Obama Endorsements: Stock Price Correlation

  Obama Endorsements: Stock Price Correlation

If you can’t run a business, you can’t endorse a candidate

It’s endorsement weekend, apparently.

So far, Obama Senator Government has been endorsed by several papers, so let’s look at their stock prices over the past 5 years and see if they can manage to run their own company; much less decide who should run the country. (Green colors indicate the higher stock price between 2004 and 2008)

New York Times 5 year history 2004: 46; 2008: 13

Washington Post 5 year history 2004: 708, 2008: 509

Los Angeles Times (Tribune Co) 5 year history 2004: 79, 2008: 27.50

San Francisco Chronicle 5 year history 2004: 23.05, 2008: 14.89

Miami Herald 5 year history 2004: 66.30, 2008: 3.52

Atlanta Journal Constitution 5 year history 2004: 22, 2008: 6.92

This, of course, is not exhaustive. I could also correlate the drop in readership to the endorsements as well. Or the overall bias of the paper to the endorsements. But the point is clear. If these companies cannot manage their own business, why are they qualified to tell people who to vote for President?

And given how poorly they manage these companies, doesn’t it tell you to vote for the person they don’t pick?


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