On Feb.27, 1991, an amazing thing happened: The President of the United States went on national television to announce that the United States had won a war.
President George H.W. Bush told a grateful nation, "Kuwait is liberated. Iraq’s army is defeated. I am pleased to announce that at midnight tonight, exactly 100 hours since ground operations began and six weeks since the start of Operation Desert Storm, all U.S. and coalition forces will suspend offensive combat operations."
Would that his son had paid more attention to how quickly his daddy ended his Gulf War. (And would that daddy hadn’t stopped quite so quickly, but had gone into Baghdad and toppled Saddam Hussein.)
In the week following Bush’s remarks, the Dow gained 108 points. This capped a 20 percent surge in the stock market during the six-week Gulf War.
My, how times have changed.
— Chip Wood