Wednesday, September 17, 2008

In which I do some math.

On January 19, 1993, the Dow Jones Industrial Average was 3,255.99.
On January 19, 2001, the Dow Jones Industrial Average was 10,587.59.
That would be, unless I'm mistaken, an increase of over 225% in eight years.

As I write this, the DJIA is 10,609.66 (and falling). That's an increase of two-tenths of one percent since January 19, 2001.

On January 19, 1993, the S&P 500 was 435.13.
On January 19, 2001, the S&P 500 was 1342.54.
That would be an eight-year increase of over 208%.

As I write this, the S&P 500 is 1166.85 (and falling). That's a decline of just over 13% since January 19, 2001.

On January 19, 1993, the NASDAQ was 696.81.
On January 19, 2001, the NASDAQ was 2770.38.
The eight-year increase was almost 298%.

As I write this, the NASDAQ composite is 2,115.44 (and falling). That's a decline of nearly 24%.

At the end of the day, the duty of the President is to leave the country stronger than he found it.

Why would we reward this performance with four more years of the same?

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