Originally posted by airspro:
I hardly ever say this but ain't we all glad that the Republican's have the White House now
spro
Yeah, and isn't it amazing that it only took them about 5 1/2 months to totally tank the economy.
There were certainly
no warning signs that this was coming during the last two years of the Democratic reign.
Check this out for a quick refresher; notice the DATE of the report:
http://english.peopledaily.com.cn/200012/28/eng20001228_58995.html Thursday, December 28, 2000, updated at 08:34(GMT+8)"The Conference Board, one of the leading US business research groups, said in a survey that the
Composite Index of Leading Economic Indicators stands at 105.3, down 0.2 percent in November following a revised 0.3 percent drop in October and a 0.1 percent rise in September.
...
Since the high of 106.3 in January of this year, the leading index was down in eight of the past 10 months, the survey said, adding that this is in sharp contrast to a 1.5 to 2 percent gain annually in previous years.
...
The index is pointing to "significantly slower growth in the first half of 2001," said Conference Board economist Ken Goldstein."
Let's see..
BEFORE the bloody election the index was
DOWN in
7 of the
PREVIOUS 9 months and down in November as well making it 8 for 10.
...and you want to hang this TOTALLY on a Republican in the White House right?
Might as well toss in California's energy crunch. It got the most news AFTER the Republican went into 1600 Pennsylvania Ave, so it must be HIS fault. Nothing could have occured to cause it before that, I'm sure.
Now little Georgie may or may not turn out to be considered a "good" President. That remains to be seen.
However, hanging this on him after less than 6 months while totally ignoring what went on the previous year is a bit much.
Remember what happened to the DOW between Jan '00 and April '00? Remember the warnings then?
Didn't think so.....
Karnak, good luck again. Sorry for hijacking the thread a bit but ... man, how can people forget history so d*mn fast....
Sorry.