I’ve written articles in the past about how Obama’s crazy spending plans would torpedo our economy but once again history has shown President Bush’s tenure gave us the most to be concerned about, even compared to President Obama. In W’s last four years the Dow Jones Industrial Average went from 10,000 to 7500 while in Obama’s first four years the DJIA has gone from 7500 to 13,000. Having libertarian tendencies at my core, I’m not ready to admit Obama’s economic stimulus plan has really helped our economy, but one thing I can say is our nation’s commerce as reflected in the Dow has taken favorably to the Obama tenure, much more so than Bush’s turn at the helm, and Obama was correct in saying he inherited a mess from the Bush years.
Yes it’s true, Obama has outpaced Bush’s spending spree, which was worse than any Democrat (or Republican) before him, but for the last four years the Dow has been climbing steadily ever since he took office. Maybe we can say reckless spending works for Democrats and not for Republicans? I dunno. My inclination is Congress and the President have less to do with our nation’s economy than they all would like to take credit or give blame for. Our economy runs in cycles all on its own and I’m guessing the government has less effect than we think.
So doomsayers take heart. Our nation’s economy is fairly resilient and can take the misguided policies of presidents like Bush and Obama. Take a chill pill Savage.