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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: jimcav who wrote (69737)	2/21/2009 8:18:18 PM
From: TimF	2 Recommendations Respond to of 90947

I didn't try the math in this oddball way to be sure, but what I think he's doing is taking the number the DJIA went up under Reagan and Bush I and then subtracting the number it went down under Bush II. That's a bogus way of doing the calculation, but it would produce something in the neighborhood of his result. An easy way to show how bogus it is. If you calculate by that method. Then starting at the first day it was published, and ignoring every president since Regan, except Bush II. The DJIA would have shown a negative result for its whole history. First figure reported for the DJIA was 40.94 on May 26, 1896. By Reagan's inauguration day it had gone up to 950.68. That's over a 2200% increase. But by TexasDude's apparent method it just counts as a 950.68 point increase. Well the Dow went down by more than that under Bush II, so I guess according to Texas Dude the Dow has had a negative return for its entire history if you take out the 20 years of Reagan, Bush I, and Clinton.

To: jimcav who wrote (69737)	2/21/2009 9:19:41 PM
From: Arthur Radley	Read Replies (2) \| Respond to of 90947

Jim, Thanks for the math lesson.....obviously you were the sharpest tack in your math classes. But why don't we use your numbers to see if we can come up with some 'voodoo math'. Starting with Reagan the DJIA stood at 950 and at the end of Bush I the DJIA stood at 3241 for a nice gain of 2291 in the DOW. However, and again using your numbers, the DJIA lost 2629 points under Bush II. Geez! You gain 2291 points and then turn around and lose 2629 points, leaving me to say, "I hope you enjoy spending your Confederate money gains. Help me understand...Reagan to the end of Bush II the DJIA went from 950 to 7949, for a total gain of 6999 points in 28 years on the DJIA. Hum! A gain of 6999 points, but by using your numbers under William Jefferson Clinton the DJIA went up 7,323 points......so where did the difference of 324 points disappear? Over the last 28 years, inflation with using a mere 2% a year means that 56% of your buying power has been eroded. Take the 7323 gain out of the DJIA under Clinton from the 7949 DJIA average at the end of Bush II, leaves you a DJIA average of 626, but didn't you tell us that the DJIA stood at 950 when Reagan began his first term. What was it you said....LOL!! (:>)You must be a magician!