The Dow dropped 369.88 today, finishing at a dismal 9955.50.
When George Bush took office in 2001, the Dow was at 10,659. That means that our economy hasn’t just stagnated over the past eight years–we’ve actually erased some of the economic gains we made during the Clinton administration. And that’s not even touching Clinton’s record surplus that the GOP turned into a record deficit.
Bill who? Jeremiah who? I’m sorry, Senator McCain, I don’t have time for whatever it is you’re talking about–we have an economy to deal with. An economy that you helped ruin, ironically.
UPDATE: And now 60% of Americans believe we’re headed for a depression:
Nearly six out of ten Americans believe another economic depression is likely, according to a poll released Monday.
The CNN/Opinion Research Corp. poll, which surveyed more than 1,000 Americans over the weekend, cited common measures of the economic pain of the 1930s:
- 25% unemployment rate;
- widespread bank failures; and
- millions of Americans homeless and unable to feed their families.
In response, 21% of those polled say that a depression is very likely and another 38% say it is somewhat likely.
Again–Bill who? Jeremiah who?