It does to me.
When President Bush took office in January 2001:
DOW was at 10.578.24
It had declined almost 10% from its high during the last year of the Clinton Presidency. As of today, the Dow Industrials stands 10.8% above when Bush took office. In spite of 9-11, Enron/Tyco/etc malfeasance...
NASDAQ was at 2757.91 when Bush took office, and had lost almost half of its value from the top of the Internet bubble, and was still in rapid retreat. By the end of March 2001, less than 6 weeks after Clinton left office, the bubble finally had lost most of its air and the Nasdaq stood at about 1820. Clearly nothing Bush did in less than 6 weeks caused that continued drop.
Today, we are at a level of 2246, almost 25% above the bubble burst bottom. (There was a later 9-11 bottom as well).
2006-10-03 05:57:41 · 5 answers · asked by Jean R 3 in Politics & Government ➔ Politics
People need to pay attention to statistics like this rather than listening to the liberal media who tell us that the economy is in bad shape.
Having worked 10 years in the hospitality industry, I can tell you that we were hit hard after 9/11 (especially since I am in the DC area), but that rates and occupancy are now well higher than pre-9/11 rates (which were really good).
The economy is booming if you look at the facts.
2006-10-03 06:06:38 · answer #1 · answered by ItsJustMe 7 · 1⤊ 2⤋
Of course, the same liberals who were trying to crucify Bush over stock prices right after 9-11 are now going to say they are meaningless.....
You might want to take a look at the unemployment rate while you are at it. It also happens to be well below when Bush first took office.
Wonder what the liberal spin on that one is too?
2006-10-03 13:05:56 · answer #2 · answered by Ricky T 6 · 1⤊ 1⤋
sure, the stock market is an indicator of an economy. So are real wages, which have been on the decline since Reagan (not saying its Reagan's fault, just an observation). Real wages are down, and that affects the majority of americans a bit more than stock prices.
statistics are like bikinis; what they reveal is intriguing, but what they conceal is vital - anon.
2006-10-03 13:03:29 · answer #3 · answered by dr schmitty 7 · 1⤊ 1⤋
Perhaps someone needs to explain to you what happens to the economy when the country is involved in a war...
2006-10-03 13:00:28 · answer #4 · answered by Roland D. 2 · 1⤊ 1⤋
It sounds good to me, but I work for a living and am invested in the stock market. This means nothing to the people that don't work and do not invest.
2006-10-03 13:03:57 · answer #5 · answered by Anonymous · 0⤊ 2⤋