Posted on | October 8, 2012 | 3 Comments
Here’s a BushToll nugget that pretty much speaks for itself. When George W. Bush took office on Jan. 20, 2001, the S&P 500 stock market index stood at $1,342.54. The day he left office, it was $805.22, a drop of 40 percent
The Dow Jones Industrial Average fared a bit better. It dropped only 25 percent. Sadly, the tech-heavy NASDAQ shed 48 percent of its value on President Bush’s watch.
As they say, a picture is worth 1,000 words:
Source Data: Yahoo Finance, Historical Quotes
|Dow Jones Industrial||$10,587.59||$7,949.09||-25%|
Just for contrast, here is a snapshot of the stock market from Jan. 20, 2009 to present (Oct. 8, 2012):
On an historical note, Bloomberg News recently reported on the fact that the stock market, corporate earnings, and GDP do better under Democratic presidents than Republican presidents: