The chart maps the progress of DOWI
(The Dow Jones Industrial Average
Index, blue) against US GDP (green) and National Debt (red) over the last 5 presedential terms. Economic growth was steady under Reagan and the first Bush and accelerated under Clinton, but with "irrational exuberance" in the stock market. The second Bush saw the collapse of the Dot-Com boom and the later banking crash. Obama's QE
and ZIRP saw a recovery in the market, resumed economic growth, but spiralling of the National Debt. GDP and DOWI
seem back on track, but taxation is need to reduce the National Debt. DOWI
has risen far enough for the moment and should ease back towards the blue dotted support line.