The Wall Street Journal amuses me. They write near the top of their article that “conventional wisdom holds that the stock market does well when a Republican wins.” Then, further down, they note “data from Citigroup point to better returns under Democratic presidents over the course of their terms.” In other words, the conventional wisdom is wrong. Just take Barack Obama for an example. The stock market has more than doubled in value since March of 2009. And this is in spite of the Dodd-Frank Wall Street reform bill that supposedly over-regulated the financial sector and stifled economic activity. Republicans have delusional theories about economics. Because of that, on balance, the stock market will be a safer, more profitable place under Democratic administrations.
The WSJ Conventional Wisdom
