Friday, May 05, 2006

Hmm, now let me see...who was President then?

The right-wingers are sure to be boasting that the Bush economy is really doing well and the stock market is booming. In fact, the Dow is approaching a six-year high:

"In late morning trading, the Dow Jones industrial average climbed 89.01, or 0.78 percent, to 11,527.87, a fresh six-year high and less than 200 points away from its all-time high of 11,722.98, reached Jan. 14, 2000."

Which is fine. But another way of looking at it is that means the Dow is only now getting back to where it was six years ago. In other words, you might have been better off putting your money under your mattress. Because if you've had it in the market, or your 401K funds are vested in the market, you probably haven't gained much, and may even have lost a good chunk of change.

When Bill Clinton was in office in 2000, and, of course, the six previous years, not only were wages for working Americans steadily increasing, but the investor class was doing great too, the market was booming. And this was after he had inherited an anemic economy from Bush, Sr., with budgetary deficits as far as the eye could see. Clinton cleared the mess up, gave the country surpluses as far as the eye could see - and then Boy George came to town and, well, say good bye to those surpluses and that economy.

So, thanks to the economic policies of Bush and his cronies, the market is finally getting back to where we were SIX freaking years ago. Thanks for nothing, fucktard.


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