This is a simple diary. I'm no Bondad of Jerome a Paris so if you are looking for in depth economic analysis, you're in the wrong place.
I heard that Bush got some good news today on the economic front. The Dow topped 11,000. Yipee!!!
I know that conventional wisdom holds that Republicans are good for Wall Street. So I thought to myself, let's see how well it has done under Bush.
My first thought was "what the value was when Bush took office?" Well, his inauguration was on January 20th 2001 (a day that will live in infamy) and the stock market wasn't open on the 20th, but here is some data for the dates around that time:
finance.yahoo.com :
Date Open High Low Close Volume Adj Close*
25-Jan-01 10,644.53 10,882.42 10,520.90 10,729.52 1,258,000,000 10,729.52
24-Jan-01 10,651.85 10,795.80 10,483.49 10,646.97 1,308,999,936 10,646.97
23-Jan-01 10,575.80 10,773.94 10,459.91 10,649.81 1,232,600,064 10,649.81
22-Jan-01 10,581.90 10,749.44 10,371.66 10,578.24 1,164,000,000 10,578.24
19-Jan-01 10,686.00 10,792.14 10,448.93 10,587.59 1,407,800,064 10,587.59
18-Jan-01 10,584.57 10,834.43 10,466.01 10,678.28 1,444,999,936 10,678.28
17-Jan-01 10,660.95 10,817.35 10,442.83 10,584.34 1,349,100,032 10,584.34
16-Jan-01 10,525.78 10,751.48 10,362.72 10,652.66 1,205,699,968 10,652.66
So I guess things have improved about 500 points or so. Not so good, maybe if we look at the charts things will look better:
Here is the chart for the last five years:
Well, that's probably all Clinton's bubble and 9/11, so let's look at the last two years, I'm sure things will look better:
Oops, well at least there's no big dip for 9/11, but it looks like it is just treading water. I'm sure if we look at the last year we will see an improvement:
Oh darn things don't look like they have changed very much there either. I'm sure that if we look at the long term historical data we can put things into perspective:
Oh well, sigh, I tried to put a good spin on it. Maybe I can get a Nobel Prize in Economics for naming that last flat line the "Bush plateau".