In the year 2000, when the “tech” bubble was about to burst and the Clinton administration was fighting to rewrite history after Clinton’s impeachment, the liberal media was all over the new record high of the Dow Jones Industrial Index. It was like Christmas (of course they wouldn’t call it “Christmas” but rather “Stock Market Festivus of Secular Happiness” or some such).
It was proof of the liberal economic magic! Clintonian awesomeness! Vote liberal!
The economy was of course about to take a downturn but never mind—it was a Clinton/liberal moment to end all moments, we were told, and the liberal media talked about it for weeks and weeks. Democrats ran election campaigns featuring the historic moment.
Today, against all odds, the U.S. economy has been on something of a tear, and the Dow Jones passed that year-2000 record. The news is barely being reported. We will be told that it’s because the market didn’t “close” with a new record—it merely passed it during the day. EDIT/UPDATE: It actually did end up closing at an all-time high today.
At 12:05 PM:
It’s not on the National Post’s online front page.
It’s not on the CBC.ca’s front page.
It’s not on the Globe and Mail’s front page.
It’s not on the Toronto Star’s front page.
It’s not on the CTV.ca’s front page.
And if it does show up, I will personally guarantee you they will stop talking about it immediately.
But hey—those of us who have invested our hard-earned after-tax cash will know and celebrate.
UPDATE at 1:15 PM Oct 3 2006:
CBC’s web site reports that the Toronto index is down 200 points today.
In the second-to-last paragraph in THAT upbeat story, they said this, with obvious excitement and glee:
The Dow Jones industrial average traded to a record intraday high. In mid-afternoon trading, it was up 77 points to 11,747.
Wow.
PTBC was founded by Mr. Johannesen in 2000.
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