The Stock Market Under Bush

[Yavin4]

Here's the chart of the Dow since Bush has been president:

http://finance.yahoo.com/q/bc?s=^DJI&t=5y

Now, can someone explain to me how Bush and the Republicans are good for business?

[cheezus]

1. business climate is judged by the dow average?

[bullimiami]

2. well when it goes up they use it as evidence of a strong economy

when it doesnt they tell you how insignificant it is.

[Trajan]

3. How did you get the words ....

'business climate' from the words 'stock market' ? ...

an interesting leap ....

[Yavin4]

5. Well, It's Not The Only One, But It's Still A Good Indicator

Especially considering that it was indeed booming in the 8 years BEFORE Bush became president.

[KoKo]

4. Well...they want to "privatize SS." With a chart like this...one can only

figure the health of the US economy in their hands is like the way they've conducted the Iraq Invasion. :eyes:

Their "Ownership Society" would probably look like the years after the "Crash of 1929," when we went through the long years of the "Great Depression."

[SheilaT]

6. Can you repost the link?

What you've got only goes to a Yahoo finance page that invites me to enter a ticker symbol. No five year thing.

And it's not just Bush. The stock market, oddly enough, does much better during Democratic administrations than Republican ones. This has been true at least since Herbert Hoover was elected, and possibly even before.

[Doctor_J]

8. here

oops. that didn't work either. Cut & paste the whole string into the destination window.

[Doctor_J]

7. But he inherited this recession

remember? They'll still be floating that lie 4 years from when smirk limps out of office.

[ThomasJackson]

9. Recession

I hate to let a fact intrude on a lovely post ... but he DID inherit a recession. And lots of the prior gain in the market was, in fact, the dot-com "bubble" plus companies like world-com and enron inflating profits on the books without having earned any money.

[BillZBubb]

10. You have no facts, you are clueless

Bush did not inherit a recession. The recession began and continued all in his term. If you want the facts go to NBER.ORG instead of talking about something you know nothing about.

Maybe your tripe flies in certain circles, but here we stick to the facts.

[beardown]

12. I concur

I thought that the latest calcs determined that Bush did not officially inherit a recession, at least according to economists, but they always resort to facts and figures.
Now he did inherit an shaky economy, but his policies have cured the cold the economy had by giving it pneumonia.
From an international perspective, the stock market is at a much lower level than when Bush took over because it's being rated in dollars that are only worth around 75-80 percent of what they were when Bush took office. The worth of the current market would only buy about 75-80 percent, internationally, of what it would when Bush took office.

[wicket]

13. "his policies have cured the cold the economy had by giving it pneumonia"

LOL, I like that! :) Welcome to DU!!! :hi:

[wicket]

11. No, the recession started in March 2001

2 months after Shrub was inaugurated.

[Doctor_J]

14. Um, TJ

put down the Kool-Aid AND the crack pipe and try getting your "news" from some source other than Faux and Limpballs.

Bush has THE WORST JOB RECORD OF ANY PRESIDENT IN HISTORY. BY A MILE. He has ruined the budget, social security, the environment, and will try to do the same with Medicare, Medicaid, and health care over the next four years.

This is what happens when a complex, 10-trillion dollar economy is given to a man who NEVER WORKED A DAY IN HIS LIFE. I'm sure he's waiting for his dad's friends to come and pay off the 1/2 trillion dollar debt, just like they did with all his other screw-ups.