Originally Posted by
GrouperGenius
http:///forum/post/2796864
During George Bush's Presidency, the market hit all time highs. It was actually very prosperous, especially after 9-11, until the last couple years.
Pelosi and crew's "new congress in town", and the recent Presidential race seem to have had some negative affect.
especially after 9/11???? You mean during the last recession??? And last year in this month the Dow hit its all time high.
Now normally I would say the stock market crashed for reasons that would align with my political hopes, but in all reality, the markets NEVER just go up. Extra emphasis on NEVER. Its called the business cycle, taught in intro business and econ courses.
However, this downturn has been exceptionally bad do to some policies that were put into place by the Gov't (both parties), and we have had a one day loss that was greater than in the great depression. Plus, in market value lost, it is way worse than the depression, but look at the differences in levels and what money is worth.