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View Diary: Four questions for Republicans...and four answers for undecided voters (143 comments)

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  •  In order to believe that the time frames are... (1+ / 0-)
    Recommended by:
    Maverick80229

    cherry-picked, you have to believe that the changing of president is inconsequential.

    I'll add another level to the time frame. The stock markets were at these levels as W was inaugurated in 2001:

    Dow- 10,660
    NASDAQ- 2781
    S&P 500- 1355
    Russell 2000- 499

    When Barack Obama was inaugurated:

    Dow- 7949  (-25.4%)
    NASDAQ- 1441 (-48.2%)
    S&P 500- 805 (-40.6%)
    Russell 2000- 434 (-13.1%)

    Now (Percent gains shown above):

    Dow- 11,095 (+40%)
    NASDAQ- 2510 (+74%)
    S&P 500- 1183 (+47%)
    Russell 2000- 704 (+62%)

    So, George W Bush presided over the destruction of wealth in the U.S. during 8 years, 6 of which were with a Congress with at least the House in Republican control. Barack Obama's tenure coincided with a partial restoration of the wealth lost in the previous 8 years. Note that smaller companies have done especially well in the recent 21 months.

    Markets and Politics diary

    Watch this space: subject to change.

    by sustainable on Fri Oct 29, 2010 at 12:06:42 PM PDT

    [ Parent ]

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