THE BLOG
10/16/2008 05:12 am ET Updated May 25, 2011

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]