Thursday, December 11, 2003

Joyride: Well, the Dow closed above 10,000 today. It might dip back down tomorrow. But then it would probably creep back up.

Financial analysts also expect 2004 to create record economic growth. Growing the fastest in 20 years.

Oh, and that recession? It really wasn't as bad as people originally thought, which makes sense because it never seemed all that bad. Granted, business slowed down a bit, but I didn't see any bread lines or anything.

As I've said before: the 10,000 benchmark isn't indicative of anything, but politically it will be huge. Republicans will play this to show that the economy is strong.

Democrats will ignore the Dow and will continue to harp on unemployment figures and deficits, making it seem like Bush mishandled the economy.

And I'll continue arguing that neither Presidents Bush nor Clinton deserve neither credit nor blame for the economy. While their policies can provide some influence, the economy is a wild, untamed beast.


Post a Comment

Copyright © Staunch Moderate
Using Caribou Theme | Bloggerized by Themescook