Given these two key Washington DC fundraisers, I think it would be helpful to research just how Washington DC Headquartered Companies have done on the stock market price front since March 6, 2009, which was the very bottom point of the US Stock Market due to the spillover effects resulting from the disastrous 2008 financial meltdown.
During this five years and six months period of time from March 6, 2009 through September 8, 2014, Barack Obama was US President and the Democrats controlled the US Senate.
I found 10 Companies Headquartered in Washington DC 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 September 8, 2014
These 10 Washington DC Companies had their equally-company-weighted average stock market prices decline by a massive 71% 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 8, 2014, when Barack Obama was US President and when the Democrats were in control of the US Senate, the equally-company-weighted average stock market prices of these same 10 Washington DC Companies have increased by a phenomenal 615%.
Thus in the six years and eight months from December 31, 2007 before the 2008 financial meltdown occurred to the most recent date September 8, 2014, the equally-company-weighted average stock market prices of these same 10 Washington DC Companies have increased by an impressive 46%...... yeah, they have not just recouped the massive amount they lost with the disastrous 2008 financial meltdown, but also added another 46%.
Below here are the stock market prices of each of these 10 Washington DC Companies on September 8, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:
|Washington DC Company||HQs||9-8-14||3-6-09||12-31-07||9-8-14||3-6-09||9-8-14|
|Federal Agricultural Mortgage||Washington||DC||33.54||2.48||26.32||1252%||-91%||27%|
|The Advisory Board Company||Washington||DC||47.54||7.12||32.10||568%||-78%||48%|
|Cogent Communications Group||Washington||DC||34.25||6.04||23.71||467%||-75%||44%|
|DuPont Fabros Technology||Washington||DC||29.34||5.34||19.60||449%||-73%||50%|
|Average % Change all 10||615%||-71%||46%|
In addition to the above 10 Washington DC Companies, there was another DC Company.....the well run financial asset management Carlyle Group LP.....which filed an Initial Public Offering (IPO) on May 3, 2012 and has seen its stock market price increase from its $22.00 Initial Offering Price to $31.79 at September 8, 2014, an increase of a very healthy 45% over this short period of time.
In like manner, Washington DC's unemployment rate nearly doubled, going from 5.6% in December 2007 to 10.3% in October 2009. And then with the US economic stimulating actions of the Obama Administration, supported by a Democratically controlled US Senate, going full throttle, coupled with the Quantitative Easing by the US Fed, the Washington DC unemployment rate declined sharply, going from 10.3% in October 2009 to 7.4% in the most recently reported July 2014.
Washington DC Citizens must be very pleased with both the outstanding performance of all of their Washington DC Companies as well as the significant drop in the Washington DC Unemployment Rate, both occurring during the most recent roughly five years when Barack Obama was US President and when the Democrats were in control of the US Senate.
And to top this off, Democratic rising star Edward "Smitty" Smith is now running for Attorney General of Washington DC. Smitty combines a Brown University Undergraduate Degree with a Harvard Law School Degree and has very extensive legal experience in both the public and private sectors. Washington DC residents are going to be very pleased with the personable, energetic and accomplished Smitty as their first elected Attorney General.