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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Hope Praytochange who wrote (763735)	7/23/2007 1:17:27 PM
From: DuckTapeSunroof	Respond to of 769670

... the Standard & Poor (S.&P.) index of 500 stocks has risen a whopping 1.4% since its peak in March 2000 (in nominal terms, only!). This index, far more reflective of the overall stock market than the select stocks in the Dow, reflects a stock market that has actually declined in real dollars during the Bush Presidency. Record highs? The Dow’s “4-Month Surge”? As David Leonhardt of the New York Times noted in his column last week, the stock market overall has barely performed better than “cash sitting in a bureau drawer.” Since the start of the Bush presidency, the price of bread has increased by 33%. As Leonhardt points out, this should lead to such headlines as “Loaves of Bread Surge to New Highs!” The corporate media has an obvious interest in shaping economic news in the most positive light, since it profits from selling advertising. But even National Public Radio constantly cites Dow’s record growth without telling its listeners that the overall stock market has done much worse than inflation over the past seven years---the S. & P. index is 17% below its inflation-adjusted 2000 high....