Republican economics

Everything McCain said he favored or would strive for was contradicted by his voting record or the part of the convention that preceded his speech. I was intrigued, however, by his rhapsodic incantation of RNC talking points about the economy and its prospects under a McCain administration. If we could have seen his skin through the 0.25 inch of pancake makeup, I'll bet we would have seen him turn nearly incandescent with glorioski.

Spelunking the inet, I see that the Dow Jones Index closed Friday at about 11,221. On January 22, 2001, the DJI closed at 10,578 for an increase to date of about 6%. The DJI increased about 327% during Clinton's terms, but hey. Everything is relative to you rhetoricians, right? Perhaps you can think of something that makes a 6% increase compare favorably to a 327% increase.

For example, I note that we have incurred 24% inflation since the Bushman ascended to first chair. 24% inflation compared to a 6% DJI increase is great, right?

No, not really. I'm glad that a good chunk of my retirement money has been in a money market fund since 2000. Performance of the American economy can be measured in many different ways, but I have not been able to unearth any index that shows that the last 8 years of Republican misrule have been beneficial. Any nitwit airhead gasbag that thinks we have prospered should be statutorily prohibited from coming closer than 500 yards to the White House.

Listen up, dear Richard. Dragging his mom around to vouch for him worked twice for George W. Bush, but it won't work for John McCain.

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