The Dow Jones industrial average increased by 29.5% in the one-year period following Barack Obama’s inauguration on Jan. 20, 2009—the third best showing, going back 110 years, for the U.S. stock market in the 12 months following the inauguration of a new President. Franklin Delano Roosevelt’s first year, which began on March 4, 1933, tops the list with the Dow increasing by 96.5% over the next 12 months. Meanwhile, Jimmy Carter trails his peers with a loss of 19.6%. On average, Presidents in the Democrat party saw an average one-year gain of 24%, while Republicans averaged 1%.
Why does business align itself with conservatives in supporting the status quo of our failed healthcare system? If I am a conservative businessman, why would I choose a system that discourages personal responsibility? Why would I choose to bear the burden of my employees’ healthcare? Why would I support an anti-market system that forces many to stay in a dead-end job solely for their insurance benefits? If I support the free market, don’t I want market forces—such as performance, ability, and individual choice—to prevail? Do I really want to compete again foreign companies who have universal healthcare and therefore much lower overhead costs? (see this case study) There are historical reasons behind these questions, but I don’t understand why the fear of taxes drives business to get behind such a poorly structured system.
Americans need to understand the world much better than we do. We frequently talk about “leading the world.” And U.S. foreign policy is based on the idea that we make the rules. If we are to show leadership in the world, we need an electorate that understands today’s international challenges. We need to understand what problems exist, and how we can best assist others to solve these problems. Understanding such issues should empower our citizens to elect representatives who will promote effective policy that goes beyond the failing status quo.
Here are some interesting—and entertaining—videos clips and charts about what is going on in the world. I hope you enjoy these resources.