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7 years into Bush's Presidency, NASDAQ and S&P 500 are BELOW the level of his 1st day in office.

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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:52 PM
Original message
7 years into Bush's Presidency, NASDAQ and S&P 500 are BELOW the level of his 1st day in office.
What an amazing economy Gee-Duhb has created for this country!!!


NASDAQ then
2,757.91

NASDAQ now
2,346.90



S&P 500 then
1,342.90

S&P 500 now
1,333.26



As for the Dow, it's returned an amazing 15% over a 7-year span. Wheweee!! What's we average folk goin' be doin' with all that there moolah??




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Darkhawk32 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 05:55 PM
Response to Original message
1. The DJIA is now the same as a small-town savings account.
Great job Bushy-boy!
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fujiyama Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 07:16 PM
Response to Reply #1
15. I don't think I've seen any bank - small or large
give 15%. If so, I'd love to know which one.

Either way, what the OP said about the last seven years doesn't speak very highly of Bush. I love his stimulus package - more tax breaks! It's their solution for everything. It's Pavlovian.
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 08:03 PM
Response to Reply #15
19. Well, 15% over seven years
Is something less than a 2% annual percentage yield. Checking accounts with interest probably pay better.
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:00 PM
Response to Original message
2. And we still
have a year to go and not all the problems are on the table yet.

He bankrupted everything he ran before, why should the country be any different?
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Fresh_Start Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:04 PM
Response to Original message
3. and thats ignoring adjustment for inflation
which would put them 10-20% under water.

At least Bush can't pretend he had a success in the economy. It was his one spot of light in a miserable term of office.
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 03:08 PM
Response to Reply #3
35. And ignoring the loss in purchasing power of the dollar: let's all chant, four more years
of 'puke rule, four more years of 'puke rule.
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Jack from Charlotte Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 03:22 PM
Response to Reply #3
37. Yes. Adjusted for inflation, this is the worst record since Republican, Herbert Hoover....
who presided over the 1929 stock market crash.

By the end of '08 the stock market will be several per cent lower than now.
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Serial Mom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:08 PM
Response to Original message
4. The greed of the big investors...
they want 12-15% RETURN on their money

The old standard of 6-8% isn't good enough for them any more, but I would be happy with that!

I lost 66% of my 401 between 2000 and 2002. It gained enough to hit original investment amount last year, and I had made about 3% until the past 3 months!!

This MISADMINSTRATION had been good for the richest of the rich and has done NOTHING for the low end saver/investor such as me. I thought I could retire at 62 (coming in 5 years), but now I will probably have to work til 67 or so, IF the economy doesn't continue on this slide for another year!

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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 03:10 PM
Response to Reply #4
36. Ah, the joys of a 'puke maladministration
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lpbk2713 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:11 PM
Response to Original message
5. And a gallon of gasoline costs over three times as much.



And don't even let me get started on food, housing or medical care.




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Johonny Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:12 PM
Response to Original message
6. I don't think
the Dow has stopped dropping.

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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:14 PM
Response to Reply #6
7. The DJIA is down ~14% from its Oct. 2007 record high.
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berni_mccoy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:25 PM
Response to Original message
8. It's not all down... Oil, Gas and Defense have all done superbly... check this out:


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DemReadingDU Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 09:13 AM
Response to Reply #8
32. Can you do this same graph, starting 1/22/2001 ?
as a comparison from when Bush took office
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Yael Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:28 PM
Response to Original message
9. Mind boggling and it hasn't come anywhere near bottom
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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 06:47 PM
Response to Original message
10. great post, Roland!
I have to tell you a story - well, it was during my lunch at a local diner yesterday (there are only 3 places to eat around here - one's a bar {very dark and greasy}, one's a deli {if you like to eat standing up} and the other is a diner (it's better than my mother's cooking, but that is really not a compliment} - so, my hubby and I are having lunch and there's a table full of farmers sitting about 8-10 feet away from us. Well, the one sitting closest (at the end of a table for about 8) said "Bush said he's concerned about the the economy and I want to know what he's going to do about it. Print more of those worthless dollars?"

Then noise kept me from hearing much more but I heard a scattering of words - China, oil and falling stock prices.

We'll see if things change around here in what I have considered one of the reddest counties in the country.

:hi:
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 07:55 PM
Response to Reply #10
17. That's both good and sad to hear but it's at the least an awakening.
People will vote based on how they are personally affected. I think that's why the Iraq War wasn't enough to turn the election against Bush in 2004. Not many people are directly affected by the war.

