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Reply #4: Good for you but be careful. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-25-08 02:06 PM
Response to Original message
4. Good for you but be careful.
Edited on Wed Jun-25-08 02:22 PM by Lasher
You might be giving your boss too much credit when you assume he will not turn against you. I don't know him but I'm assuming he is human. Just sayin'.

Edit: OK I can't help but pitch in.

Here is a spreadsheet I've been updating occasionally:

Based on the closing price on the last trading day of each calendar year, it lists S&P 500 index performance. Saint Ronnie blamed nearly everyting on Carter, almost to the end of his 8 years in office. Republicans have continued to follow this practice, villifying Carter to this very day as you are aware. But check it out, the average annualized gain under Carter was 7.07%. During Junior's first 7 years it has been only 2.73%!

And this doesn't even take into account this year's disaster in the market so far. After the last trading day this month I'll take that closing price and extrapolate to the end of this year, to project how Dubya's total stock market result will look at the end of his presidency if we keep going like we have been.
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