- Aug 7, 2012
- Reaction score
Do Businessmen Make Good Presidents?
Since the start of the 20th Century, only three Presidents have been voted out of office after a single term. All three, Herbert Hoover, Jimmy Carter, and George H.W. Bush, were businessmen. It is startling but true that GDP has grown 45 times faster under Presidents with little or no business experience than when these businessmen were in office. The Presidents who had the best stock market growth, FDR, Eisenhower, Reagan, Clinton, and Obama had essentially no business experience. The Dow has gained 16.8% per annum under Democrats with no business experience and lost 3.7% per year under Republicans with business experience. It is not clear why having business experience makes you a bad President; most likely there is no correlation between the business experience of the President and his performance on the economy.