During this five years and five months period of time from March 6, 2009 through August 13, 2014, the Democrats controlled the US Senate.
I found 17 Companies Headquartered in Kentucky 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
- 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 13, 2014
These 17 Kentucky Companies had their equally-company-weighted average stock market prices decline by a huge 38% 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. Kentucky Republican US Senator Mitch McConnell was Minority Leader of the US Senate and George W. Bush President when the disastrous 2008 Financial Meltdown occurred.
But in the five years and five months since March 6, 2009 through August 13, 2014, when the Democrats were in control of the US Senate, the equally-company-weighted average stock market prices of these same 17 Kentucky Companies have increased by an impressive 309%.
Thus in the six years and seven months from December 31, 2007 before the 2008 financial meltdown occurred to the most recent date August 13, 2014, the equally-company-weighted average stock market prices of these same 17 Kentucky Companies have increased by an impressive 72%...... yeah, they have not just recouped the massive amount they lost with the disastrous 2008 financial meltdown, but also added another 72%.
Below here are the stock market prices of each of these 17 Kentucky Companies on August 13, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:
|Papa Johns Intl||Louisville||KY||40.90||10.98||11.35||272%||-3%||260%|
|Farmers Capital Bank||Frankfort||KY||22.94||12.76||27.00||80%||-53%||-15%|
|General Cable||Highland Heights||KY||21.26||13.65||73.28||56%||-81%||-71%|
|Community Trust Bancorp||Pikeville||KY||35.34||23.97||27.53||47%||-13%||28%|
|Stock Yards Bancorp||Louisville||KY||29.43||20.12||23.94||46%||-16%||23%|
|Average % Change all 17||309%||-38%||72%|
In like manner on the employment front, from the US Bureau of Labor Statistics, Kentucky's State unemployment rate nearly doubled, going from 5.6% in December 2007 to 10.6% 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 Democrats were in control of the US Senate, the Kentucky State unemployment rate has declined from 10.6% in October 2009 to 7.4% in the most recently reported June 2014.
Kentucky Citizens must be pleased with both the very solid performance of nearly all of their Kentucky Companies as well as the significant drop in the Kentucky Unemployment Rate, both occurring during the most recent roughly five years when the Democrats were in control of the US Senate.
More Details to come.