Captain Packrat (captpackrat) wrote,
Captain Packrat
captpackrat

  • Mood:

Bush, worst thing for the economy since Carter

Chart of the Day, a web site which has various financial charts, had an interesting one today. It's the Dow Jones Industrial Average compared to the price of gold. Although the Dow reached a record high in the summer of last year, in US Dollars, when you try to "buy the Dow" using gold, a totally different picture emerges.



When priced in gold, the Dow reached its apex in 2000 and has been sliding ever since.

2000... Let's see... that was the year Bush was elected! Coincidence?  I think not.

Even Reaganomics was better for the economy than Bushwhackonomics.
Tags: politics, stocks
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