For reference sake, here is where the Dow was when Bush took over

[nadinbrzezinski]

AT THE CLOSING BELL WHEN BUSH TOOK OFFICE on January 22, 2001
Dow - 10,578.24
Nasdaq - 2,757.91
S&P 500 - 1,342.90
Oil - $27.69/bbl
Gold - $266.70/oz.
$1 USD = EUR 1.06678
$1 USD = JPY 116.6200

Don't be shy to share this with hard core republicans

[lapfog_1]

1. Dow close today - 10,604

that means a whole 6 point gain so far in the * misadministration.

That's a whopping .05 % ROI.

Thanks George.

[nadinbrzezinski]

2. I know, that is why it is time to be really, and I mean this REALLY mean

with free markeeters... nutbags

[varun]

3. Can someone do a comparison of stock markets

between the Bush years and the Clinton years?

That would open most repug's eyes IMO

[NMDemDist2]

4. here ya go via DKos

On January 20, 1993, the date of Clinton’s inauguration, did you know that the Dow stood at 3,241.95?

On Clinton’s last full day in office, January 19, 2001, the Dow closed at 10,587.59.

That represents a gain of 226% in eight years.

http://www.dailykos.com/storyonly/2008/9/16/1117/02455/802/600239

[stopbush]

5. What does this mean in terms of real dollars when adjusted

for inflation?

The Dow Jones Industrial Average (DJI) is an average of the price of 30 stocks. The stocks represent 30 of the largest and most widely traded stocks in the United States. The Dow Jones Industrial Average is computed by taking the average price of the 30 stocks and dividing that figure by a number called the divisor.

Obviously, the Dow at 10,000 in 2001 would be worth more in real dollars than would the Dow in 2008.

Where SHOULD the DJA be today to equal the DJA of 2001? The dollar is worth 17% LESS in 2008 than it was in 2001. Shouldn't the DJIA be adjusted accordingly? Isn't a 10,000-pt DJIA in 2001 now equal to only 8300 in 2008 terms? Shouldn't the 2008 Dow be at 12,376 to equal the 10,578 average of 2001?

Help me out here, economists!

[phantom power]

6. My estimate was 6700, in 2001 dollars.

[nadinbrzezinski]

7. Adjusted for inflation... you've seen negative growth

that is what this means

Republican Economics in action

[AllieB]

8. Stock Market does better under Dems

http://www.bloggingstocks.com/2008/09/05/are-republican-presidents-better-for-the-stock-market/

"The Grand Old Party (GOP) is known for supporting big business. So it pays to elect Republicans to the White House, right? If you analyze the stock market performance under Republican and Democratic presidents, the answer is a resounding NO. Democratic presidents generate average stock market returns in excess of the risk-free rate of 10.69% -- roughly six times the 1.69% earned under Republican administrations."