Gee during Clinton's term the Dow rose a lot eh?

Question

Dec 31 1992 Dow closes at 3301

Dec 29 2000 Dow closes at 10787.99

Now let's see shall we? 1087.99/3301=3.268

(3.268)^(1/8)=1.16 so gee that means you get a consistent return of 16% each year during the presidentcy of Bill Clinton doesn't seem to bad to me.

Then of course the Dow during Bush's presidency:
Jan 1 2001>>>dow closes 10787.99
oct 11 2006 >>> dow closes 11852.13

11852.13/10787.99=1.09864 so you made 9.864% in 5 years and 9 + months

1.09864^(1/5.75)=1.01649509698928

for a fantastic return of 1.65% per year so far during our "Bush Boom!!!"

Answer 1

Want a real eye opener?

Check out the average cost of a gallon of gas during his 8 years in office....

...and the cost of "affordable housing"...

Answer 2

Yes, under Clinton, the Dow rose, and rose, and rose. But that Dec 29 close was at least 1000 off its high during Clinton's term and it was on its way down due to dot-com companies going belly up.

But the numbers do tell an important truth. In 2000, we were SIGNIFICANTLY better off than we were in 1992, but in 2006, we're only holding steady. Wages have not improved when compared to inflation. And the one thing that ALL Republicans seem to forget when we talk about this "Bush Boom" is that the fortunes that we enjoy today will have to be repaid by our grandchildren. Yes, the Dow is back up and unemployment is down and the Bush tax cuts had a hand in making that happen. It also saddled future generations with four trillion dollars of debt.

Bush SENIOR was able to fight Iraq, accomplish his goals, get out, and have it all done with only a slight dip in the economy and no significant increase in the debt load. Too bad his son doesn't take advice from the Old Man.

Answer 3

Is this a question or Bush bashing time? If you watched the news today you would know that the deficit has been cut in half compared to 3 years ago and that it is the lowest in almost 20 years. Your also basing your stats on the fact that the dow plumeted because of 9/11.Not Bush's fault. Wars also always bring the dow down at first but will eventually sky rocket towards the end of it.I'm not taking up for Bush I'm just wanting you to make an informed argument before posting something that makes you look stupid to people who are highly educated and keep up with the news.Thanks

Answer 4

Clinton ended at 10,787 in 2000
Bush is at 11,669 as of last week 2nd highest total in history

More important in Dec 2000, CNN says unemployment fell to 5.5%
In Sept 2006 it is at 4.6%

The Dow may drive the world but being employed feeds your family.

President Bush has maintained these numbers through war-times. I never have said Clinton had bad financial records but he was also in on what economists call the Bubble Dow - a lot of the Tech stocks in 2001 lost between 45%-55% in value. They were overinflated. President Bush overcame that loss in the Dow.

Answer 5

You point out facts and they keep blaming Clinton on everything else. Do they not know that when Clinton left there was a surplus and now with the war the country has the largest deficit in history. That Clinton wanted to have Bin Laden assasinated and was told NO by the Rep. in office. All of Bush's screw ups should not be blamed on Clinton. Convienient maybe, but not true.

Answer 6

Compared with the "exceptional" years of 1993, 1994, and 1995, the first three years of George W. Bush's presidency featured:

lower inflation
lower unemployment
faster productivity growth
faster labor compensation growth (i.e., wages and benefits)
29.4 percent ($6.9 trillion) more economic output
45 percent ($960 billion) more exports; and
an economic growth rate 81.2 percent as fast as that under Clinton

Most private-sector forecasters expect the U.S. economy will grow faster this year (on an average annual basis) than in any year since 1984.

For the third consecutive year, the U.S. economy is poised to grow faster than most other industrialized economies. France, Germany, and Japan, for instance, are not expected to grow even half as fast as the United States.

Since the Bush administration began, non-farm productivity has increased at a 4.1 percent annual rate — the fastest pace for the start of any presidency since Harry S. Truman occupied the White House.

The U.S. remains the world's largest exporter. In fact, during the first three years of the Bush administration, the U.S. exported more in real terms than it did during the Eisenhower, Kennedy, Johnson, Nixon, and Ford administrations combined.

More single-family homes were sold in 2003 than in any other year on record. And the homeownership rate is at a record-high of 68.5 percent — a full percentage point higher than during the fourth quarter of 2000.

At 5.6 percent, the national unemployment rate is now lower than the average unemployment rate of the 1970s, 1980s, and the 1990s.

According to the Labor Department's household survey — the survey used to calculate the monthly unemployment rate — more Americans are working now than ever before. The payroll survey is also showing improvement: 112,000 new jobs were created in January and 366,000 jobs have been added over the last five months.

While President Bush's economic record is arguably better than the record Bill Clinton ran on in 1996, this truth is frequently obscured by unrelenting partisan criticism based more on fancy than fact. But the fact remains that the United States boasts the world's largest and most vibrant economy. It will stay that way so long as we are guided by a trust in what President Bush calls "the power and possibilities of freedom."

Answer 7

Under President Reagan take a look at the stock market increase, the increase in personal income, the percentage of Americans able to afford a home, increase in treasury (government) income while taxes and the top tax rate for all tax payers went down from 70% to 32%.

Oh year....and the reason for the fall of the USSR.

Answer 8

there became an annual funds surplus over the final years whilst Clinton and Gingrich have been working jointly, yet confident the great nationwide debt extra beneficial. human beings confuse the as quickly as a year surplus with the great nationwide debt. the great debt rose below Clinton, rose extra dramatically below Bush. and has skyrocketed in in basic terms 3 years of Obama.

Answer 9

I notice you conveniently left out the disaster brought to us through Bill Clinton via Osama Ben Ladin refered to as 9/11. This little event nearly bankrupt the US economy. Nice of Bill to leave that for us. Sort of short sighted aren't you?

Answer 10

Nice bit of research there and comparitive analysis. Hee hee.

At least Bush's corporate friends at Halliburton and Exxon are weathering this current lull comfortably.....though I hear Cheney is rationing his martinis to only four per lunch, as of late.