okie wrote:If you look at your graph, you will see it peaked out a year or two before Clinton left office, so the downturn was already occurring before Bush took office.
What the heck are you looking at, okie? The chart clearly shows no downturn of any description, and certainly no "meltdown" that realife seems to mysteriously see.
The whole reason for posting a chart is to illustrate things clearly. When you are given a pictorial representation that stock prices rose several years and then held steady in 2000, it is arrogance in the extreme to post that they were undergoing a downturn or a "meltdown". Christ, you can see right there they did not! [/quote]
okie wrote:Your graph illustrates when all the rich libs become too giddy and run up the stock prices to unrealistic levels.
You get that, folks? According to Okie here, only liberals invested in the stock market in the nineties. Presumably, ample-pocketed conservatives stayed away, or did not increase their investments at all during that decade.
Besides which, this business that the nineties were a false economy is a conservative myth, designed to cover the fact that Bush's economic performance is abysmal. Under Clinton, unemployment went from 7.2 down to 4.0 percent. A much greater percentage of people age 25 to 54 were actually working than are now. Those people were bringing in paychecks, buying goods and services, contributing to the economy. The nineties were not a false economy, despite Republicans telling you so.