The big red headline on my local paper this morning: " Dow Hits 10,000!!"
NPR was talking that up in a very big way just the other day. Huge achievement -- 10,000! Whoo-Hoo! They also very pointedly mentioned that the first time the DJIA hit 10,000 was 10 years ago and the president was Bill Clinton.
There seemed to be an implied assumption that in between Clinton and Obama and those glorious 10,000 point peaks, there was just a long sad trough while Bush was president. But maybe I'm paranoid.
But if I recall correctly, when the Democrats seized congress in 2006, DJIA was 14,000, the deficit was $180B, and unemployment was 4.5%. And that, you may recall, was the worst economy since Hoover.