During this five years and five months period of time from March 6, 2009 through August 15, 2014, Alaska was blessed to have two very effective US Senators.....Democrat Mark Begich and Republican Lisa Murkowski....and the Democrats controlled the US Senate. Both Murkowski and Begich work very effectively across the aisle.
I found 2 Companies Headquartered in Alaska in Google or Yahoo's superb Finance websites with current Total Stock Market Capitalizations of at least $100 mil and which also had their common stocks trading on each of the following three dates:
- On December 31, 2007 during President Bush's second term.....before the 2008 financial meltdown
- On March 6, 2009, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown
- and also on the most recent date August 15, 2014
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 3 Alaska Companies had their equally-company-weighted average stock market prices decline by a huge 53% from December 31, 2007 during President Bush's second term to March 6, 2009, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.
But in the five years and five months since March 6, 2009 through August 15, 2014, when the very effective Alaska US Senators.....Democrat Mark Begich and Republican Lisa Murkowski..... were in office and also when the Democrats controlled the US Senate, the equally-company-weighted average stock market prices of these same 3 Alaska Companies have increased by a spectacular 509%.....and all 3 Alaska Companies experienced stock market price increases with the lowest one being a superb 170%.
Thus in the six years and seven months from December 31, 2007 before the 2008 financial meltdown to the most recent date August 15, 2014, the equally-company-weighted average stock market prices of these same 3 Alaska Companies have increased by an exceptional 223%...... yeah, they have not just recouped the massive amount they lost with the disastrous 2008 financial meltdown, but also added another 223%.
Below here are the stock market prices of each of these 3 Alaska Companies on August 15, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:
|Alaska Air Group||Seattle||WA||45.46||3.77||6.25||1106%||-40%||627%|
|Average % Change all 3||509%||-53%||223%|
In like manner on the employment front, from the US Bureau of Labor Statistics, Alaska's State unemployment rate increased from 6.2% in December 2007 to 8.1% in October 2009, which was the very lowest point for the US Labor Market due to the lagging spillover effects resulting from the disastrous 2008 Financial Meltdown. But in the four years and eight months since then, when Democratic Alaska US Senator Mark Begich and Republican US Senator Lisa Murkowski were both in office, the Alaska State unemployment rate has declined from 8.1% in October 2009 to 6.4% in the most recently reported June 2014.
Alaska Citizens must be pleased with both the outstanding performance of all of their Alaska Companies as well as the significant drop in the Alaska Unemployment Rate, both occurring during the most recent roughly five years when Alaska US Senators Lisa Murkowski and Mark Begich were both very effectively serving in the US Congress for the interests of their Alaska constituents.