5 Best Presidents For Business
Even if you heard that the economy is in the toilet and that business is doing terrible, you’d be wrong. While we may still not have the money in the bank or jobs to go to, the S&P 500 index – also known as the Standard and Poor’s 500 – is a stock market index based on the 500 largest companies in the United States and how well they are doing in the economy. In the 84-years that this index has been calculated, there have only been five presidential administrations that have seen this number double. In those 84 years, we have had fourteen presidents, so it isn’t a usual expectation. Only about one in three administrations succeed in doubling this number. Here are the five that have.
FRANKLIN D. ROOSEVELT
DWIGHT D. EISENHOWER
OK, now I know that some of you will be surprised to see President Obama on this list as one of the best presidents for business. If you like him, you are still confused that the economy seems to be growing at a glacier pace. If you don’t like him, well…you just don’t like him. It’s all your prerogative. Unfortunately for the non-believers, it is true. America’s stock market prices have done better than the next nine world economies since 2009. Corporate profits have soared an astounding 171% in just his first term in office. So why haven’t they started hiring? That’s a good question and can be answered with a combination of corporate greed and a defiant Legislative Branch of government.