If Obama is Google and McCain is GM, what's Hillary?

Commentary about business and finance.
April 21 2007 6:35 AM

Obama Is Google. McCain Is GM.

Presidential candidates as stocks.

The hype and analysis surrounding presidential candidates' quarterly fund-raising reports already exceeds the level of scrutiny applied to IBM's latest quarterly earnings. And you can already invest in candidates through political betting sites. So why not take the comparison to its logical conclusion and start treating the candidates like actual corporations?

Here's Slate's handy guide for political investors, identifying which prominent stocks the top presidential candidates most closely resemble.

First, the Democrats:


Hillary Clinton: General Electric. Like GE, HRC is a mega-cap blue-chip, a juggernaut of the 1990s that, while still a market leader, doesn't enjoy the cachet it once did. GE and HRC are both coasting off the reputation of an iconic, charismatic 1990s-era leader, who stepped away from the national scene in 2001 to write a best-selling memoir. Like GE, HRC enjoys high brand-name recognition and sponsorship among blue-chip Wall Street firms but lacks real retail presence. Both want to use resources to take on big global needs. Despite impressive growth in recent years, the stock hasn't been rewarded in the marketplace. In the national market of public opinion, both GE and HRC stand about where they stood five years ago. Recommendation: Hold.

Barack Obama: Google. Both have posted astonishing growth since splashy initial public offerings in 2004 and have become darlings of Silicon Valley. Networked and populist, Google and Obama have both benefited greatly from content generated by others: millions of newspaper articles and blog entries for Google, and that hot virtual 1984 ad for Obama. Both have rung up impressive sales figures based on small transactions and enjoy incredible momentum and popularity despite short operating history. Both favor vague, feel-good mission statements: "Don't be Evil," and "let us finish the work that needs to be done, and usher in a new birth of freedom on this Earth." Recommendation: Strong buy.

John Edwards: Krispy Kreme Doughnuts. North Carolina-based franchises with Southern charm and sweet demeanor, busted out onto the national stage in the late 1990s. Both phenomena peaked in 2004 and have since struggled to connect with customers. Sympathetic and compelling back story hasn't been matched by performance; insufficient attention to updating brand message for changed environment. Lack of international presence likewise a problem. In the age of Two Americas, Krispy Kreme loses out to urbanized, better-heeled chains like Starbucks and Dunkin' Donuts; Edwards loses out to urbanized, better-heeled juggernauts like Clinton and Obama. Both stocks hampered by health concerns: Krispy Kreme battles revolt against deep-fried carbs; Elizabeth Edwards battles cancer. Recommendation: Sell.

Quick Pick: Bill Richardson: Univision. Upstart with power base in Southwestern United States trying to capitalize on growing Hispanic presence in United States.

The Republicans:

Rudy Giuliani: Halliburton. Both enterprises attempt to merge public service and private profits. Both were struggling in the late 1990s: Halliburton from torpor in the energy patch, Giuliani from torpor in his second term as mayor of New York. Events triggered by Sept. 11, 2001, led to swift rise in prominence and profitability. Both have shown brilliant ability to profit from political connections: Giuliani with a range of consulting contracts, and Halliburton with the many no-bid contracts won by its KBR subsidiary. Despite being dogged by accusations of incompetence and corruption among staffers in Iraq (Bernard Kerik, KBR, respectively), the stocks have risen sharply. Giuliani went through messy public divorce from problematic partner Donna Hanover Giuliani. Halliburton went through messy public divorce from problematic KBR unit. Recommendation: Buy.

John McCain: General Motors. Two old warhorses that have solid reputations as patriotic brands but are struggling to hold on to shrinking market share. Strategy of relying on large, gas-guzzling vehicles (SUVs for GM, the Straight Talk Express for McCain) no longer resonates as it did in 2000 because of changing political conditions in the Middle East. GM is hampered by burdensome legacy costs that it willingly assumed—pension and health-care promises to unions. McCain is hampered by burdensome legacy cost that he willingly assumed—four-square support of the war in Iraq. Stubborn resistance to switching strategy or adapting to market conditions by developing new products is hurting both stocks. Stock rating: Sell.

Mitt Romney: Citigroup. These blue-chip financial institutions try to intimidate rivals with massive balance sheets but are having difficulty finding traction in the marketplace. Both are uncomfortable with their recent history: regulatory problems and research scandals for Citigroup, a history of moderate Republicanism in Massachusetts for Romney. Transparently lame re-branding efforts: Citigroup has become Citi; Romney has become a gun nut and an abortion foe. Despite employing brilliant financial/economic minds (Robert Rubin at Citigroup, Greg Mankiw and Glenn Hubbard for Romney), these two stocks are treading water. Stock rating: Hold.

Quick Pick: Tommy Thompson: Zions Bancorp. Both emphasize connection between Jews and sound money management. Zions does so with its name, Thompson does so with appalling borderline anti-Semitic remarks.

A version of this article also appears in the Outlook section of the Sunday Washington Post.

Daniel Gross is a longtime Slate contributor. His most recent book is Better, Stronger, Faster. Follow him on Twitter.


Justice Ginsburg’s Crucial Dissent in the Texas Voter ID Case

Even When They Go to College, the Poor Sometimes Stay Poor

Here’s Just How Far a Southern Woman May Have to Drive to Get an Abortion

The Most Ingenious Teaching Device Ever Invented

Marvel’s Civil War Is a Far-Right Paranoid Fantasy

It’s also a mess. Can the movies do better?


Sprawl, Decadence, and Environmental Ruin in Nevada

Space: The Next Generation

An All-Female Mission to Mars

As a NASA guinea pig, I verified that women would be cheaper to launch than men.

Watching Netflix in Bed. Hanging Bananas. Is There Anything These Hooks Can’t Solve?

The Procedural Rule That Could Prevent Gay Marriage From Reaching SCOTUS Again

  News & Politics
Oct. 20 2014 3:53 PM Smash and Grab Will competitive Senate contests in Kansas and South Dakota lead to more late-breaking races in future elections?
Continuously Operating
Oct. 20 2014 3:40 PM Keeping It in the Family Why are so many of the world’s oldest companies in Japan?
Oct. 20 2014 3:16 PM The Catholic Church Is Changing, and Celibate Gays Are Leading the Way
  Double X
The XX Factor
Oct. 20 2014 1:10 PM Women Are Still Losing Jobs for Getting Pregnant
  Slate Plus
Tv Club
Oct. 20 2014 7:15 AM The Slate Doctor Who Podcast: Episode 9 A spoiler-filled discussion of "Flatline."
Brow Beat
Oct. 20 2014 5:03 PM Marcel the Shell Is Back and as Endearing as Ever
Future Tense
Oct. 20 2014 4:59 PM Canadian Town Cancels Outdoor Halloween Because Polar Bears
  Health & Science
Medical Examiner
Oct. 20 2014 11:46 AM Is Anybody Watching My Do-Gooding? The difference between being a hero and being an altruist.
Sports Nut
Oct. 20 2014 5:09 PM Keepaway, on Three. Ready—Break! On his record-breaking touchdown pass, Peyton Manning couldn’t even leave the celebration to chance.