High gas prices, utility bills, food bills, healthcare, education and a shrinking earning power and "wealth" in home equity moving south *will* affect a greater number of the populace.
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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 09:43 PM
Response to Reply #10
22. Word spreading, folks. Good post Roland.
Check out the bottom of SMW:

The Nikkei 225 Stock Average dropped 389.26, or 2.8 percent, to 13,394.19 as of 9:15 a.m. in Tokyo, taking its loss this week to 5.1 percent. The broader Topix index fell 40.82, or 3.1 percent, to 1,289.62.

:hi:
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Ravy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 07:07 PM
Response to Original message
11. Don't forget that each dollar is worth 40% less now... nt
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hvn_nbr_2 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 07:10 PM
Response to Original message
12. Well, dontcha know that's why billionaires and CEOs need tax cuts?
And offshoring of jobs? And union-busting? After all, they're not getting richer in the stock market these days, so somebody's gotta pony up to keep the income gap expanding.
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WinkyDink Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 07:11 PM
Response to Original message
13. I guess you didn't invest in Halliburton.
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Radio_Lady Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 07:12 PM
Response to Original message
14. Where is Ozymandius the financial guru? Where are those posts?
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 07:53 PM
Response to Reply #14
16. Over here in the SMW thread. :-)
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Radio_Lady Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:58 AM
Response to Reply #16
24. ...which defaulted to the Late Breaking News thread... but thanks anyway.
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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 05:04 AM
Response to Reply #24
28. Yesterday's SMW is at the link quoted.
Each day's SMW can be found in LBN, starting usually early in the morning ET. It can often be found among the Greatest, later.
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Radio_Lady Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 04:39 PM
Response to Reply #28
38. Thanks for the clarification, Ghost Dog.
I appreciate your taking the time to respond.
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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 08:14 AM
Response to Reply #24
31. Today's SMW thread is here:
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Radio_Lady Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 04:40 PM
Response to Reply #31
39. Again, you are appreciated.
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Th1onein Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 08:00 PM
Response to Original message
18. You guys are such liars!
Why! I heard on Fox Business the other day that the economy was doing GREAT!

<sarcasm>
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 08:31 PM
Response to Reply #18
21. Fox Busines...sounds like something 60 Minutes would have investigated.
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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 09:58 PM
Response to Reply #18
23. See (even) here today (video):
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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-17-08 08:18 PM
Response to Original message
20. Almost 20 years of a sideways market between the 1960's
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sutz12 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 01:03 AM
Response to Original message
25. IIRC they were boasting just last year....
that they had returned to the Clinton levels after six years in office. :shrug:

Pay no attention to the man behind the curtain. Everything is just fine. Tune into American Idol. Have another beer.

Don't worry, we know exactly what we are doing.

And we all fall deeper into the rabbit hole. Lord above do we need another New Deal, or at least to reinstate and finish the first one. (Hint! Hint! Healthcare....)
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gulliver Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 01:16 AM
Response to Original message
26. But if you invested outside the U.S. you're doing fine.
I'm very happy with the return I'm getting on my "anything but U.S. stock/dollar" mutual funds. I'm still way ahead despite the turmoil. Little Junior ruined brand America and ruined global faith in our business environment and integrity. He dumped tons of money right into the sand for nothing. He screwed the dollar. He let business corruption run wild and free.

I look forward to repatriating my money and profiting when it looks like America has started thinking Consumer Reports and Scientific American again instead of People magazine and Fox News. What a bunch of fucking idiots my countrymen have let themselves become. W-sticker chumps. Sitting there watching their country going to hell and laughing into their beer...

The people I feel sorry for are the people who can't defend themselves in our country and around the world--and for U.S. troops and their families and friends. They have paid more for the Bush years than anyone else. Not just dollars and cents.
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elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 09:28 AM
Response to Reply #26
33. Cheney did that afew years ago, and Poppy's Carlyle Group is on a us buying binge...
international cartels do VERY well when the dollar is SOOOOOOOOOO down.
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aint_no_life_nowhere Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 01:22 AM
Response to Original message
27. I'm really livin' it up with that $300 tax refund - yeah boy!
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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 05:13 AM
Response to Original message
29. It took 7 years to find out those dudes are cronies; inept, lazy, and serial BULLIES??
Edited on Fri Jan-18-08 05:14 AM by opihimoimoi
Are we slow learners or what?
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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 07:13 AM
Response to Original message
30. Oil is at an all-time high
We are in a recession

The housing market is on the skids

What a fucking legacy!
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 11:54 AM
Response to Original message
34. And Frat Boy's "economic stimulus" just went over like a lead zeppelin
Dow 12,094.59 -64.62
Nasdaq 2,335.91 -10.99
S&P 500 1,318.96 -14.29

10 YR 3.63% -0.01
Oil $90.30 $0.17
Gold $880.50 $0.00


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VotesForWomen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 04:55 PM
Response to Original message
40. he also had a net job loss in his first term; first time since herbert hoover. nt
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