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To: GregoryFul
You ought to adjust that for inflation.

If you do that, don't forget to add dividends back in.

197 posted on 12/31/2006 11:06:23 AM PST by Toddsterpatriot (Why are there so many idiots in California?)
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To: Toddsterpatriot
And diminish by bankrupt companies that were in the DOW index over time.

I look at my father in the 50's and 60's, an average engineer, his family, 7 children, wife, only one working parent. Owned a nice house in Massachusetts in the 50's on 1 3/4 acres of land that you probably could not touch for $750k today. Another in the 60's and 70's in Pennsylvania that would go for $400k to $450k today (large colonial on 3/4 acre, $23k new in 1963). Bought a new car every three to four years ($2500 - $3500, VW's advertised for $1899, I picked up late model used cars for $200 - $500 in those days). You could buy lots of groceries for $20. A good loaf of bread, $0.28, hamburger $0.30 per pound. Large Mars bars, $0.05 in the 50's, then going up to a dramatic $0.07, which seemed outrageous to us kids.

Anyway, imagine raising 7 kids on the average engineer's income these days.

The dollar has been subject to ferocious devaluation over the past 30-40 years, to the benefit of the thieving scum arranging the same, the pestilence that infest government. They suck the lifeblood out of the economy.

210 posted on 12/31/2006 11:47:11 AM PST by GregoryFul (There's no truth in the New York Times)
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