Say It Again With Gusto: Democrats Are Better For the Economy Than Republicans

The Wall Street Journal offers some sage advice today:

For investors worried about how the stock market will fare in the event of a divided government or a sweep by either party in next month’s elections, history offers an important lesson. Stocks tend to go up regardless of which party controls Washington.

This is true. But it’s incomplete, since you might wonder how much the stock market goes up under Democratic and Republican presidents. I’ve got you covered, with the two-term presidencies labeled:

This, of course, is just one of many mysteries of the business community: In general they support Republicans even though Democrats tend to turn in better economic performance. It’s true, however, that Democrats also tend to favor stronger corporate regulation than Republicans, and this produces an interesting exercise in revealed preference: Corporate CEOs are apparently more concerned about regulation than they are about their shareholders.

There’s no question that regulations are annoying, and they can produce a lot of tedious, blood-pressure-raising meetings for CEOs and the rest of the executive suite. They’re also highly salient, whereas economic growth is diffuse and long-term—sort of like climate change. Besides, if CEOs read the Wall Street Journal’s editorial page regularly—and they probably do—they’re most likely convinced that Democrats are routinely disastrous for the economy.

So which is it? Are corporate CEOs shafting their shareholders in order to make their own lives more pleasant? Or do they imbibe too much conservative muck that falsely tells them Democrats are terrible for growth? Or both?

THE FACTS SPEAK FOR THEMSELVES.

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THE FACTS SPEAK FOR THEMSELVES.

At least we hope they will, because that’s our approach to raising the $350,000 in online donations we need right now—during our high-stakes December fundraising push.

It’s the most important month of the year for our fundraising, with upward of 15 percent of our annual online total coming in during the final week—and there’s a lot to say about why Mother Jones’ journalism, and thus hitting that big number, matters tremendously right now.

But you told us fundraising is annoying—with the gimmicks, overwrought tone, manipulative language, and sheer volume of urgent URGENT URGENT!!! content we’re all bombarded with. It sure can be.

So we’re going to try making this as un-annoying as possible. In “Let the Facts Speak for Themselves” we give it our best shot, answering three questions that most any fundraising should try to speak to: Why us, why now, why does it matter?

The upshot? Mother Jones does journalism you don’t find elsewhere: in-depth, time-intensive, ahead-of-the-curve reporting on underreported beats. We operate on razor-thin margins in an unfathomably hard news business, and can’t afford to come up short on these online goals. And given everything, reporting like ours is vital right now.

If you can afford to part with a few bucks, please support the reporting you get from Mother Jones with a much-needed year-end donation. And please do it now, while you’re thinking about it—with fewer people paying attention to the news like you are, we need everyone with us to get there.

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