Dow is below 10,000 again.

[gauguin57]

Yep ... the economy is just humming along like a well-oiled machine. Thank you Mister President!

[spanone]

1. Didn't you hear??? Our economy is 'robust'!!!

[Demonaut]

14. got my 401k statement yesterday, down $4000

about a twelve percent loss

[Jack from Charlotte]

19. Here are the S&P rates of return under the last 11 presidents...

S&P Start S&P End Annualized Rate
Bill Clinton 433.37 1,342.54 17.4%
Gerald R. Ford 86.02 102.97 17
Harry S. Truman 13.64 26.57 15.6
Dwight D. Eisenhower 26.57 58.11 14.9
Ronald Reagan 131.65 286.63 14.4
George H. W. Bush 286.63 433.37 14.4
John F. Kennedy 58.11 74.01 12.4
Jimmy Carter 102.97 131.65 11.2
Lyndon B. Johnson 74.01 103.86 10.2
Richard M. Nixon 103.86 86.02 0.6
Bush Jr. 1,342.52 1,045* -7.7

*as of today 7/23/04 3 .5 years into term
Source: Forbes statistics

[gauguin57]

2. I got your robust economy RIGHT HERE!

http://finance.yahoo.com/?u

[Semi_subversive]

3. Now let me see.

Wasn't left at around 11,700 during the prior administration?

[Jack from Charlotte]

15. I took these figures off of a graph so.....

I'm estimating but The DJIA was about 2200 when the elected Bush took office in '88. When he left it was about 3200. Not bad. That's about a 10 1/2 percent per year increase which I think is what the Dow... or maybe it's the S&P, has averaged for about 100 or more years.

Clinton started out at 3200 and ended at about 10,500 or so. That's nearly a whopping 28 percent rate of return per year.

Under the AWOL/Moron...... Dow was at about 10,500 went up slightly to say 10,650 for a month or so and is now back up to ALMOST 10,000 again. I thought when the Dow or the S&P gets back to where it was on the day AWOL took office so the whole countries retirement plans show a net ZERO rate of return for the 3 years, 6 months AWOL's been in office.

[Kazak]

4. It briefly dipped below 10,000 yesterday...

Yeah, it's bad.

[Renew Deal]

5. Can we have a party if it hits 10,000 again?

:dunce:

[Bucky]

7. Yes, because "America is back and stronger than ever!"

"Let the Eagle soooooaaarrrrr!!!!!"

[gauguin57]

12. We threatened to sing The Ashcroft Song for a birthday cake

A bunch of us Dems were at a restaurant, celebrating a fellow Dem's birthday recently ... we threatened to sing "Let the eaaaagle soar, like she's never soooooared before ..." when her birthday cake was being brought out.

But we were afraid all the REPUGS probably filling the restaurant wouldn't take it ironically. They'd probably all join in.

We couldn't stop singing it at the table (and then bursting into giggles).

[Jack from Charlotte]

16. I've thought that some Dem should publicly congratulate

the AWOL/Moron Administration when the stock market get's back up to a ZERO annual rate of return for the now, 3 1/2 years or more he's been in office.

[denverbill]

6. Are you better off today than you were 4 years ago? Ummm. No.

As a matter of fact, people are lucky if they just treaded water.

You may have gotten a couple thousand dollars in tax cuts, but those tax cuts are expiring now thanks to Bush. High gas and energy prices however are not expiring.

And your retirement is not any closer than it was four years ago, thanks to George's stagnant economy.

[scarletwoman]

8. Um, trading hasn't closed for the day yet, has it?

And yesterday's final number for the DOW was something like 10,050, IIRC.

Just wondering what a current dip really means when the market doesn't close for several hours yet... :shrug:

sw

[bookman]

9. Kerry's Fault

At least that's what I hear FOX is saying. Market down on fear of Kerry being elected.

Yes, America, you can have it both ways! :)

[DaveSZ]

10. Fox News is like the Telescreens in 1984

We're really at war with East Asia!

[MikeG]

11. You all need to read "The Bush Boom" by Jerry Bowyer.

It explains how well we are all doing.

http://www.amazon.com/exec/obidos/tg/detail/-/1594670870/qid=1090597254/sr=8-1/ref=sr_8_xs_ap_i1_xgl14/002-8038366-9471259?v=glance&s=books&n=507846

Really.

[rock]

13. It's improving

If you believe the shrub, it's been improving every day that he's been in office.

[reprobate]

17. Please! The stock market has little to do with the national economy.

unless most of your income is from investments, the market has little effect on you.

Remember, the stock market is little more than a legal gambling casino. With the execption of IPOs, the stock market is not involved with financing businesses, it is involved with financing the very comfortable retirements of the investor class.

Don't be fooled into believing the bullshit that repuglicans keep feeding us.

[Jack from Charlotte]

18. Unless, like many of us, your retirement is in a 401K...........

Many, many American's have retirement accounts in 401K accounts and self directed IRAs since business quit funding retirement plans mostly during the 80's.

Having worked for 30 to 40 years and saving money in these accounts many of us looked forward to retiring and actually being able to afford a prescription or 2, too.

So don't think getting a minus 7 % annual rate of return for the 3 1/2 years AWOL's been in office is insignificant or limited to "the investing class."

[TexasSissy]

20. Oh, geeeezzzzzz. My 401k is suffering (again).