BushToll

Documenting the Bush Legacy of Failure

The Bush Stock Market Collapse

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:

2001 - 2009: The Bush Stock Market Collapse


The Bush Stock Market Collapse

 
Source Data: Yahoo Finance, Historical Quotes

1/19/2001 1/20/2009 Decline
S&P 500 $1,342.54 $805.22 -40%
Dow Jones Industrial $10,587.59 $7,949.09 -25%
NASDAQ $2770.38 $1440.86 -48%

 

Just for contrast, here is a snapshot of the stock market from Jan. 20, 2009 to present (Oct. 8, 2012):

Stock market Jan. 20, 2009 to date (Oct. 8, 2012)


Stock market Jan. 20, 2009 to date (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:


 

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Comments

3 Responses to “The Bush Stock Market Collapse”

  1. joe brophy
    October 9th, 2012 @ 9:51 am

    THIS IS PURE NONSENSE; PELOSI CAUSED THE MARKET CRASH WHEN SHE AGREED WITH BERNANKE AND THEN LET THE LEGISLATION DIE IN THE HOUSE BY TWO VOTES; AND THE DOW TOOK A 1000 POINT HIT AND EVENTUALLY DROPPED ANOTHER 4000 POINTS ON LACK OF CONFIDENCE WITH THE HOUSE DEMOCRATS.

    BUSH KEPT US SAFE. CLINTON DROPPED OUR GUARD AND FAILED TO KILL OSAMA – PLENTY OF VIDEOS TO SUPPORT THIS. CLINTON GOT CAUGHT WITH HIS ZIPPER DOWN AND LOWERED OUR DEFENSE CAPABILITIES

  2. The Editor
    October 9th, 2012 @ 10:24 am

    Delusional.

    Under Bush’s leadership, more than 7,077 Americans (military and/or civilian) were killed and 40,030 wounded by foreign terrorists or fighters either on U.S. soil or “in theater” during military operations.

    And this doesn’t account for non-hostile deaths of deployed troops (another 1,050), nor does it account for the thousands of cases of PTSD and other long-term after-effects of multiple deployments.

    You can’t be considered safe… if you’re maimed or dead.

    http://www.bushtoll.com/2009/01/31/bush-failed-to-keep-america-safe/

  3. The Editor
    October 9th, 2012 @ 10:35 am

    p.s. Every sane person knows that the stock market crash of 2008 was triggered by a collapse in house prices, which in turn cratered the insurers/guarantors such as AIG and created a run on financial firms such as Bear Stearns. The financial firms were overleveraged in CDS (credit default swaps), causing a complete lockdown of the credit market, without which the economy can’t function.

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