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Reply #30: uh, no, the problem is that since Bush is in office, the market's [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
spooky3 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 12:19 PM
Response to Reply #29
30. uh, no, the problem is that since Bush is in office, the market's
Edited on Sat Nov-17-07 12:23 PM by spooky3
performance on average has been far worse than its historical performance and the future is very uncertain due in part to Bush's mismanagement, yet Bush and friends still want to claim credit for being fabulous managers. If you made more than 8% per year during this entire time, on average, then you gambled on some investments that luckily paid off for you.

Check out the Dow, S&P 500 and other averages since he's been in office (and other DUer's posts here), and you will see what I mean.

I am using the micro example to make the macro point.

For example, see:

http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=2000
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