Because cons will use the Dow @ 13,000 to trumpet “The Bush Economy” (and pooh pooh it when the market drops) lets go over the record, again.
Dow close on Bush’s swearing in (1/20/01): 10,587
Dow today: 13,000
Change: +2,413
Dow close on Clinton’s swearing in (1/20/96): 3,254
Dow on Clinton’s last day (1/20/01): 10,587
Change: +7,333
So, President Bush has 9 21 months to get the Dow to 17,920 in order to match the Clinton-era Dow.
9 months? Did I VanWinkle a year or something?
No, I just can’t add or maybe its wishful thinking.
Actually, you are probably right because you are using raw numbers and not percent increase.
It would actually be even higher, since you’re not doing math by percentages. Under Clinton, the Dow increased over 300%. It literally tripled. If Bush managed to get the Dow to 17,920, which he won’t, he’d have seen a 60% increase over eight years. Your generous and best estimate has Bush’s economic growth (using the beloved-by-righties measuring tape of the Dow and the Dow alone, that is) being a fifth of Clinton’s.
Sorry August, your Math is wrong . Clinton saw an increase of 7333 from a base of 3254. In percentage terms, that’s an increase of 225.35%.
In order for W to replicate this accomplishment, the Dow would need to increase by 23,858, and end at 34,445.
He needs 21,445 MORE to touch the Big Dawg’s percentages.
Don’t think we’ll see it.
Cue the wingnut “If it wasn’t for 9/11″ in 3,2…
If it wasn’t for 9/11…
Ok, just kidding.
I like to credit the wows and the woes of the economy during Bush and Clinton’s presidency to Greenspan anyways. He has much more influence on the Dow’s closings than any President.
The Dow does not really count as an indicator of the market. It only consists of a mere 30 companies.
The NASDAQ is a much broader index, and at its peak in 2000 it was around 5000. Right now it is barely half that.
Of course, the right wing nut jobs claim that Clinton inherited a growing economy and Bush inherited a dying one. What say ye?
http://bubbanear.blogspot.com/2007/04/13090.html
Oliver, you wrote 9 months here, and put Cheney at 9 percent approval. What’s next, 9 pics of Jessica Alba?
3,000 dead? That’s “just a number.”
Dow at 13,000? Now, that’s a story!!
The NASDAQ is a much broader index, and at its peak in 2000 it was around 5000. Right now it is barely half that.
Uhm, that doesn’t help make Bush look better.
Screw the Dow. How about the tax cuts?
http://news.yahoo.com/s/nm/20070425/us_nm/usa_treasury_taxes_dc_1
Lover taxes increase revenues. It’s a fact that Libs should appreciate as it pays for all the nanny-state socialist programs you swoon over.