That’s all fine and dandy if that’s what really happened. But, of course, in reality the earth didn’t stand still and the Dow, after closing at an all time high, began to tank, and tank and has kept tanking since Oct. 2007—long before Barack Obama became president. Kent, however, says “[B]ush's economic policies never tanked the market the way Obama's economic policies are currently tanking the market.” That’s completely untrue. If we freeze time and look at one month in 2007, then yes the market looks very good under Bush. But if we look at his entire presidency and quit with the childish “logically and reasonably” Fantasy World talk, we see the Dow lost more under George Bush than any president history.Even if we freeze time and let Kent’s Fantasy World take over, the record day that Kent keeps talking about means the market gained a whopping 3,342.42 points under Bush, which Kent calls the greatest ever. Using Kent’s very “reasonable logic” the Dow gained 7,493.98 under Bill Clinton, which is far better than Kent’s make-believe earth stopping number.
This is not to say the loss the Dow is currently experiencing isn’t of great concern to all of America and President Obama, because certainly this is Obama’s mess to fix. But let’s not pretend that Obama inherited a stable market in the least bit. It was a market that had lost over 43% in value in one year’s time. Hardly the same scenario Bill Clinton left for this country.
*Update:
Looks like Kent has schooled me once again. I wonder if they charge admission to tour the Republican Fantasy World. I wouldn't mind a peak.
