Remember -- if the drop of the Dow (begun under Clinton and deepened by 9/11) and the increase in oil prices (caused by short supply, increased demand, and natural disasters) were all George Bush's fault, so is this.

The Dow Jones industrial average leaped into record territory Tuesday, highlighting Wall Street's long recovery from the popping of the technology bubble, the 2001 terrorist attacks and a wave of corporate scandals.

The new closing high of 11,727.34 highlights how much things have changed. In January 2000, it was all technology all the time. Internet firms without real business plans and pajama-clad day traders were the glamour kids. Then the bubble burst, Enron Corp. and WorldCom Inc. collapsed, and small investors ran for the hills.

And interestingly enough, the stock market today is much more solid than it was when teh slide began in January of 2000, when the Internet bubble propelled the rise in stock prices.

And oil dropped below $59.00 a barrel yesterday -- and I'm paying $1.89 a gallon for gas.

I love how George W, Bush is managing the economy and bringing down gas prices!

And I won't comment on the great job he has done preventing hurricanes this year.

Posted by: Greg at 10:30 PM | Comments (2) | Add Comment
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