Does anybody know what the dow was on Bush's first inauguration day. The Clintonites keep pointing to the 11,700 number but that is not what the stock market was when he left office. They try to blame Bush for every point the dow was below 11,7 and hope nobody is paying attention.
I posted this yesterday--
Some info to dispute the Dem talking points.
When President Bush took office in January 2001:
DOW was at 10.578.24
It had declined almost 10% from its high during the last year of the Clinton Presidency. As of today, the Dow Industrials stands 10.8% above when Bush took office. In spite of 9-11, Enron/Tyco/etc malfeasance...
NASDAQ was at 2757.91 when Bush took office, and had lost almost half of its value from the top of the Internet bubble, and was still in rapid retreat. By the end of March 2001, less than 6 weeks after Clinton left office, the bubble finally had lost most of its air and the Nasdaq stood at about 1820. Clearly nothing Bush did in less than 6 weeks caused that continued drop.
Today, we are at a level of 2246, almost 25% above the bubble burst bottom. (There was a later 9-11 bottom as well).