Friday, October 31, 2008

Dem vs Rep, S&P500 returns during their presidency

Bloomberg Article:
http://www.bloomberg.com/apps/news?pid=20601039&sid=attZrqehx.3Y&refer=home
According to the New York Times, which ran the numbers and a graphic on Oct. 14, the Standard & Poor's 500 Index has outperformed under a Democratic administration, with average annual returns of 8.9 percent compared with 0.4 percent under the GOP. Even excluding Herbert Hoover, the Dems win hands down.

http://www.nytimes.com/interactive/2008/10/14/opinion/20081014_OPCHART.html?ei=5070&emc

As of Friday, a $10,000 investment in the S.& P. stock market index* would have grown to $11,733 if invested under Republican presidents only, although that would be $51,211 if we exclude Herbert Hoover’s presidency during the Great Depression. Invested under Democratic presidents only, $10,000 would have grown to $300,671 at a compound rate of 8.9 percent over nearly 40 years

Sunday, October 26, 2008

Bl: Voter Fraud

When one party as an institution manipulates votes. I'd call that unethical, unamerican, undemocratic. Cheating? Sure, it also throws sand into the face of anyone who thinks we are a true democracy.

This is the Republican party. They have thousands of instances of party organized voter fraud. I have never heard of a single instance of the democratic party doing the same.

Sure, a few independant democrat voters choose to manipulate votes. There is a HUGE difference between the two: the unethical Republican party VS a few unethical individuals. Big difference.

http://www.bloomberg.com/apps/news?pid=20601039&sid=aSftN8jhfqTo&refer=home

Tuesday, October 21, 2008

Sarah Palin's honest and sound economics as a way of life

Another case of a republican cutting spending, yipee.
How? Easy, make the state pay for it.
You didnt think I meant cutting state spending? haha, this is a republican.

http://www.cnn.com/2008/POLITICS/10/21/palin.travel.ap/index.html?iref=mpstoryview

In October 2007, Palin brought daughter Bristol along on a trip to New York for a women's leadership conference. Plane tickets from Anchorage to La Guardia Airport for $1,385.11 were billed to the state, records show, and mother and daughter shared a room for four nights at the $707.29-per-night Essex House hotel, which overlooks Central Park.
....
The state is already reviewing nearly $17,000 in per diem payments to Palin for more than 300 nights she slept at her own home, 40 miles from her satellite office in Anchorage.

Tony Knowles, a Democratic former governor of Alaska who lost to Palin in a 2006 bid to reclaim the job, said he never charged the state for his three children's commercial flights and did not claim their travel as official state business.
.....
In addition to the commercial flights, the children have traveled dozens of times with Palin on a state plane. For these flights, the total cost of operating the plane, at $971 an hour, was about $55,000, according to state flight logs. The cost of operating the state plane does not increase when the children join their mother
....
The Palins began charging the state for commercial flights after the governor kept a 2006 campaign promise to sell a jet bought by her predecessor.

Palin put the jet up for sale on eBay, a move she later trumpeted in her speech at the Republican National Convention, and it was ultimately sold by the state at a loss.

That left only one high-performance aircraft deemed safe enough for her to use -- a 1980 twin-engine King Air assigned to the public safety agency but, according to flight logs, out of service for maintenance and repairs about a third of the time Palin has been governor.