Clinton a Better Republican

Larry Beinhart Bush's "Magic" Formula: The Rich Get Richer
http://www.truthout.org/docs_2006/060407E.shtml

Larry Beinhart writes: "You may have been hearing that the Dow Jones Index is at an all-time high. It's true.

"However, it is only 16 percent higher than the day George Bush came into office. By comparison, when Clinton left office, the Dow was 320 percent higher than when he came into office.

"It's a very rough measure, of course, and there are many others. But by that measure, during the Clinton years, investment in America's leading business had grown more than three times over.

"Under Bush, it's grown only 16 percent in six years. Since the consumer price index is up 18 percent over the same period when the new all-time high is adjusted for inflation, growth is effectively below zero."

Wall Street Journal, Dow Jones, Murdoch

Murdoch to Meet with Bancroft Family Over Buying Wall Street Journal

In media news, Rupert Murdoch is scheduled to meet today with the Bancroft family to discuss his interest in buying the Wall Street Journal and its parent company, Dow Jones.

The Observer newspaper of London reports some reporters at the Journal may stage a walk-out if Murdoch buys the paper.

Murdoch's News Corp. is already one of the world's largest media companies. Its holdings include the TV network Fox, the book publisher Harper Collins, the New York Post, Myspace.com, the Weekly Standard and scores of other media companies.