Not really. The market was falling way back in December. The most drastic falls have happened only recently.
What do you mean “Bush got the panic started?” First of all, it’s not a panic. People paniced in 1929. They’re not panicing now, they’re nervous. But I don’t see how the blame here lies in Bush, other than him simply having the misfortune of being in office when it happened. The seeds of this downfall were planted long before he was sworn in.
It’s also a waste of time, which is why I didn’t do it. There is a difference between calling Bush an idiot and expressing the opinion that his statements are failing to inspire confidence in the president’s ability to handle the economy. Inspiring confidence in the electorate is an important part of the job, and if Bush fails to do this he is screwing up as suggested by the OP.
Perhaps not, but he does have a responsibility to ensure that California’s problems don’t worsen to the point that they drag down the economies of other states. The country does not need a new rust belt, yet Bush has given no indication that he’s inclined to prevent the formation of one in CA.
Goat entrails work the best for political things !
I voted for Nixon.
Gee where would anyone come up with the idea that the conservative ideology lacks compassion or the desire for equal justice under the law? Haven’t they heard of “compassionate conservatisim” yet? This one is cracking me up.
Needs2know
…right after Dubya was selected by his shills on the US Supreme Court.
I don’t think the investors on Wall Street needed to wait for George to actually move into the White House before they start having ulcers about him – like a lot of Americans, they saved time and got a head start.
A) The economy is a huge multivarible that no one does a great job of predicting. The President’s actions (and those of Greenspan) are only one variable.
B) There is the theory that the wily GOP has planned a short couple quarter recession immediately after Bush took office that they can blame on Clinton. Get it over with quickly, and by the time the House starts running for re-election, the economy is rosy again. Don’t buy it myself - I don’t think they are stupid enough to think they can control it.
C) The dot com bubble had to burst. You can only sell at a loss and make it up in volume for so long.
Um, this is a thread about the economy tanking. Why would Republicans being bastards make the stock market tank? I would think it would inflate the stock market. Besides, I thought “all you liberals” were UPSET by the stock market making rich people richer…you should be HAPPY it’s tanking…
Lemur I believe Needs2Know posted the exact same reply in another thread where it fit better. I suspect that they accidentally posted it here. (aside to Needs - hope I’m correct and that you don’t mind me suggesting the reason)