Elections Have Consequences

Does anyone remember the 2006 Midterm Elections? For those who don't, there's Wikipedia:

 

The election resulted in a sweeping victory for the Democratic Party which captured the House of Representatives, the Senate, and a majority of governorships and state legislatures from the Republican Party.

 

 

 

It was ... the first election in U.S. history in which the losses for one side were so lopsided that the victorious party did not lose a single incumbent or open seat in Congress or governor's mansion.

The victory of the Democratic Party in the 2006 Congressional elections was a major milestone for an additional reason: it saw the election of the first woman to serve as the Speaker of the House....

 

 

The day Pelosi assumed that office,

• the Total Public Debt Outstanding was $8.67 Trillion,
• the unemployment rate was 4.4 pct,
• the labor force participation rate was 66.4 pct,
• the GDP (for the previous quarter) was 3.5 pct and
• the DOW closed at 12,622.

Today - almost six years later -

• the debt is up 89 pct ... to $16.3 Trillion,
• the unemployment rate is up, at nearly 8 pct,
• the labor force participation rate is down to 63.8 pct,
• our GDP is slowing this quarter to below 2 pct, and
• the DOW is hovering around 13,000

... and we're all that much older.

 

Comments

[Mannie Sherberg]

Yael -- I agree: we're all that much older. I wish I could say we're all that much wiser.