The end of the Bush stock market
Today marks the end of the Bush stock market.
He has presided over the evisceration of more than $4.6 trillion of U.S. stock market wealth as measured by the S&P 500.
By comparison, the S&P 500 gained more than $9 trillion in value under the eight years of Bill Clinton’s administration.
As much as it pains me to say this, I have to admit it – my Democrat friends were right.
They told me if I voted for McCain, the nation’s hope
would deteriorate, and sure enough there has been a
20 point drop in the Consumer Confidence Index and greater since the election to a historical all time low – much lower point than any time during the Bush administration.
They told me if I voted for McCain, the US would become more deeply embroiled in the Middle East, and now,
tens of thousands of additional troops are scheduled to be deployed into Afghanistan.
My Democrat Party friends told me if I voted for
McCain, that the economy would get worse and sure
enough unemployment is at 9.4% and the new stimulus
packages implemented recently have sent the stock market
lower than at any time since the Islamic Terrorists
attacks of 9-11.
They told me if I voted for McCain, we would see more
“crooks” in high ranking positions in the Federal government and sure enough, several recent cabinet nominees and senate appointments revealed resumes of scandal, bribery and tax fraud.
They told me if I voted for McCain, we would see more
Pork at the trough” in Federal government spending and sure> enough, 17,500 “Pork Bills” showed up in Congress
since January 2009.
I was also told by my Democrat friends that if I voted for McCain, we would see more deficit spending in Washington D..C. , and sure enough, Obama has spent more
in just 30 days than all other Presidents together – in the entire history of the good old USA!!
Well, I voted for McCain in November and my Democrat
friends were right… all of their predictions have come
true!