Thursday, October 19, 2006

12,000!!!

After the dotcom bust, 9-11 attacks, the business scandals, two wars and constant efforts by liberals and the media trying to deny the truth, the DOW closes above 12,000 as another example of the strong economy.

6 comments:

Ron said...

Interesting, breaking the record on the exact day it crashed in 87'.

The leftist southpaw said...

When the economy was doing well under Clinton, many Republicans (not necasarilly you, CT, but many) said that he bennefitted from the policies of Reagan & Bush before him.

IF that were the case, wouldn't Bush II be bennefitting, at least in part, from Clinton's policies?

Or is the Dow just reflecting optimism over what may take place in the next 17 days?

Cajun Tiger said...

In my opinion the biggest reason for the economy doing well during the Clinton years despite his tax raises and anti-business regulations was the internet boom which he had absolutely nothing to do with.

Another reason is that his hand was forced on things like welfare reform by the Repub controlled Congress.

Were it not for the Bush tax cuts after the internet bust, 9-11 and the other stuff I cited in the post, the economy would be no where near as strong as it is today.

And were it not for the Repubs overspending in Congress it would be even better as the falling deficit would be even lower.

The absolute worst thing that could happen would be for the tax cuts not to be extended and even worse new tax hikes, both of which are high possibilities if the Dems regain control (God forbid).

Cajun Tiger said...

Ron...that is pretty neat.

Little Miss Chatterbox said...

Awesome news!!!!!! Although it amazes me that when Clinton was going through his scandals it didn't matter because the economy was doing so well. Now the Drive By Media pretends the economy really isn't that great because they don't want to give Republicans any credit for it.

Cajun Tiger said...

LMC...great point