Thursday, October 19, 2006

It's The Economy, Stupid

As someone recently said, that's so 90s. Today the stock market closed above 12,000 for the first time ever--usually we call that a record. Here's a little more information about our economy.

7 comments:

Anonymous said...

Imagine how much higher it will go once we've kicked out these spend crazy republicans.

Darren said...

Unfortunately, the only alternative to spend-crazy Republicans is even-more-spend-crazy Democrats.

Ugh.

allen said...

Even more unfortunately, getting booted out their (our, I'm a card-carrying Repub) majority is the only way to get their attention. Kind of like the farmer who smashed his mule on the head with a two-by-four to "get his attention". Nothing less then a two-by-four headache is likely to get the incumbent and challenging Republican's attention. It is a representative form of government after all so we do, indeed, get the government we deserve.

MikeAT said...

Anon, Darren, as usual, is right. The Reps are in this matter are the lesser of two evils.

Although I have had to correct on one minor issue. He said the Republicans spend like drunken sailors and I told him not to insult the water boys. They spend their own money! :)

Also, the link had this comment from George Will

“Why does Massachusetts have less jobs now than November 2001? No word yet on that one from John Kerry. “

George, I wouldn’t hold my breath on an answer!

el hongo said...

so, what about that whole inverse relationship thing? interest rates go down and equities valuations go up. can we credit GWB with that, too? hhhmmm.

Darren said...

I apply the "Clinton Principle." If you gave Clinton credit for the stock market rise, if you talked about how great the economy was during the dot com bubble, you should be doing the same thing now.

That goes the same for the news media.

Foobarista said...

But the news media itself was on top of the world in the late 1990s, and is in a world of hurt nowadays. And the evil Reps look like they'll do better in Congress than previously thought.

Can any NYT reporter possibly imagine that the economy's booming? No - they go by the ancient rule: if my neighbor gets laid off, it's a recession. If I get laid off, it's a depression.