Monday, March 05, 2012

President Obama Inherited the Worst Economy Since the Great Depression

We hear nonstop how horrible the economy was before Barry Obama delivered us from that moron Bush. We hear how smart this guy is. We hear how he has a plan for this and that. We hear how his team is working their asses off saving us from horrible stuff. We hear how many jobs he "saved or created."

Well, I say he is a dumbass that doesn't have the good sense to pour piss out of a boot if you told him the instructions were written on the sole. Well, unless he was thirsty. Plus, the economic team that he assembled would make the 1976 Tampa Bay Bucs look like the 1985 Bears.

So, to further prove that President Imbecile is toxic to everything that he touches, I have reconstructed the Dow Jones Industrial Average from George Bush's last year in office, used today's close numbers and 2008's divisor to show you how much suck Obama delivers.

Note: I admit that the DJIA is a horrible metric for investing or for gauging the economy, but that is the one we happen to use all the time.

That said, here you go.

The DJIA at Close on March 5, 2012

General Electric 18.85 GE 1907-11-07
ExxonMobil 87.01 XOM 1928-10-01 (Standard Oil)
Procter & Gamble 66.95 PG 1932-05-26
DuPont 50.89 DD 1935-11-20
United Technologies Corporation 83.29 UTX 1939-03-14 (United Aircraft)
Alcoa 9.87 AA 1959-06-01
3M 87.06 MMM 1976-08-09
Merck 38.45 MRK 1979-06-29
IBM 200.66 IBM 1979-06-29
American Express 52.97 AXP 1982-08-30
McDonald's 99.94 MCD 1985-10-30
Coca-Cola 69.23 KO 1987-03-12
Boeing 74.13 BA 1987-03-12
Caterpillar 110.09 CAT 1991-05-06
Walt Disney 42.70 DIS 1991-05-06
JPMorgan Chase 40.40 JPM 1991-05-06 (J.P. Morgan & Company)
Hewlett-Packard 25.01 HPQ 1997-03-17
Johnson & Johnson 64.91 JNJ 1997-03-17
Wal-Mart 59.40 WMT 1997-03-17
The Home Depot 47.39 HD 1999-11-01
Intel 26.54 INTC 1999-11-01
Microsoft 31.80 MSFT 1999-11-01
AT&T 30.99 T 1999-11-01 (as SBC Communications)
Pfizer 21.50 PFE 2004-04-08
Verizon Communications 43.57 VZ 2004-04-08
Chevron Corporation 109.32 CVX 2008-02-19
Bank of America 7.97 BAC 2008-02-19
Kraft Foods 38.35 KFT 2008-09-22
Cisco Systems 19.60 CSCO 2009-06-08
Travelers 58.50 TRV 2009-06-08

The Dow Divisor is currently 0.132129493

Current DJIA March 5, 2012 - 12,962.81

2008
Altria replaced with Bank of America
Honeywell International replaced with Chevron
AIG replaced with Kraft Foods

2009
Citi replaced with Travelers
GM replaced with Cisco

Please try to recall the reason that these companies were removed from the DJIA.

2008 DJIA at Close on March 5, 2012

General Electric 18.85 GE 1907-11-07
ExxonMobil 87.01 XOM 1928-10-01 (Standard Oil)
Procter & Gamble 66.95 PG 1932-05-26
DuPont 50.89 DD 1935-11-20
United Technologies Corporation 83.29 UTX 1939-03-14 (United Aircraft)
Alcoa 9.87 AA 1959-06-01
3M 87.06 MMM 1976-08-09
Merck 38.45 MRK 1979-06-29
IBM 200.66 IBM 1979-06-29
American Express 52.97 AXP 1982-08-30
McDonald's 99.94 MCD 1985-10-30
Coca-Cola 69.23 KO 1987-03-12
Boeing 74.13 BA 1987-03-12
Caterpillar 110.09 CAT 1991-05-06
Walt Disney 42.70 DIS 1991-05-06
JPMorgan Chase 40.40 JPM 1991-05-06 (J.P. Morgan & Company)
Hewlett-Packard 25.01 HPQ 1997-03-17
Johnson & Johnson 64.91 JNJ 1997-03-17
Wal-Mart 59.40 WMT 1997-03-17
The Home Depot 47.39 HD 1999-11-01
Intel 26.54 INTC 1999-11-01
Microsoft 31.80 MSFT 1999-11-01
AT&T 30.99 T 1999-11-01 (as SBC Communications)
Pfizer 21.50 PFE 2004-04-08
Verizon Communications 43.57 VZ 2004-04-08
Honeywell International 59.10 HON
Altria 30.26 MO
AIG 30.39 AIG
General Motors 26.00 GM
Citi 33.68 C

Divisor in 2008 was 0.122834016

2008 DJIA on March 5, 2012 13,538.84

Please note that I totally agree that having BAC in the DJIA is freaking stupid. But, do you know which Big Wall Street Firm gave an assload ($421,242) of campaign cash to Barry Obama? And GM is where it is because of 13.4 BILLION from Bush and another 39 BILLION from Barry Obama. Understand that TARP's break even point is $53.98 a share, too. I seem to remember that we had gotten all of that >50 BILLION back?

Furthermore, enjoy this gem, "By the end of Barack Obama’s 2008 campaign, executives and others connected with Wall Street firms, such as Goldman Sachs, Bank of America, Citigroup, UBS AG, JPMorgan Chase, and Morgan Stanley, poured nearly $15.8 million into his coffers." (An ALL TIME record, forever and ever, Amen.)

If you are stupid enough to vote for this Obama clown this year, you WILL get what you deserve, but I wish the people with an above 40 IQ did not have to suffer along with you if you are successful in your suicide mission. Plus, there won't be any doctors to work on your deadbeat ass in 2014, either.

Please take the time to comment.

2 comments:

Mannequin said...

I entered a fabulous diatribe a few days ago, only to see it zoom into cyberspace instead of being posted here. etablets are wonderful portable devices except when they are not.
That being said, know your blog is being read even if comments are not left behind.
The staggering amount of financial support from Wall Street is of great concern. So many Americans walk around with their heads in the sand; it is no wonder why this thief in the night from Chicago, whose formal education was most likely financed by activist Bill Ayers, will be re-elected.

Anonymous said...

I have grown tired of folks championing his ideas and policies. When I comment on a political blog, I am called a racist or a bigot. Neither are true. Anyone with an eighth grade education knows the costly fabulous failed miserably. However, if every citizen 18yo and older had received a stimulus check of $70k, then Americas could have stimulated the economy by purchasing vehicles and paying on mortgages, etc. But no. He nor the elite truly hope to assist the working class. They prefer a large gap between the haves and have nots.

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