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Bush's Rare Double! Two Separate Bear Markets - Dow Below 11,000

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Median Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-11-08 11:38 AM
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Bush's Rare Double! Two Separate Bear Markets - Dow Below 11,000
Kudos to Bush. He achieved a rare double. He is perhaps the only President to have two separate, stand alone bear markets in one presidency. First, there was 2000-2002 where the Dow dropped by more than 20%. Second, there is the current bear market in which the Dow has dropped 20% and continues drop as noted by today's fall below 11,000.

There are other Presidents who had a greater single decline in the stock market, but in the past 100 years or so, I think Bush may be the one President who presided over 2 separetly bear markets.

So, someone remind me why the GOP is so much better for American business? I guess Cheney was wrong. Deficits do matter, and wiping out the surplus has caused the dollar to plunge, oil prices to soar, and the economy to tank.

It simply is not optional to sit on the sidelines during this election. If McCain makes Bush's tax cuts permanent as promised, what affect will this have on the dollar? On the oil prices? On the economy?
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rsmith6621 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-11-08 11:43 AM
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1. Paahleeze Leave Poor George Alone....



He is also the only prez that had a 9/11.....:sarcasm: :sarcasm:
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Tim4319 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-11-08 11:45 AM
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2. And Katrina!
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-11-08 12:06 PM
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3. And Enron
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