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Polaris Financial Partners Principal Bob Deitrick on which political party is better for Americans’ finances.
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All right thank you very much -- latest -- Best Buy all right but the presidential election less than two weeks away in the economy issue Oracle's to be the issue most Americans.
Will be voting on so.
Which party is better for you want it both of them -- say that they -- but our next guest has the Hobson joining me now is Bob Patrick principal at.
Polaris financial partners and author of -- bands.
And yes the ballot box and -- so much for being here -- -- -- to get right through -- thank you gonna having.
-- well great to have you here and I'm gonna -- the end of the story here.
Which party is better for your wallet.
And why well.
Actually is surprisingly the Democrats have been very good stewards of our economy over the last eighty years that was something that was a surprise -- we took a look at this.
It data we actually evaluated how the presence of reform process -- from Herbert Hoover all the way through George W.
Bush.
At the end of the day in that eighty years there are forty years for the Democrats have been White House in forty years for the Republicans have been White House.
And we decided that would be an interesting line of demarcation say who's done a better job for us economically and so the democratic.
President's -- your opinion done a better job how in particular.
Well we took a look at twelve independent data points we didn't cherry -- -- of the data we've basically chose the data points and then we -- essentially wrote the book.
-- on 32 on eleven of the twelve data points Democrats did exceptionally well.
There were some very strong Republican stand -- to -- course with Ronald Reagan.
And and I guys now what Eisenhower.
I find -- interest -- you -- of a person invested a 100000 dollars right in the past forty years of either.
Republican -- democratic rule -- who makes the most money.
Actually the end of which.
President actually that the Republicans are the conservatives actually want to for the return of about the sentence under one percentage point five -- percent.
That's taking us from her -- right -- -- to be Bush's tenure.
Look at wedeman is not a misprint hundred charges.
It's K on the Republican rule three point nine million on the democratic rule the F from FDR that after remarks at 33 and in the Bill Clinton administration which have been -- in January of 2001 okay three point nine million changed so a considerable difference.
And again at the end of the day we -- that in this notion that people need to vote in their topic -- interest.
And need to look at all these all these facts you -- also gives the strongest to weakest performing president's night c'mon dish.
Our -- -- some of the strongest performers for JFK LB JF -- Bill Clinton on the Republican side they were Dwight Eisenhower and no Ronald Reagan.
The ones cleaning -- the -- the batting order essentially world that was my next question can hedge George W.
Bush Richard Nixon and Gerald Ford and then finally Herbert Hoover was at the very bottom.
It's interesting many people say it will of course you know that that -- the concept that Republicans have more pro business more friendly which I think leads to -- that that if the audio.
-- it wouldn't.
I never could be the same said in this current race now you say that President Obama.
How's he doing in relation to.
The economy and in particular everybody's not.
We're very good question actually wrote an upset about this comparing how -- Obama has done in his first term yes during -- two Ronald Reagan.
In his first term okay and actually -- -- on the same twelve data points that we had.
Obama one on eight of the twelve and and Reagan -- for the twelve I thought that that was also interesting but -- -- -- Ronald Reagan had a very difficult first term as well.
He had unemployment -- up to ten point 8% at one point and the latter part of 1982.
He had one that the longest recessions we've ever had was about sixteen months.
Any actually didn't get unemployment down actually until ten to nine point nine point 5% that was Labor Day -- of 1983.
And at that time he really didn't think he'd be a -- payment via a single term president.
Things began to -- once -- -- tougher in 1982.
And then of course the unemployment was down seven point four by the time -- was reelected very good double -- president's what impact does that have.
Actually that the three single term presence who work Herbert Hoover.
Jimmy Carter George HW the one least common denominator -- least common thread among the three.
Was that was that they could not get to get long cooperatively with our own congress.
Herbert Hoover could not get along with his -- right congress George HW HW could get along with his democratic congress and the public -- Leary.
Happy with him either with when he passed a -- on the financially charter couldn't get along with congress in fascinating -- Off our credit.
We just wanna get along Bob -- of the cookie is bulls bears and about a box fascinating stuff up flexibility so.
