When Nancy Pelosi and Dems. took over in 2006, the unemployment rate was low, and the only talk of bad economic things on the horizon was from the Republicans trying to get Barney Frank and Chris Dodd, Nancy and crew to look and see that Fannie & Freddie were disasters waiting to happen. To no avail. The truth was that the Democrats were pitching a hissy fit to get rid of “Bush”, and they were willing to crash this economy and ruin this country to do it. - Now that the Obamassiah is calling the shots along with Nancy, Frank and Dodd, oh, things ARE going to get worse before they get better, and IF they get better, it will be in spite of the Democrat’s outrageous spending debacles - not because of them. Of course, they mean well, because it’s their BIRTHRIGHT to rule and tax us to death.
Look at a chart of the S&P 500.
June 2008 - Obama gets the nomination and we start down.
October 2008 - when McCain’s polls numbers are awful BIG down.
Nov 2-4 2008 - a little rally because McCain closed in the polls.
Nov 6 after the election down more.
The market collapsed because the fear Obama is a marxist. People with any money or businesses have ZERO confidence in Obama.
Hate to break the news to you but the FBI was well aware of the fraud taking hold in the mortgage and other financial industries but had no resources or real support to do much about it. Why? Something called 9-11 happened and the focus was turned to preventing terrorism instead of domestic crime. A few high profile convictions for fraud years ago might have saved us a lot of headaches.