Democrats are good for Wall Street.
I always enjoy this kind of analysis of the contradictions of politics, like the fact that anti-abortion activists tend to vote for Republicans even though abortions are lower during Democratic administrations. In this case, CMC Markets demonstrates that, on average, Democratic presidents are better for Wall Street than Republican presidents.*
Returns were highest under Calvin Coolidge, a Republican president during the Roaring 20s, when the stock market boomed ahead of the Wall Street Crash. But the next two presidents in the league table are Democrats–Bill Clinton and Franklin Roosevelt. Barack Obama’s performance has been above average–only slightly below that of Dwight Eisenhower in the 1950s and Ronald Reagan in the 1980s.
You can see the full YouTube presentation of the report here.
*Yes, I know: technically a table not a chart.