Stock Markets and the Presidential Election

When we look at presidential election economics, stock markets indices like the Dow and the S&P 500 have been used to forecast results.

Election Economics: Looking at the Millennials, Xers, Boomers, and Silents

Before tomorrow’s election, let’s take a look at the voting age gap. Absent since 1972, the young and the old again are voting differently.   The Silent Generation: The oldest slice of the population, the Silent Generation was born between 1928…

Election Economics: Comparing Economic Recoveries

Illustrated by this graph from the Minneapolis Federal Reserve, sometimes one orange line can create a huge debate. The thick orange line representing the US recovery from the December 2007-June 2009 recession reflects a tepid ascent next to curves that represent…

Election Economics: The Economics of Foreign Policy

Although tonight’s presidential debate is about foreign policy, perhaps the real focus is the economy. More than 200 years ago, Alexander Hamilton created the connection between economic policy and foreign policy. By funding the Revolutionary War debt, he established public credit and US borrowing…

Election Economics: Too Much or Not Enough Stimulus Spending?

For the first quarter of 2009, GDP declined at a 5.5% rate and, at 7.6% during January, unemployment was rising. With the economy in a tailspin, policy makers wanted to act quickly. Primarily split along party lines, the Congress responded with…

Election Economics: Social Security

Last year and the year before, Social Security collected less from the taxes that fund it than it paid to beneficiaries. All was okay though, because a trust fund exists for precisely that reason. With more than $2 trillion invested…

Job Creators or Robber Barons?

I have confessed before that I admire the entrepreneurs who have been called the robber barons. Carnegie and steel, Rockefeller and oil, J.J. Hill and railroads, Morgan and money. These men and others from their 19th century world competed lethally.…

Election Economics: What To Know For The First Presidential Debate

Presidential debate moderator Jim Lehrer said there would be six 15-minute segments in the first presidential debate on October 3rd. Devoting the entire first half to “the economy,” he will also cover healthcare, the role of government, and “governing.” Like the…

Election Economics: Assessing the US Economy

Is the US economy less sick? Comparing January 2009 when Obama became president and now, let’s see how its “symptoms” have changed. Approximately the Same: Jobs: During January, 2009, the employment number, 133 million, was very similar to today’s. Unemployment…

Election Economics: Obama’s Keynesian Message

Comparing Obama/Biden and Romney/Ryan economics, people name John Maynard Keynes and Friedrich von Hayek. Having looked at Hayek several weeks ago, let’s turn to Keynes now. During 1934, with unemployment high and production low, British economist John Maynard Keynes was…