RANDOM THOUGHTS on redistributing the wealth from the retirement lane.

I just received one of those 'It wasn't Bush's fault' chain emails that keep coming around. One data point caught my eye: on January 3, 2007, when the Democrats took control of both Houses of Congress, the Dow Jones Industrial Average closed at 12,622. On January 3, 2011, when Republicans regained control of the House, it closed at 11,671. During the four years Democrats owned Congress, the DJIA lost 7.5%. Using the DJIA as a proxy for the 'evil rich millionaires and billionaires', I'd have to say that the Democrats did a pretty good job of destroying redistributing wealth.

On Friday, with Republicans holding only 1/2 the Congress, it closed at 12,861. The DJIA has recovered 10.2% in less than 1-1/2 years....