NASDAQ from 5000 in early 2000 to under 1990 by mid 2001.

NASDAQ.com | 10/8/2008 | self

[shoedog]

A reminder that McCain could also talkabout. The internet bubble that saw a rocket of NASDAQ to 5000, then the internet bubble burst and in less then a year had given 60% back. This actually led to one quarter of negative GNP before Bush Tax cuts bailed us out. The housing bubble and finance is much bigger and dramatic because of the cornerstone companies that have been hit. However people were up in arms on seeing their 401k and internet stocks getting dramatically thumped. Tax cuts got us out of that mess, McCain needs to remind voters of that. Nasdaq hasn't come close to 5000 again, but the economy did fine until the last year. This isn't the end of the world and doesn't have to be a depression. McCain needs to stop disavowing everything Bush has done, and go back to true conservatism.

[mnehring]

How about in the course of normal economic cycles, you generally always have some sort of bubble every decade. There is always a leveling of perceived value versus actualized value.

[Moonman62]

W never did like the technology sector, and it was the tax cuts of 2003 that got things going for awhile. Those cuts were largely written by congressman Bill Thomas and others. The cuts by W were ineffective.

[microgood]

McCain needs to stop disavowing everything Bush has done, and go back to true conservatism.

He needs to distance himself from Bush. Bush doubled the deficit under his tenure. He is fiscally the most irresponsible President in our nation's history.

[misterrob]

Bush sent everyone a check in order to prop up a flagging economy. Cutting marginal tax rates and cap gains are what promote growth.

[DoughtyOne]

I don't want to jinx it, but the market is up about 150 right now.  Yowza!


Here's your chance to force DoughtyOne to donate up to $200 for the current FReepathon.  Join the DoughtyOne FReepathon Challenge
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[Moonman62]

Yep, it was demand side stimulus that didn’t work. The blue blood Bushes of Connecticut didn’t learn much from Reagan.

[MarkeyD]

[Rodney Dangerfield]

NASDAQ lost about 40% of its value in the 2 weeks following the verdict handed down as a result of the Clinton WH suing Microsoft.

Media was silent as usual.

[Prokopton]

McCain needs to stop disavowing everything Bush has done, and go back to true conservatism.

How can you get back to true conservatism without disavowing every liberal thing Bush has done?