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To: Vigilanteman
Exactly right. The Dow did quite well under the hyperinflation and unemployment of the Jimbo Carter administration. You can look it up.

I just did.

Dow Jones average was 975.20 in 1976.
In 1980 the Dow Jones average was 963.99

I'm not impressed.

46 posted on 11/05/2021 2:28:40 PM PDT by SamAdams76 (I am 26 days away from outliving Holly Dunn)
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To: SamAdams76; Alberta's Child; Romulus
It was in the crapper first two years of the Carter Administration (1977-1978) when it was down 20.5%. It recovered quite nicely in the next two years (1979-1980) when it gained 19%.

You can look it up here.

The point I was trying to make is not that the economy did well under Carter, of course it did not. The Dow got pulled along for the inflationary ride just as is happening now. Look at the chart.

A rising Dow is not necessarily an indicator of presidential popularity. It was up 15% in 1980 and Carter lost in a 44 state landslide. It was down 4% in 1984 and Reagan got re-elected in a 49 state landslide.

49 posted on 11/05/2021 2:41:05 PM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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