Jan. 18 - U.S. stocks reversed gains to close lower after scant details of a White House economic stimulus plan failed to ease recession concerns. The Dow lost just under 60 points to 12,099. The S&P 500 lost 8 points to 1,325. The Nasdaq gave up 6 points to 2,340.
Conway Gittens reports from New York.
So when the Dow was at 14000 and unemployment was 4.5% I guess that was disappointing too. Truth is, the Bush haters hated him even more during the good economic times. Also, presidents don't have as much control as you may think over which way the economy goes and can even throw monkey wrenches into it ala Clinton's reforming of the CRA that pumped trillions from banks into inner city and low income mortgages.
jovidman69 1 year ago
bush & cheney ... heading up the MOST CORRUPT & ABSOLUTE WORST ADMINISTRATION in our Nation's History! DUMB & DUMBER!!!
c1magr8 3 years ago
Bush Disappoints? When has he ever not disappointed the United States? His administration has only humiliated us for the last eight years with his idiocy!
Maturin01 4 years ago
Great. I feel
more comfortable
now that Bush and Cheney
are coming to the rescue.
dave98503 4 years ago
They should get Ron Paul to comment on the state of the economy! Why don't they interview him now???
pbcinla 4 years ago
Bush is not worried about a recession, he is worried about a Depression.
Even if Congress fought him at every turn as they have with others, Ron Paul could still make a huge difference. As Commander in Chief he could single handedly cut about a trillion per year spent abroad by closing most of the 750 military bases in foreign countries and ending the war. He could veto bills with new spending. Enough money could be saved to strengthen Social Security/Medicare and important welfare programs.
InTheSticks1881 4 years ago