In 2004, two out of three voters were investors, the majority of which voted to re-elect President George W. Bush. In fact, investors increased their vote for Bush from 51-46 in 2000 to 53-46 in 2004. As a result, Bush received 5 million more votes in the last election than the first time around, and eclipsed national levels for all categories of investors, including self-identified members of the investor class, 401(k) owners, and direct stockowners.
Today, however, even with the stock market at an all-time high, generic support for Republicans running for Congress has fallen. Why? Because the GOP has failed to explain how their pro-investor tax cuts produced the stock market boom. Additionally, Republicans have yet to put forth a compelling policy agenda that speaks to the desire of American shareholders to build savings and wealth for themselves and their families.
…Granted, the war in Iraq, the Mark Foley page scandal, and other issues are front and center these days. But the fact of the matter is that the GOP is not speaking to the aspirations of the middle-class investor voter….