<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><a href="http://opinionator.blogs.nytimes.com/2010/11/02/how-obama-saved-capitalism-and-lost-the-midterms/">http://opinionator.blogs.nytimes.com/2010/11/02/how-obama-saved-capitalism-and-lost-the-midterms/</a><div><br></div><div><br></div><div><p>""If I were one of the big corporate donors who bankrolled the
Republican tide that carried into office more than 50 new Republicans in
the House, I would be wary of what you just bought. </p><p>For no matter your view of President Obama, he effectively saved capitalism. And for that, he paid a terrible political price. </p><p>Suppose you had $100,000 to invest on the day Barack Obama was
inaugurated. Why bet on a liberal Democrat? Here’s why: the
presidency of George W. Bush produced <a href="http://www.istockanalyst.com/article/viewiStockNews/articleid/2965319">the worst stock market decline of any president in history</a>.
The net worth of American households collapsed as Bush slipped away.
And if you needed a loan to buy a house or stay in business, private
sector borrowing was dead when he handed over power. </p><p>As of election day, Nov. 2, 2010, your $100,000 was worth about
$177,000 if invested strictly in the NASDAQ average for the entirety of
the Obama administration, and $148,000 if bet on the Standard &
Poors 500 major companies. This works out to returns of 77 percent and
48 percent............""</p><div><br class="webkit-block-placeholder"></div></div></body></html>