jalaffa Posted January 20, 2009 Share Posted January 20, 2009 A sharp-sell off on Wall Street Tuesday highlighted the challenges facing the new administration of President Barack Obama, who is inheriting a stock market that collapsed during predecessor George W. Bush's second term, according to a leading market tracker.Bush's final week as president left the Dow Jones Wilshire 5000 Index -- as of Friday's close -- down 5.5% on an annualized basis during his second term. In combination with the 1% gain eked out during his first four years, Bush leaves office with the stock market down 2.3%, annualized, over eight years.The devaluation of the stock gauge gives Bush the dubious distinction of being the first president of the past five to oversee any decline at all, according to Wilshire Associates. Full Story (MarketWatch) Link to comment Share on other sites More sharing options...
irefay Posted January 20, 2009 Share Posted January 20, 2009 Yeah, and I just inherited a possible 500% increase in the price of ammunition along with it being much more difficult to buy any guns. Link to comment Share on other sites More sharing options...
jalaffa Posted January 20, 2009 Author Share Posted January 20, 2009 Guns? - My hard earned money evaborates now. Leave the guns out of it please Link to comment Share on other sites More sharing options...
myidisbb Posted January 20, 2009 Share Posted January 20, 2009 Guns? - My hard earned money evaborates now. Leave the guns out of it pleasehe is meaning that the libs will make guns costly to own. like the bullets.the stocks crash because of the mortage problem which was caused by certain groups in the dnc. they where all warns 2-3 years ago that this might happen.still stock market at 8000 is not really bad. it was that after 9/11. i remember it crashing to 4000 under clinton. so im not buying that crap. right now is the best time to back more stocks and funds. now if you really want to get scared just remember the dnc wants to get rid of the tax exempt on your 401 funds. Link to comment Share on other sites More sharing options...
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