The Dow lost a total net sum of 5,980.92 points under George W. Bush. That's nearly 43% of its value. And not one time, never, did Kent complain. But now all of a sudden he's worried about a falling stock market. The Dow didn't just start its tumble on January 20th, 2009. It's been falling steadily since October 2007. Somehow to the right wing American history began a month ago.
*Update:
Kent and Jaz can't for the life of them figure out why I won't quit mentioning the presidency of George W. Bush in relation to their new found concern for the country. It's been so long since Bush was president that his presidency has no influence on the world today. Mentioning him only demonstrates my "feckless" ability to distinguish historical comparisons. They are indeed invoking the Regretted History Law.
Kent insists it's impossible to say the Dow lost 43% of its value under Bush because Bush took the Dow to its highest levels in history-- and then time has since stood still, nothing ever happened once the Dow hit 13,000. Jaz just calls it "Bush Bashing" to use the ancient history of the Bush presidency as context for today-- a complete invokation of the Regretted History Law. And there you have it. Never, not one single time, did either of them complain when the Dow was cut in half during the Bush years but now both are very concerned with a tumbling Dow, and it's all Obama's fault.
The Fold Blog welcomes all comments as a means of engaging the political debate. Comments from new visitors may take a moment to appear on the site. Some may go through a moderator as well. Please be patient. Click here to read our comment policy.