December 28, 2006


Dow Jones passes 12,500 (RICK BABSON, 12/28/06, The Kansas City Star)

The Dow Jones industrial average topped 12,500 Wednesday for the first time as bargain hunters helped send stocks higher for a second consecutive session.

Yet the GOP ran on war and the damage immigrants are doing to the economy?

Posted by Orrin Judd at December 28, 2006 5:08 PM

James K. Glassman was right.

Posted by: erp at December 28, 2006 5:58 PM

"bargain hunters helped send stocks higher"

Bargain hunters buy stocks when the price is at a record high? That doesn't make sense. Unless you expect that stocks will just go even higher.

Posted by: Bob Hawkins at December 28, 2006 6:48 PM

The GOP ran on Tom Delay, Jack Abramoff, Mark Foley, Ted Haggard, and ... an unsuccessful war they lied to get us into.
And it probably wouldn't be in their best interest to draw too much attention to the financial gains of their corporate backbones as they might relate to the hypothetical or real claims of corruption by almost everyone who would think that the sort of things Tom Delay did were crooked. (It doesn't bother the Democrats either.)
This was a do-nothing election. The Republicans had screwed up so much all they could do is keep their mouths shut and hope for the least loss. The Democrats didn't need any other platform than "Republicans Suck" and the usual litany. The American voters got screwed once again by circus performers.

Posted by: Macduff at December 28, 2006 7:10 PM

So, mac, you're back. Did you read The Allende Myth yet?

Posted by: Sandy P at December 28, 2006 8:30 PM

Sandy, you took the words out of my fingertips.

Posted by: erp at December 28, 2006 8:41 PM


As long as the financial shenanigans pad our 401ks no one minds.

Posted by: oj at December 28, 2006 9:00 PM

Macduff reminds me of my college sociology teacher. Her explanation for why the workers hadn't revolted in the US was that the bloated capitalists had bought them off. I asked if she meant to say that 99% of the population was being bought off by 1%. She said yes. I didn't get to ask how you distinguish such a bribe from a fair wage because she felt it was time for the class to get back to what she wanted to talk about.

Posted by: Bob Hawkins at December 28, 2006 10:15 PM