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Doctoring the Economy

Doctoring the Economy> “…the President concentrated almost exclusively on specific means to counter the worst economic slump since the Great Depression…Displaying the blunt candor that is his most politically attractive quality, the President proclaimed himself the bearer of ‘bad news,’ declared flatly that ‘the State of the Union is not good,’ and announced that he did not expect ‘much if any applause.’ Then he unfurled an economic and energy program of considerable scope, great complexity and huge risk.” —Time, January 27, 1975

On the day this issue hit newsstands, the Dow stood at 692.66. Ten years later, the Dow hit 1276.06. If you had invested $1,000 in the Dow the same day of this issue, it would be worth $1,842 ten years later, almost doubling your initial investment.