Editorial 
This page was last updated on January 06, 2009 .

Silly Season & The Dow
by: Larry Walker, 10/24/06

We are now just two weeks from the 2006 general (off-year) elections, and much is being made of the Dow Jones Industrial Average posting new record highs, while very little is being said about just what kind of change that represents from where the Dow was when the present administration took office. Nor is any mention made of how this compares with economic performance under previous administrations.

You are invited to draw your own conclusions from the chart below. The chart is not adjusted for inflation, and it is not adjusted for term in office. On average, the Dow has gone up 48% during the Republican administrations shown in the graph, and it has gone up 71% during the Democrat administrations.