But the notion that he’s “destroying the economy” doesn’t stand up to any real scrutiny. Â Especially from the wealthy, who have benefited HUGELY from the recovery in America’s stock markets.
But the S&P 500 is interestinÂg because it’s both a historical measure of how well America’s publicly traded companies have done AND a forward looking, expectatioÂnal measure of future returns.
And my colleagues and I just finished updating our year-end analysis of the S&P 500 (among other indices) for our pension clients, and there are a wealth of interestinÂg statistics that result.
Here are some:
Peak to Valley loss for the S&P 500 from October, 2007 to February, 2009: Â -51%.
Cumulative return to the S&P 500 since February, 2009: Â 49.% Â (now, because of the geometric nature of compoundinÂg returns, this return brings us back to just 90% of the previous peak, but that’s a huge improvemenÂt from just 49%).
And then there’s this:
Rank of the best performing presidentiÂal administraÂtion for the annualized return of the S&P 500 “under their watch”:
Obama: Â 21.28%
Clinton: Â 17.21%
Truman: Â 15.70%
Bush I: Â Â 15.66%
EisenhowerÂ: Â 14.95%
Reagan: Â 14.20%
Ken.nedy: Â 12.45%
Carter: Â Â 11.60%
Roosevelt: Â 11.48%
Johnson: Â 10.17%
Nixon/FordÂ: Â 4.12%
Bush II; Â -2.89%
Hoover: Â -22,66%
Amazing! Â The president with the best annualized return of the S&P 500 “under his watch” since my records begin in 1926 is OBAMA!!!!!
In aggregate and individualÂly, Republican presidents are TERRIBLE for the S&P 500
Annualized return of the S&P 500 since 1926 under Democratic presidenciÂes: Â 13.70%
Annualized return of the S&P 500 since 1926 under Republican presidenciÂes: Â 6.26%
Moreover, 8 of the 10 WORST YEARS for the S&P 500 occurred under Republican PresidentsÂ. Â The worst years are:
1931: Â -43.35% Â (Hoover)
2008: Â -37.00% (Bush II)
1937: Â -35.02% Â (RooseveltÂ)
1974: Â -26.45% Â (Nixon)
1930: Â -24.0% Â (Hoover)
2002: Â -22.1% Â (Bush II)
1973: Â -14.67% Â (Nixon)
2001: Â -11.87% Â (Bush II)
1941: Â -11.58% Â (RooseveltÂ)
1957: Â -10.79% Â (EisenhoweÂr).
Facts. Â You gotta love them. Â Unless you’re a conservatiÂve.