I was speaking in regards to Obama making the stat
Post# of 65629
Posted On: 02/05/2016 12:48:43 AM
I was speaking in regards to Obama making the statement several times; as recently as his last address.
"Would you make the same claim about a Republican president 'presiding' over similar job creation numbers as have manifested under Obama, would you claim that the Republican didn't 'create that many new jobs'?"
Yes, and I have. As a Libertarian, I abhor both sides equally.
"And would you not hold a Dem president responsible for the poorer job and stock numbers that are documented under Republican presidents?"
Never have. In all my years, I have never seen one President on the other side of the desk while I was being interviewed for a job. The stock market is a function of a mixed-capitalistic system and because of that, I most often blame the SEC for not doing their job. Certain government policies are naturally at fault, but other than that, the President was the last person I thought about during the recession. Lastly, I've never purchased an index fund in all my years of investing so I don't weigh my decisions based on the movements of an index. Investable opportunities have always been present during my lifetime no matter who was in office.
As evidence of this, here is page 5 from Warren Buffett's 2010 Annual Shareholders letter:
A sharp decline in his performance occurred in 1997-2008 while Clinton was in office. Clinton, Bush, & Obama presided during this period. He faired evenly poor with each of them. However, he did exceptionally well from 1965-1996. During that time period, Johnson (D), Nixon (R), Ford (R), Carter (D), Reagan (R), Bush (R), & Clinton (D), treated Buffett equally well. For Buffett, it didn't matter who was President.
If you look to the far right of page 5, you'll notice that the best year Buffett experienced in relation to the stock market was for the period 1973-1977. During that time, both Presidents that served were Republicans.
"Double standards and denial of reality didn't work for Republicans in '12, won't bloody likely work for them this year either."
Research is your friend. Embrace it.
"Would you make the same claim about a Republican president 'presiding' over similar job creation numbers as have manifested under Obama, would you claim that the Republican didn't 'create that many new jobs'?"
Yes, and I have. As a Libertarian, I abhor both sides equally.
"And would you not hold a Dem president responsible for the poorer job and stock numbers that are documented under Republican presidents?"
Never have. In all my years, I have never seen one President on the other side of the desk while I was being interviewed for a job. The stock market is a function of a mixed-capitalistic system and because of that, I most often blame the SEC for not doing their job. Certain government policies are naturally at fault, but other than that, the President was the last person I thought about during the recession. Lastly, I've never purchased an index fund in all my years of investing so I don't weigh my decisions based on the movements of an index. Investable opportunities have always been present during my lifetime no matter who was in office.
As evidence of this, here is page 5 from Warren Buffett's 2010 Annual Shareholders letter:
A sharp decline in his performance occurred in 1997-2008 while Clinton was in office. Clinton, Bush, & Obama presided during this period. He faired evenly poor with each of them. However, he did exceptionally well from 1965-1996. During that time period, Johnson (D), Nixon (R), Ford (R), Carter (D), Reagan (R), Bush (R), & Clinton (D), treated Buffett equally well. For Buffett, it didn't matter who was President.
If you look to the far right of page 5, you'll notice that the best year Buffett experienced in relation to the stock market was for the period 1973-1977. During that time, both Presidents that served were Republicans.
"Double standards and denial of reality didn't work for Republicans in '12, won't bloody likely work for them this year either."
Research is your friend. Embrace it.
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"The more numerous any assembly may be, of whatever characters composed, the greater is known to be the ascendancy of passion over reason." - Federalist no. 58