Dow Jones Industrial Breaks Record
Written by YellowJacket on September 28th, 2006Guess the economy isn’t so bad after all… but hey, I guess Bush and Co. had to lower gas prices and manipulate the stock market right before elections - because we all know they have that kind of power. Right, Kos?
NEW YORK (AP) - The Dow Jones industrial average topped its record-high close this morning, reaching a milestone in Wall Street’s recovery from nearly seven years of corporate upheaval, economic recession and the impact of terrorism. The high close was 11,722.98 set on Jan. 14, 2000.
Lifted by growing optimism about stable interest rates and a soft landing for the economy, the Dow rose to 11,724.86 in morning trading, before slipping back to 11,699.08. It faced one more milestone, its intraday high of 11,750.28, before it could move into uncharted territory.
H/T Drudge.
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Do remember that the Bush administration was able to make the economy tank precisely when Clinton left office, just so Pres. Bush would look good. Or something like that.
It seems like people are forgetting what Pres. Clinton did in order to help get Al Gore elected. In 2000 we were facing a similar situation of high gas prices, leading Bill Clinton to deplete our strategic petroleum reserves in order to lower prices and help Gore’s election chances.
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Good point Andrew.