Presidents & the Business Cycle
Cool interactive graphic looking at the business cycle looking at 7 different economic metrics and White House, Senate and House of Reps by party. Its a lot more sophisticated approach than merely looking at Market performance by party.
The key question is how much any president can impact this cycle: "Today, Americans save less and earn a lower minimum wage — in real, or inflation-adjusted, terms — than at nearly any other time since 1950. Can voters reasonably expect these and other indicators to change significantly after a new president takes office in January?"
graphic courtesy of NYT
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I feel the two most alarming stats are the fall in personal savings, which from 1950 to about 1989 was in the 7-10% range, and then fell off of the map; and the growing income inequality, which fosters social foment over time, and less belief in institutions.
The Confused Capitalist
Posted by: Jay Walker | Oct 26, 2008 12:09:38 PM
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