[Grovenet] Another anti-science Republican screed ? ? ? ?

[David Morelli]

On Feb 26, 2009, at 5:57 PM, Steven wrote:

> Ever done the math? Some say that the stock market historically  
> goes up 7% a year.
> 7% per year from 1946 puts the dow at 7400. What was the 14000  
> number? A bubble.
> Who says the economy had to be that up?
>

We have the habit of confusing the symptom with the disease.  A  
temperature of 104 indicates a serious problem, lowering the body  
temperature may prevent other damage but it doesn't address the  
cause.  The 50% drop in the stock market indicates a problem,  
restoring the old stock prices may return security to investors but  
it doesn't address the problems in the economy.

David