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Wednesday, November 05, 2008
Dow-Jones at 9633.01 as I write this
Okay, this is me, grasping at straws in yet another Election Day guest-post at HughHewitt.com.
[Copied here for archival purposes on November 5, 2008, from the post linked above at HughHewitt.com.]
(Guest Post by Bill Dyer a/k/a Beldar)
Barack Obama wants you to believe that John McCain was simply insane when he insisted that the "fundamentals of the American economy are strong." Yet the Dow-Jones average is back within striking distance of 10,000 again — which ought to be a huge relief to those who've been fretting over their 401k and other retirement accounts.
That's not to say that all is rosy on the economic front. But we're not in another Great Depression — and the greatest threat on the horizon is that a tax increase could turn a short and relatively mild recession into something worse in 2009.
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