This post is going to be about the economy and how the stock market has been acting lately. Don’t expect me to give you some sage advice about where to invest your retirement money. I would likely be wrong if I even attempted that. Nope, what I am going to talk about is how the stock market has acted throughout history. I think I do know a thing or two about history, but don’t even count on that.
We all know that historically the stock market almost always does better in Democratic administrations than Republican. Why that is I don’t have the foggiest idea because at least in the last 3 or 4 decades the Republicans are the party for the rich and we all know that a significant majority of stocks are owned by the rich. Every CEO seems to get millions of new shares every year lately. Another example is to look at the latest tax fraud, oh wait a minute, they call it a tax break for the rich of which we seniors I guess are supposed to pay for with our reduced monthly social security checks.
But if you think about it very much you will probably figure out that the rich get richer no matter who is in charge of the government. They just have a way of getting their desires, and their desires are almost always about money, no matter what.
Ok, I will finally get to the reason behind the title of this quote. It came from Harry Truman. He made the comment “All my economists say on the one hand, but on the other…” To that remark, he said, “give me a one-armed economist” 🙂 That is what we need in today’s world, one-armed economists. Someone who doesn’t mince their words.
Let’s finish off this post with some more words of wisdom from Harry