Wednesday, September 17, 2008

The DIJA In The Past Eight Years

On January 20, 2001, the day President Bush took office, the DJIA closed at 10,587. As of right now it's at 10,710.

Liberals would have you believe that Bush and the evil Republicans have ruined the American economy. Why then is the Dow at the same level it was when the wonderful Bill Clinton left office? If you plug in Jan, 20, 2001 and today's date and look at the closing numbers what do you see? A cyclical market. I'm sure you all remember the bubble we had in the mid 1990's under Clinton. The market went back up afterwards. The market fell after 9/11, but it went back up, eventually reaching highs that weren't seen even during the Clinton Administration. The market will rebound from the losses we're seeing right now. Personally, I'm still putting money in the stock market each month and I'll continue to do so.

10 comments:

Anonymous said...

Take a look at the Dow when Clinton took office, approx 3,200.

Personally, I like the upswing cycle opposed to the red-line cycle.

Mike W. said...

I never claimed the Dow didn't go up under Clinton. It did however have some drastic drops while on his watch (dot com bubble) just as there were some drops under Bush (post 9/11 drop and the current mortgage induced decline)

Also, you'll note that it went as high as 14,000 at one point during Bush's two terms before dropping back down to where it is now.

Unknown said...

Stupid idiot...

Don't you know that policies of not-my-President George Bush are responsible for the extinction of the Dinosaurs!!!!

[Tongue-in-cheek impersonation of the leftist tendency to blame everything on GWB.]

NotClauswitz said...

It's the usual sturm-und-drang before the Election. As a bunch of socialist losers, the MSM whips up Economic FUD and blathers it on all channels to discourage voters from the current party. Under Clinton those same dips and declines were underreported and smoothed over by the Media who whipped up a frothy meringue of phony optimism and covered for him.

mike's spot said...

I'm pumping as much as I can into my ROTH IRA this year. This is the first time I've had a chance to buy shares at reasonable costs in a while.

this isn't a bad market for the young- its a bad market for our parents.

Mike W. said...

Mike - Yup, I've been putting $$ in my Roth IRA as well.

Brian Shields said...

The value of the dollar has also dropped 40 some odd percent in those eight years, so the Dow might as well be at 6000.

NotClauswitz said...

Ken Lay, Enron, $65 Billion, no public bailout, congressional lynching - now he's dead.

Jim Johnson and Franklin Raines, CEO's Fannie Mae, $6.5 TRILLION. taxpayer bailout to preserve a longtime Democrat feifdom and social engineering program - Barak Obama politics, finance, and housing advisors.

Mike W. said...

I find it funny that Jim Johnson - Who was on Obama's campaign staff, was chairman and CEO of Fannie Mae for nearly a decade, yet the MSM hasn't brought that up or questioned what ties Obama may have to the mortgage industry as a result.

YorIAm said...

Dirtcrashr may be the stupidest man alive. Of course, that title belongs to Jon Sullivan.

No. The bailout of Famnnie Mae/Freddie Mac did not cost $7.5T; at worst, it may cost a $100B. But let's remember it was a GOPer admin that decided to bail it out.

--JadeGold