In a mark of good economic faith, the Dow Jones Industrial index closed above the 10,000 mark for the first time since May of 2002. Earlier this week the Dow flirted with the idea, but slipped back down below 10,000 on Tuesday.
The Dow Jones industrials closed above 10,000 Thursday, a milestone not seen in 18 months as investors cheered Federal Reserve minutes that suggested higher interest rates wouldn’t come anytime soon.
While the rest of us enjoy this momentous occasion, marking a very important good-bye to the sagging economy after 9/11 and a recession started during the last part of Clinton’s second term, I can’t help but wonder how the Democrats are handling the bad news. [More]