http://apnews.myway.com/article/20060928/D8KDUO980.html
The Dow Jones industrial average topped its record-high close this morning, reaching a milestone in Wall Street's recovery from nearly seven years of corporate upheaval, economic recession and the impact of terrorism. The high close was 11,722.98 set on Jan. 14, 2000. Shortly after the index of 30 blue chip stocks surpassed its record, stocks fell back to trade little changed amid a dearth of news that could motivate investors.
"These numbers sometimes tend to act as magnets and the market it sometimes pulled up toward it," said Russ Koesterich, senior portfolio manager at Barclays Global Investments in San Francisco.
In late morning, the Dow was up just 1.92, or 0.02 percent, at 11,691.16. It has yet to reach its all-time trading high of 11,750.28, also reached Jan. 14, 2000.
2006-09-28 06:30:33 · 12 answers · asked by Anonymous in News & Events ➔ Current Events
Bobo,
If libs can blame him when it went down. Then he gets credit for it going up also. Fair is fair.
(I know the president has nothing to do with it BTW)
2006-09-28 07:09:58 · update #1
Welltraveld, you do remember the dotcom bust. If you knew how it affected the stock market, you would have saved that drivel for another place and time. I love liberals self-owning themselves.
2006-09-28 07:11:25 · update #2
It never fails to amaze me that when things are begining to turn around, the stupid *** libs cmoe out of the wood work to yet again bash the president! You people should really get a life,,,,,,,,or here is a better thought. You think your so damn smart and have the answers for everything, but yet when presented with a problem, your only answer is "we are going to have to take a look at it". Get real you freak dems, the same answer which really isnt an answer at all is getting old. We all know that not only could you not run a country, but you have the answer for not a damn thing~!
2006-09-28 07:07:48 · answer #1 · answered by airgame12 2 · 1⤊ 2⤋
That's really funny. Notice that the previous high was Jan. 14, 2000 -- during the Clinton administration. Since then it's been considerably lower during most of the Bush administration, and it's taken 6 years to get back just to where it was before Bush took office -- you think that's a good thing?
Republicans crack me up. They've controlled both houses of congress and the presidency for 6 years. In that time, interest rates have risen over 80% (this is a bad thing, in case you don't know economics) to control inflation, largely brought about by gas and energy prices, which are up over 250% since W took office. The US GDP has grown only 1.8% in that time, where in the 8 years under Clinton it averaged 1.6% PER YEAR growth. The national debt now tops 3 TRILLION dollars, making it not only the largest debt in US history, but also making the Bush adminstration the biggest spending administration in US history (even after adjusting for inflation). US productivity is down. Average wages are down. The buying power of the dollar is down. The value of the dollar versus other currencies is down.
Go back to that Reagan question: are you better off now than you were 6 years ago economically? Emphatically no, except for a paltry 1-2% of the wealthiest in the country that have benefitted from W's economic policies. The rest of the country is much worse off.
And you can't blame the democrats for any of this -- it's all republicans. I wouldn't brag about the economy if I were you...republicans have no legs to stand on there.
2006-09-28 13:38:58 · answer #2 · answered by Anonymous · 2⤊ 1⤋
Well that just fixes everything since 2001 then doesn't it.
1. Using his brother's state to cheat and win the highest office of the free world
2. Dropping the ball on September 11th 2001
3. The PATRIOT Act
4. The Crash of the Dollar
5. The loss of global respect
6. Killing as many troops, as we lost people on 9/11
7. Starting a new nuclear arms race
8. Failure to secure the borders
9. Failure to fight any real terrorists after Afghanistan
10. Passing the no child left behind bill in order to dumb down the peasantry. Then proving in 2004 that America was already dumber then a box of rocks.
By the way. When America still had a brain and fired his father under the Clinton Administration the Dow Jones rose from 22?? to 11???. When Bush makes that sucker jump 9,000 points then you can start flying your banner.
2006-09-28 13:50:05 · answer #3 · answered by curtaincaller 2 · 2⤊ 1⤋
YEA you want him to get credit for the stock market where he has no clue about what is going on, but when you talk about the record gas prices (I know its falling in honor of midterm ellections) wehre he is friends with everybody in the oil industry than you shrug shoulders "this has nothing to do with a president"
2006-09-28 13:35:56 · answer #4 · answered by Anonymous · 3⤊ 1⤋
Ditto for WellTravel... I was trying to understand if this question was sarcastic or sincere?? I can only surmise that Richard J is consumed with his stocks on the market and has a one track mind.
2006-09-28 13:53:43 · answer #5 · answered by mama T 3 · 0⤊ 1⤋
There are so many things to blame Bush for, it boggles the mind!
This is a poorly constructed question anyway.
2006-09-28 13:32:59 · answer #6 · answered by apocalypso blues 5 · 1⤊ 1⤋
Is there any one who can teach Bush what the hell is going on around the globe.
2006-09-28 13:40:00 · answer #7 · answered by Anonymous · 2⤊ 1⤋
well, at least we have some good news to balance out the dark stain his pro-torture stance has cast on America.
2006-09-28 13:35:34 · answer #8 · answered by keepitsafe2think 2 · 1⤊ 1⤋
I AM SORRY but it is not all Bush's fault. Please remember that his dad trained him, Cheney hired him and Halliburton OWNES him. Their are a lot of people responsible for him. Too bad he's not responsible for his self!!!
2006-09-28 13:35:39 · answer #9 · answered by SuzieQ 3 · 3⤊ 1⤋
It's actually Jesus' fault. Punk a$$ had to go go dieing on a cross...messed up the whole world...
2006-09-28 13:33:31 · answer #10 · answered by Billy 3 · 2⤊ 2⤋