The Economy
By PoliPundit ~ October 10th, 2003 @ 6:28 am
Rich Galen on the economy:
- To review the numbers one year ago, on October 9, 2002 the Dow Jones Industrials closed at 7286. The NASDAQ index closed at 1330.
- Yesterday the two averages closed at 9680, plus 2384 (about a third higher) and 1912, plus 582 (up about 45 percent) respectively. The Dow’s close was the highest in 22-months, since June 2002.
…
- Day after day on chat shows Republicans are asked “how will the President do if the job situation doesn’t improve?” or some variant on that theme. The Democrat du jour who is on against me typically becomes almost jubilant over the prospect of unemployment figures creeping up through seven or even eight percent.
- I then say something like, “Let’s turn it around. What if the job picture improves – as most economists expect it to. What will the Democrats have to run on then?”
- What follows is typically described in official transcripts as (Crosstalk).
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