Better Than Hoover

The Dow Jones Industrial Average closed down 504.48 points today, at 10917.51. That's only 329.92 points higher than where it stood on January 20, 2001, the day George W. Bush took office.

To put that in perspective, had you invested $100 in a DJIA index fund just before Bush took office, it would be worth about $83 today in inflation adjusted dollars.

But, you know, John McCain says "the fundamentals of our economy are strong," so there's nothing to worry about.

[David Goldstein writes on WA state politics at HorsesAss.org]

Comments

[sarge]

Don't worry. Americans have the best, hardest working most innovative workforce. Everything will be fine, just as soon as those hardworking innovative people find jobs.

[d00derman]

Imagine if Bush got his way and privatized social security? What a miserable failure.

[afgail]

George Bush finally admitted that we went to war in Iraq to get their oil. And for awhile the US oil corporations were promised the Iraqi oil fields contracts; but, Iraq changed their minds and now the Chinese have the oil lease contracts. Everything the Bush administration touches turns to crap.

[philistine]

Many of us have seen this coming for some time now. Sadly, the "I told you so" tastes very bitter in the mouth. I wish we had been wrong.

[drkazmd65]

Heckofa job there Georgie!

What else is there that needs to be said?