Who cares about the economy?

In the last 4 1/2 months the market has turned every stockholder into a big loser. Since May 20 the DOW has dropped 28% and the broader index, the S&P 500, is down 29%. (The hapless NASDAQ is off 33%, but isn't as "connected" to the economy as the other indices).

That's enormous.

Considering that we're a month away from a national election, you might expect the economy - and the administration's approach to it - would be at the top of the agenda. But instead, everybody's talking about Iraq.

Score one for Karl Rove.

posted by Quiddity at 10/09/2002 03:21:00 PM