Dow Jones Industrial Average
Dow Jones Industrial Average — October 9th, 2007 - 14,279
Dow Jones Industrial Average — October 9th, 2008 - 8,579
No more proof is needed that the current intervention is only making matters worse. Bush, Clinton, Greenspan, Bernanke, and the Congress have destroyed the American economy. God help those who were going to rely on their stock portfolio for general living expenses in the near future.
Candidate for US Senate in Connecticut, Peter Schiff, discusses how today’s Dow Jones hitting 10,000 does NOT mean that we are recovering economically. While the media will be quick to report that this benchmark proves that the economic recovery has begun, by pointing out that the nominal value of the DJIA is due to the inflation and little else. He notes that a true “bull market” will reflect a growth in the stock exchanges AND a strong currency, which is not what we are seeing internationally.
The question we ask today is not whether our government is too big or too small, but whether it works, whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified.
Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. — Barack Obama
I have a stipulation for the part where he says programs should end. If those programs are replaced with other programs - then they’re really not ending. The only thing that is changing is where the spoils of political treasure are being spent.
Obama, in his inaugural address, said that government should be given the chance to work. What is the definition of success (work)? The value of the DOW or our GDP are not good indicators of success. It is when Americans individually become responsible for their own risks by being able to bear the consequences or reward of that risk taken.