October 7, 2008 at 4:00 PM by Dr. Drang
It’s not that I think stock market averages are the best gauge of economic health, but since Republicans thought they were a great yardstick back in the 80s, it seems only fair to use that same measure of success to judge their current standard bearer.
This is from finance.google.com. The blue line is the Dow (down 10% since Inauguration Day, 2001) and the red line is the S&P 500 (down almost 25%).
I have well-off friends who vote Republican because of a terrible fear that Democrats will raise their taxes. They call this “voting their pocketbook.” Apparently their idea of a pocketbook doesn’t include their stocks or mutual funds.