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Monday, February 28, 2005

 Corporate profits higher under Democrats

Thanks to Liberal Truths for pointing out that corporate profits rise during Democratic presidencies:
Republican President George Herbert Walker Bush:
In 1990 Corporate Profits Before Tax was $236,000,000,000.

Democratic President William Jefferson Clinton:
Started his Presidency in 1993 with Corporate Profits Before Tax increasing to $305,000,000,000.
Ended his Presidency in 2000 with Corporate Profits Before Tax further increasing to $436,000,000,000.

Republican President George Walker Bush:
Started his Presidency in 2001 with Corporate Profits Before Tax reducing to $327,000,000,000.
By the end of 2002 Corporate Profits Before Tax were further reduced to $316,000,000,000.

The highest rate of Corporate Profits Before Tax between 1990 and 2002 was in 1997 with $494,000,000,000 when William Jefferson Clinton was President.

The same holds true in other areas of the economy. For example, the Dow Jones Industrial Average during the 20th century rose an average of 7.3% a year under Republican presidents. Under Democrats, it jumped 10.3%, a whopping 41% gain for investors. During George W. Bush's first three years as president, the stock market declined 4%.

Moreover, since World War II, the national debt increased on average by 3.7% a year under Democratic administrations, compared with 9.1% when Republicans occupied the Oval Office. During the same period, Democratic presidents oversaw on average an unemployment rate of 4.8%. For Republicans, it was 6.3%.


Anonymous Liberal-Truths said...

I've been trying to find a way to say "thank you", but I could not find an email address on your site. You were the first place to include a link to my site and I wanted to let you know how much I appreciate that.

2:39 AM  

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