Posted on 10/04/2006 8:39:11 AM PDT by Halfmanhalfamazing
WASHINGTON -- The last time the Dow Jones industrial average closed at a record high, America was living in a giddy economic era when good times and budget surpluses seemed as if they might continue indefinitely.
It was Jan. 14, 2000, the start of another year, another century and another millennium. The economy was roaring along. The jobless rate was a low 4 percent. The "new economy" of young entrepreneurs energized markets with new tech companies that didn't turn a profit. Nobody seemed to care, and excesses piled on top of excesses.
(Excerpt) Read more at chicagotribune.com ...
IBTWAMHH
Women and minorities hardest hit.
The children!
They were left behind because they weren't smart enough to invest in the stock market.
Them's the breaks.
Good Lord, some will always find a silver lining to be too dark.
Because they have little or no skills.
Dang! You beat me to it!
It is kind of funny though...in their view, everyone was rosy cheeked and happy before the draconian economic policies of the Bush Administration (which adversely affected women, children and minorities the most) completely destroyed the hard built economic foundations that everything was based on during the amazing Clinton years!
BIAS = Layoffs is missed by brain-dead journalists...
Maybe, but there are a few stunning admissions in the article:
It was Jan. 14, 2000, the start of another year, another century and another millennium. The economy was roaring along. The jobless rate was a low 4 percent. The "new economy" of young entrepreneurs energized markets with new tech companies that didn't turn a profit. Nobody seemed to care, and excesses piled on top of excesses.
And then the bubble burst...
Now, six years later, the Dow finally has surpassed its old closing high of 11,722.98, ending Tuesday at 11,727.34, thanks to an amazingly resilient economy driven by higher productivity and profits, lower tax rates...
With over 80% of America invested in the market, the 20% commie/leftist/welfare pimps must not have any money invested. Leftists such as moore and babs are making a ton of money though!
LLS
Wow, can it get more pathetic from the leftist rags.
Oh, this is COMICAL! The DOW hits a record in a Republican administration and the MSM trots out the rich are getting richer baloney. How different their tune is from the Clinton bubble in 1999! What's next a story or two about the homeless??
Golly, one of the biggest players left behind in the stock market surge is none other than the Chicago Tribune. They have lost $4 billion in market capitalization in the last two years.
Ah, yes, the Clinton years, when there were no homeless and no poor. They all magically reappeared on January 20, 2001.
This is horse hockey. Millions and millions of Americans are in the markets in one way or another - more than ever before. 401(k)s, 403(b)s through outfits like TIAA-CREF and many others have many average Americans taking part in the equity markets.
As usual, most reporters don't know squat about investing.
They, as a rule, hate people who have money, people who want to have money and each other. They are a pathetic lot.
That seems to be the business they're in.
women and minorities greatly affected
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