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Faulty Logic
SK Bubba draws economic conclusions from two data points and wants you to do the same.
First, let me remind everyone that effecting significant changes in a ten trillion dollar economy is about as easy as teaching an elephant ballet. Turning around a failing economy takes time.
Second, Bubba points out that the economy is worse off now than when W took over, and quotes the NASDAQ and a selective DOW index for proof. I say look at the trends:
The bright blue line is approximately the end of January, which is when W took over (see my counter at top right of my main page). From these graphs it is immediately obvious that things started going south in the first quarter of 2000 (remember? That was when everyone assumed the BoreBot would waltz into the White House). W slowed the economic downturn, and then came the attack on America in September 2001. Even with that, and the subsequent uncertainty that came with the war on terror, the economy stabilized and the recovery has begun.
Thus the truth of the matter is that W took over a rapidly crashing economy and have seen us through it in pretty good order. If you don't believe it, try looking at the Japanese, German, or French economies. If it wasn't for us (with W in charge), the world would be in the toilet.
Note: The charts were shamelessly taken from Big Charts.com and the lines for January 20, 2001 were crudely drawn by me, using Photoshop Elements 2.0.
Blog post #978 in category Economics
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