in 2014 stock market at about 14K,
    in 2014 grocery checker at FM, Portland
















    ReplyDelete
    Replies
    1. Leland1:19 PM

      So where's the rest of what you were going to say?

      Delete
    2. Anita Winecooler6:21 PM

      Coloradoan, ya know

      Delete
    3. Anonymous5:38 PM

      in 2014 grocery checker in PDX earns $17.

      Increase from 1976 to 2014 1.7.
      Stock market 14!

      Yet the press only centers on the stock market to tell us the economy is doing great!

      Leland and Anita Winecooler I'm disapointed you did not pick up on this fact.

      Delete
  5. Anonymous10:52 AM

    Jesse, this is off topic, but I was SURE you'd wanna know about it!

    Bill Nye the science guy to debate science, evolution with founder of Kentucky Creation Museum

    Science guy Bill Nye will visit Kentucky next month to debate on science and creation with Creation Museum founder Ken Ham. This should be an easy task for someone of Nye’s caliber since Ham believes dinosaurs passengers on Noah’s Ark.

    Ham also believes that dinosaurs could not have existed before humans because the Bible says that “God created all land animals the same day he created man about 6,000 years ago.” He also believes that atheists secretly believe in God, just because.

    http://freakoutnation.com/2014/01/02/bill-nye-the-science-guy-to-debate-science-evolution-with-founder-of-kentucky-creation-museum/

    ReplyDelete
    Replies
    1. Leland1:22 PM

      Actually, I'm afraid that Nye will have a really tough time because Hamm is too stupid to acknowledge that Nye even EXISTS!

      He will hem and haw and flat refuse to say why Bill is wrong. He will just keep referring to the bible because that's all the asshole has!

      He may LOOK like a complete idiot, but then again, doesn't he already?

      Delete
  6. Anonymous11:17 AM

    rotfl at this post and liberal blogger ignorance

    ReplyDelete
    Replies
    1. Anonymous11:40 AM

      rotfl at YOUR ignorance and hate

      Delete
    2. Anonymous11:50 AM

      Go away you naughty troll.

      Delete
    3. Anonymous11:58 AM

      Aaaah, facts bother you don't they.
      Another FACT is SarahPac is losing money quarterly.
      One of these days very soon the Palins may actually have to work for a living instead of grifting money :)

      Delete
    4. Anonymous12:08 PM

      @ 11:17 AM

      Why post something so asinine without any elaboration whatsoever? Sadly, this seems to be your m.o.

      Surely, if you did find liberal ignorance in this post you can, at the very least, give an example or two and perhaps provide a succinct counter argument.

      I doubt, however, that you have the capacity to do so and would rather just drop your snide remarks and run away like the coward you appear to be.

      Delete
    5. rotfl at this post and liberal blogger ignorance

      You just keep on rotfl and I'll keep on counting my investment portfolio earnings! Happy New Year!!


      Delete
    6. Anonymous12:11 PM

      Dem trolls hate facts.

      Delete
    7. Rotfl laughing at your illiteracy. You are undoubtedly too stupid, uneducated, and ignorant to understand the slightest fact about economics. You are a silly dolt.

      Delete
    8. Anonymous1:36 PM

      11:17 AM Your LONELY Ass is rotfl by yourself, because no one else puts up with your ignorance.
      You have no Life, and Liberals are the best that happened to you. Your Meds don't seem to work. CRRRRRAZZZZY.

      Delete
    9. Anita Winecooler6:26 PM

      Why rotfl at this post? It doesn't even mention Sarah's ignorance. Sheesh, who approves of their teen daughter dating a duck caller? Not President Obama lolz Not any Democrat rotfl. Time to squat before your queen, keep rolling!!!!

      Delete
  7. Anonymous1:15 PM

    Just watch! President Obama will be noted as one of our best POTUS in the history books as well as appearing in them due to being our first half-black and half- white one!

    Love him, love him, love him and so proud to say that I voted for him both times. I'm white, female, some college education and a senior citizen!!

    Thank you, Mr. President, for allowing my retirement benefits to come back to what they once were - after the crash under President Bush - a Republican!

    ReplyDelete
  8. Anonymous1:33 PM

    Each time a conservative complains to me about Obama ruining the economy I counter with the fact that my 401K's and IRA's and individual stock investments have gone throughout the roof since 2009 (some actually went gangbusters under Bushie as well so I guess I can't give Obama all the credit.) But yea, it's been a great ride, and thank goodness because people my age won't have Social Security to depend on so savings and good investments are very important.

    All these conservative whiners have probably never even opened the Wall Street Journal or Investor's Weekly, they're just spouting talking points. Many probably don't even invest.

    ReplyDelete
  9. Anonymous3:54 PM

    A couple of years ago our financial advisor was complaining about uncertain economic times and the next election, etc. I remarked that historically, the US economy does better under Democratic presidents. She was quiet and then said "Yes, [pause] historically." I did not say anything more but have wondered how else can one look at past events if not "historically."
    Beaglemom

    ReplyDelete
    Replies
    1. Have you spoken to her lately and revisited the same conversation?

      Delete
  10. Anonymous4:35 PM

    Yes, we have to be President Obama's voice. I think he knows what he is doing. It goes much further, if we the people, shout his accomplisments, and not for him to strut. He is a humble guy, and is a working president, not a "title" president.

    "By all measures, President Obama has outperformed every modern president."

    ReplyDelete
  11. Anonymous4:39 PM

    O/T Retired General Wants March on White House and Citizens Arrest of Obama

    "When we last met retired Army general Paul E. Vallely, he was demanding that President Barack Obama be forced to resign because of imaginary crimes. These crimes, apparently, are daring to disagree with the path chosen for America by Republican leadership.

    A month later, Vallely is saying that Obama should be subject to citizen’s arrest and that the United States needs Egypt-like uprisings behind a “new George Washington.” He says 33 million Egyptians stood up and told their government “No” and he sees no reason we can’t do the same here. .."

    http://www.politicususa.com/2013/12/31/retired-general-march-white-house-citizens-arrest-obama.html

    When will this nonsense end, a retired general, his pension should be taken away because it sounds like plotting a coup to me. I just hope that President Obama and his family make it through the rest of his term safe and sound.

    ReplyDelete
  12. Why does the myth that republicans are better for the economy persist?

    ReplyDelete
    Replies
    1. Anonymous6:41 PM

      Because people don't do their homework.

      Delete
    2. Anonymous8:00 PM

      Because the GOP and the right wing media constantly make that false claim and the Democrats and the so-called 'liberal media' don't dispute it.

      The GOP mantra: Keep repeating a lie often enough and loudly enough and eventually everyone will believe it.

      Delete
    3. Funny how that GOP mantra matches that of Goebbels.

      “If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” -- Joseph Goebbels

      "See, in my line of work you got to keep repeating things over and over and over again for the truth to sink in, to kind of catapult the propaganda." —George W. Bush, Greece, N.Y., May 24, 2005

      Delete
  13. Anita Winecooler6:30 PM

    President Obama doesn't toot his own horn, he's more dignified and works hard to accomplish great stuff for the american people, and for the world. History will hold this man in high esteem, regardless of the roadblocks, bigotry and hate thrown his way by the GOP and what's left of the tea party.

    ReplyDelete
    Replies
    1. Anonymous7:17 PM

      He plays a DAMN good game of 3-D chess and that is what they can't STAND.

      Here's a Bible passage for 'em: "Professing themselves to be wise, they became fools."
      Romans 1:22

      Delete
  14. President Obama is our first African-American President. Half/half isn't on a map.

    ReplyDelete

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