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Compare the Dow Jones Avg. during the Clinton and Bush years:

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Lefty48197 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-05 11:01 AM
Original message
Compare the Dow Jones Avg. during the Clinton and Bush years:
Here's the monthly Dow Jones closing averages during the Bill Clinton Presidency:

http://finance.yahoo.com/q/hp?s=%5EDJI&a=00&b=20&c=1993...

Note that the DJIA rose steadily during the Clinton Presidency from 3300 in Jan 1993, to 11,500 by December 1999, before settling back at 10,600 by the time Bill Clinton left office.

Now, here are the monthly Dow Jones closing averages since George W. Bush has been President.

http://finance.yahoo.com/q/hp?s=%5EDJI&a=00&b=20&c=2001...

The average was about 10,500 when he took office, and today it's about 10,500. It hasn't gone up a nickel in 5 years...



defying a decades long trend of upward growth.



The average dips around September/October 2001, due no doubt to the terrorist attack, but the average had rebounded by February 2002, when it went into a tailspin caused by all the corporate scandals by a business community run amok with no oversight from the "hands off" federal government.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-05 11:05 AM
Response to Original message
1. * is an economic stagnation, but it stays up BECAUSE
corporations are offshoring jobs.

Fortunately, our economy depends on us spending. and without reasonable jobs we cannot spend. Others do not want to spend.

So it's gonna tumble soon.
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ktlyon Donating Member (733 posts) Send PM | Profile | Ignore Tue Nov-22-05 09:55 AM
Response to Reply #1
6. It has gone up the last 3 weeks. How do you explain this?
When George was selected the market started to go stagnant (the Bush campaign was talking it down), now George is on the ropes, his policies are dead on arrival and the market starts going up, what gives?
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DBoon Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-05 11:12 AM
Response to Original message
2. The DJIA only matters to middle class schmucks with a 401k
The elite (Bush's base) has many more alternatives for investment, with tax breaks and the ability to take advantage of investments not traded on securities markets.
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hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-06-05 01:06 AM
Response to Reply #2
4. before the election I was perusing through the Fortune 400
and discovered this: "From 1999 to 2000 the net worth of the Forbes 400 went from 1 trillion to 1.2 trillion. From 2003 to 2004 the net worth of the Forbes 400 increased 45 billion to 1 trillion. So the Forbes 400 has apparently lost 200 billion dollars since Bush took office."

The DJIA or the S & P 500 matter to the big guys too, they own about 40% of all the stocks.
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ellenfl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-05 12:24 PM
Response to Original message
3. that decline in the shrub years is obviously clinton's fault.
:sarcasm:

ellen fl
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ArmHayseed Donating Member (40 posts) Send PM | Profile | Ignore Sun Nov-06-05 08:30 AM
Response to Original message
5. I can't blame Bush for this.
Ive done similar studies on every economic indicator I can think of and, overall, the Democratic presidents consistently fare better than Republicans for the general economy.

You have to realize that the Republican philosophy is designed to benefit a certain segment of society, as opposed to the general population, and in that light they are very successful.

The yield in stocks may be flat but the yield on Treasuries will offset. Bushs constituents wont suffer too much.
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