Reply #14: Junior's real economic performance

[Lasher]

The pre-Junior DOW high water mark was at 11,723 on January 14, 2000. It was at 10,578 when Bush took office on January 22, 2001. It didn't reach another all-time high until this month, when it closed at 11,727 on October 4. It closed on Friday October 20 at 12,011, which is an annualized growth of about 2.5% during the Bush administration. I think you must have used the January 14, 2000 benchmark to calculate your figure of 0.4%.

And guess what, it was 15.9% under Clinton, 9.8% under Poppy, and 11.3% under Reagan. The index also did better under Presidents Ford, Johnson, Kennedy, Eisenhower, Truman, Franklin D. Roosevelt and Calvin Coolidge. Much better.

Since World War I, the only presidents with a worse Dow Jones Industrials record than the incumbent were Herbert Hoover, Richard Nixon and Jimmy Carter.

How about gas prices? They're down now but they were $1.46 in January 2001. Today they're $2.26, an increase of 55%.

How about jobs? Unemployment was 4.2% in January and February 2001. It has not ever been that low since and is at 4.6% today.

http://www.blackenterprise.com/yb/ybopen.asp?section=ybem&story_id=99048945&ID=blackenterprise

Out of respect for the copyright rule I will not post more but hope you will hit the above link for comparison of performance on job creation. And don't even get me started on the deficit.

Worst president and worst congress ever!