Re: "The economy was in recession throughout the Bush Sr. years."
That's just false, I don't know why you bother to delude yourself and others this way. Only you could fail to make the connection between the crashing fall underway during Clinton's last year, and what's taken place in the two years since it. I'm not believing it is all Clintons fault, and believing it has much to do with Bush is even less likely, IMO. Americans in general, despite great paper losses and dashed plans for many, don't feel so bad off right now, IMO(and the poor and the uninvested hardly noticed the crash to date, IMO). As bad as we are told things are, I think most folks are secretly amazed at how good things remain, overall. Frankly, I think the market has fallen far less in the last 12 months, than it did during Clintons last year, eh? Let's see...
On 03/06/00 the QQQ(Nasdaq) closed at 223.875. Then, by the time Bush took office, the QQQ closed at 64.375 on 01/22/01, for instance. Let's see, that's 71.24% down within Billy's 10 last months or so. By contrast, the past year has seen(through yesterday) a fall of the QQQ from 36.81 to 24.32. That's a drop of about under 34%. I'll be darned, I was right. And you wish the economy this past year matched Clintons waning performance? Swell, have at 'er.
If you wanna blame a President for this(obviously you do), I really think you should logically blame Clinton for doing some tremendous heavy lifting to get the ball rolling well before he departed, don't you think?
Dan B |
