Jeremy Siegel is asking which political party is better for the economy: Republicans or Democrats. He kills the suspense only a few paragraphs into the story (and I’ll spoil it for you):
Despite the behavior of the market during the last Presidential election, over longer periods of time, the stock market has done significantly better under Democratic administrations.
He presents data on market performance during all presidential administrations since 1948, and stocks have simply performed better when Democrats were in the White House. Siegel does admit that you can’t blame a sitting president for your portfolio returns. The current Bush, for instance, took office at the peak of what we’ve so far determined a bubble; there was almost nowhere stocks could go during his first term but down (other than up).
Updated February 6, 2012 and originally published March 28, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.