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The Guardian - UK
The Guardian - UK
Comment
Michael Tomasky

Devastation

Another 500 points. The Dow closed at 9,447 today. It's down around 30% for the year. Remember, the day Bush took office, the Dow was at 10,578.

It would seem to me that just about all Obama has to do is mention these numbers, and the number 3,242, which was the Dow's position the day Bill Clinton took office. In truth of course, economic realities are more complicated than who was or wasn't in the White House, but the bottom line fact is the bottom line fact, politically.

Retirement accounts have lost $2 trillion in the last 15 months or so. Not the best time to be defending the partial privatization/sation of Social Security, which McCain's camp has been doing as recently as three weeks ago.

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