Summary Review of Pelosi-Reid Congress
The Pelosi-Reid-led Congress shattered all records for government spending, increasing the size of government debt from $5.8 billion to $8.5 trillion in less than a year, an increase of 46.5%.
Perhaps this is why the S&P 500 Index has gone from 1430.5 to 940 since the Democrats took over control of Congress in 2007 - a decline of 34.3%.
*Update*
Correction: Joe is right - the above should read $5.8 trillion. They only added $2.7 trillion in debt in the past year.
Perhaps this is why the S&P 500 Index has gone from 1430.5 to 940 since the Democrats took over control of Congress in 2007 - a decline of 34.3%.
*Update*
Correction: Joe is right - the above should read $5.8 trillion. They only added $2.7 trillion in debt in the past year.
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