You'd have a hard time convincing me.
You'd have a hard time convincing me. I will grant that Dubya has a part in the situation. He didn't do anything to stop the reckless lending habits forced on the banking industry by Carter, Clinton, and Obama's friends at ACORN. In fact, he may have embraced it as though he was going to garner the "deadbeat" vote that the dems generally own. And, of course, we know the effects that lending to non-creditworthy borrowers has had on the mortgage and banking industries.
But let's look at the pattern that the DOW has taken these last few months. It took its big plunge when the bailout was announced. Why? Perhaps because socialism was being introduced in a grand way. Perhaps because there weren't any funds to support the bailout. Perhaps because the taxpayers were going to be carrying this enormous debt until death. At any rate, that was the first big piece of the plunge. Perhaps wall street saw McCain's numbers drop dramatically when he mishandled the situation.
At any rate, once that drop occurred, it bounced around between roughly 8500 and 9500, with movements fairly well correlated to McCain's polling numbers. McCain up - DOW up. McCain down, DOW down. It rallied near the election because the poll numbers were tightening. Those in the market sensed that there was a chance that blatent, over-reaching socialism was not in our future. But, alas, McCain did not win. And the market is beginning to reflect the reality of thousands of miniature reenactments of "Atlas Shrugged" are taking place around the country.
You'd have a hard time convincing me.