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Hundred days

A lot of bits and bytes being expended on the first hundred days of the Obama adminstration this week. The BBC has a nice slideshow, the LA Times has videos, picture galleries, reader commentary, the whole nine yards.

I thought it might be useful to look at the trajectory of the Dow Jones Industrial Index over the first hundred days (or thereabouts).

Most of what I've been reading today puts a positive spin on the president's achievements in the first hundred days of his administration. But there's a lot of counter-talk out there, too. Charges that the stimulus package has levied a colossal invoice on future generations, for example, and that much of the president's new legislation has swollen government and neutered competition.

Reuters focuses on the next 100 days, and highlights healthcare and the Middle East as potential sticking points beyond the economic mess.

If you're wondering why this focus on a hundred days, Time has a neat piece explaining the origin of our obsession. It all has to do with a Frenchman (a Corsican, to be precise). Obama may look like an overachiever to us, but he looks like milquetoast when compared with Napoleon Bonaparte. Back in 1815, Boney (as the English called him) escaped from exile in Elba (off the coast of Italy), marched across the Alps with 600 men, arrived in Paris with 6000, deposed the French King, recruited an army, and marched into Belgium to fight the English. All in 111 days.

Not bad, eh? Except the battle in Belgium took place at a village called Waterloo, the British were led by a chap called Arthur Wellesley, and Napoleon was so humiliated that he was forced to abdicate. To St Helena he went, until he died.

So, no overreaching, please, Mr President. For all our sakes.

About the author

Paddy Hirsch is the Senior Producer, Personal Finance at Marketplace and the creator and host of the Marketplace Whiteboard. Follow Paddy on Twitter @paddyhirsch and on facebook at www.facebook.com/paddyhirsch101
Anonymous's picture
Anonymous - Apr 29, 2009

It's "worse" (or "better" depending on if you like Obama or not) that what you posted.

Napoleon wasn't exiled back to Elba, it was too close to Europe. The Royal Navy took him to St Helena (one of the most isolated places on Earth) so that he couldn't cause any more trouble. He died a few years later.

To this day the British seem to always have at least one event during Franco-Anglo summits or state visits at somewhere with "Waterloo" or "Trafalgar" in it's name.

Anonymous's picture
Anonymous - Apr 29, 2009

Thanks for that, Corrected. Old Mr Wilson would have hurled the chalk at me for getting that wrong!