Dow trading higher then back in 2000 - Is Bush really that bad?

The Dow Jones industrial average reached a milestone today, trading above its record high close of 11,722.98 set back on January 14, 2000.

Pretty odd for such a bad economy, don't ya think?

Two new democracys have been formed in the Middle East, the middle class finally saw tax reflief. So much has been accomplished in such a short time, all this after a devastating attack on our country by terrorists, and a screwed economy left by the previous administration.

I'm still trying to see where the moonbats are deriving their doom and gloom anti-American rants from.

Here's too two more years of prosperity and peace.

 

I dont know about the Dow Jones, but what I do know is that the DP protaganists will soon be posting all over this thread

 

Well bring it on then

I would really like to see how moonbats defend such progress...

 

Thank God the DJ is higher (by a few points) than it was SIX YEARS AGO!

That is AWESOME dude!

 

I got up early this morning for some reason and turned on the news. The morning guy on fox was interviewing the mother of one of the girls held hostage in Colorado. Right in the middle of the intervew; he cut away to show the Dow passing this "magical" number. I thought - how rude, passing up an actual news event for this? heh.

 

It's almost as magical as your post count here 6,666 way to go Lorien!

 

I had to post something else to get rid of that!

 

We're finally back to where we were in 2000? How progressive

 

We expect GTech The Soul Train will be arriving to post here very soon

yo-yo likes GTech hanging around in the same thread

 

Considering what we have been through, yes, it is. After 9/11 the dow had its largest one day drop since the Depression. In fact, it was an even larger drop and hit to the economy than the Depression. Considering it took a lot longer to recover from the Great Depression, I would say this is a bit more than "progressive." But you know that.

 

If this is the highest since 2000... then this means it's taken bush 7 years just to get back to where clinton left off

But then when you factor how much value the dollar has lost....

 

So you're comparing the 9-11 drop to the Great Depression?

I thought the Great Depression was a world-wide plunge (caused by a myriad of events) in unemployment, contruction, farming, mining, logging, the housing market, homelesness etc...

There was no underlying weakness w/ our economics system before 9-11.

But then again, everything that has happened in the last five years is somehow related to 9-11.

 

Someone can't add.

Back in the 70's, the global confidence in the American dollar declined due in part as faith in our currency's purchasing power fell. In the 1980's Reagan's administration decided to opt for a "hard," non-inflationary currency as a result. This led to a twenty-year growth of confidence in the American dollar. It also raised global confidence once again, thus fostering a foreign willingness to hold dollar based assets such as the currency itself.

As a result of this the quantity of American dollars in circulation has risen 25 percent faster than the US GDP in despite an abundance of alternative, non-cash forms of making payments.

So actually Yo-Yo, the faith of Americans and others WORLD WIDE to hold American dollars, and dollar based financial assets, has actually INCREASED.

Please go find a discussion you actually know something about. Someone start a thread about pet rocks so Yo Yo has something he can lecture us about.

BTW, Bush's administration and the current Federal Reserve system has done everything to continue support for a non-inflationary monetary policy to this day.

No. I am comparing the dow (percentage) drop during the Depression to the Dow (percentage) drop after 9/11.

 

Actually the key factor was excessive capital growth in a system that didn't understand how things would work. Instead of the previous system were changes were made regionally, and often more rationally, the system puts up a huge whiplash worldwide.

lol...tons of money put into the china, which went down the tube when chinese investment went extremely bad...incredibly high margin to debt ratio's...excessive growths in capital...and markets that were held up to the irrational expections of newbie investors. It was no depression, but I got to say that statements wrong. Stupid gov policy and stupid investors...

 

Yes, you're absolutely right - but the 9-11 downturn was largely the result of psychological effects.



In other financial news today-
http://www.bloomberg.com/apps/news?pid=20601087

Good news for anyone looking to buy a home-
http://www.msnbc.msn.com/id/15028959/

 

Good news for America is always bad news for the left. One need only review their comments for this simple fact. When is the last time anyone has seen a liberal note anything good about America?

Unemployment down? "Worst job record since Hoover."
Economy thriving? "It's just an illusion."
Gas prices up? "It's all Bush's fault."
Gas prices down? "It's an election conspiracy!"
Tax cuts for the middle class? "We should raise taxes."
Tax cuts for the rich? "OMG!!!!"
Tax cuts for the poor? The poor don't make enough for tax cuts. "Facts don't matter!"
Terrorist was caught? "What about their rights to get off?"
Bush fights terrorists? "Bush didn't do anything to fight terrorists before 9/11. Bush does too much to fight terrorists now. There is no terrorist threat. It's all just fear mongering."
Terrorist plot foiled? "There is no proof, just another brown skin profiling. Bush didn't do anything to fight terrorists before 9/11. Bush does too much to fight terrorists now. There is no terrorist threat. Democrats are better on terror than republicans."

If it's good for America, it's bad for the angry left.

 

The truth hurts. That about sums it up. The MoonBat Mind Controllers like to keep people believing in doom and gloom. It's their lifes blood. That is how they survive. They would rather have you living your life in fear. That is how they gain their power. They keep you scared enough to feel like you need to depend on them to help you. Meanwhile most of Americans like to practice what the Constitution preaches. Freedom. Freedom to live your own life free of government helping you feel scared.

Personally, I like thinking for myself. It's obvious most Americans do.

 

I don't believe the President has much to do with the economy one way or the other. So many other factors that have nothing to do w/ the President impact the economy. I don't think Clinton had diddly to do with the roaring economy of the 90's and I don't think Bush has had squat to do with the weak economy in the early part of this decade and the rebound.....let alone where the dow jones is now.

The nice thing is that the Dow is often a predecessor of economic conditions....so that is good. On the other hand it can jump like crazy. It needs to stay high for a while for that predictor effect to show.

 

Wow! I agree with that 100%.....AMAZING!