Monday, October 06, 2008
The Bush Years - The Dow Jones Industrials View
Looking at the Bush years from the perspective of average closing prices for the Dow Jones Industrial companies, there has been no net growth in the value of these investments in 8 years. Today, with the market falling again, prices are actually lower than they were when Bush first took office (the red line on the graph is the no-growth line). Of course, in real, inflation-adjusted terms, no growth is actually the same as shrinking a lot.
What a legacy!
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No subject for immortal verse
That we who lived by honest dreams
Defend the bad against the worse."
-- Cecil Day-Lewis from Where Are The War Poets?
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