Items Tagged With 2008 Elections

It's easy and counterproductive to politicize the stock market: Democrats would say the it's plunging due to eight years of Republican leadership. Republicans would counter that the free-falling stock market is pricing in a Democrat in the White House.

Research based on the past 80 years shows that American stock markets have performed better under Democrats, but the Republicans would correctly point out that the result is distorted due to the Internet revolution that took place during the Clinton administration.

When Adam Smith wrote about the "invisible hand" in 1776, he referred to the natural forces that allow the market to correct for seemingly disastrous situations with no intervention on the part of government. Unfortunately, the natural forces of the market are no longer relevant. Wall Street's ecosystem has been polluted by a flawed broker-dealer model, leveraged complexity and a lack of proper oversight.