But frankly, if I were going to this fundraiser in New Orleans, I would expect to see some of Bill Clinton's saxophone expertise live. Just sayin!
Anyway, during this five years and six months period of time from March 6, 2009 through September 5, 2014, Democrat Mary Landrieu was a Louisiana US Senator and the Democrats controlled the US Senate.
I found 17 Companies Headquartered in Louisiana 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 September 5, 2014
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 18 Louisiana Companies had their equally-company-weighted average stock market prices decline by a massive 58% 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 six months since March 6, 2009 through September 5, 2014, when the very influential Mary Landrieu was a Louisiana US Senator and also when the Democrats controlled the US Senate, the equally-company-weighted average stock market prices of these same 18 Louisiana Companies have increased by a very impressive 369%.
This 369% stock market price growth for the five years and six months from March 6, 2009 to September 5, 2014 is above the comparable 360% stock market price growth for these same 18 Louisiana Companies for the one month shorter five years and five months from March 6, 2009 through August 13, 2014.
Below here are the stock market prices of each of these 18 Louisiana Companies on September 5, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:
|Stone Energy Corp||Lafayette||LA||33.39||1.81||46.91||1745%||-96%||-29%|
|Lamar Advertising||Baton Rouge||LA||52.82||5.59||48.07||845%||-88%||10%|
|H&E Equipment Services||Baton Rouge||LA||41.08||4.95||18.88||730%||-74%||118%|
|Hornbeck Offshore Services||Covington||LA||40.07||10.73||44.95||273%||-76%||-11%|
|Gulf Island Fabrication||Houma||LA||20.22||5.44||31.71||272%||-83%||-36%|
|PetroQuest Energy Inc||Lafayette||LA||6.25||1.80||14.30||247%||-87%||-56%|
|Teche Holding Co||New Iberia||LA||71.82||26.70||37.75||169%||-29%||90%|
|Average % Change all 18||369%||-58%||22%|
In like manner on the employment front, from the US Bureau of Labor Statistics, Louisiana's State unemployment rate nearly doubled, going from 3.7% in December 2007 to 6.9% 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 nine months since then, when Democratic Louisiana US Senator Mary Landrieu was in office, the Louisiana State unemployment rate has declined from 6.9% in October 2009 to 5.4% in the most recently reported July 2014.
Louisiana Citizens must be pleased with both the very strong performance of nearly all of their Louisiana Companies as well as the drop in the Louisiana Unemployment Rate, both occurring during the most recent roughly five years when Louisiana US Senator Mary Landrieu was serving very effectively in the US Congress for the interests of her Louisiana constituents.