Reader FW writes:
I was curious about the stock market’s performance during the Clinton era vs the Bush era so I looked up historical Dow Jones Industrial Average data. I thought you might be interested in the results.
11/02/92 – Last market close before 1992 election 3262.21
11/06/00 – Last market close before 2000 election 10977.21
09/17/08 – market closed @ 10609.66
From just before the 1992 election to just before the 2000 election, the stock market rose by 336%. From just before the 2000 election to the present (9/17/08), the market has FALLEN 3.3%. But gotta look on the bright side – oil company and Halliburton profits are way up!
This is a message that Democrats really need to do a better job of getting out. Much like Obama needs to do a better job of getting out the message that he’ll cut taxes more than McCain will for everybody but the superrich. We do better for the country economically, though I think that we’re at our best in that regard with Republicans running a chamber of the legislature, preferably the Senate.